The post The US Dollar and the 1971 Global Monetary Order Are Collapsing: Analyst appeared on BitcoinEthereumNews.com.

The US dollar’s hegemony is over, as evidenced by China’s recent announcement of export controls on rare earth minerals, a critical component in electronics manufacturing and military defense applications, according to analyst Luke Gromen. China’s rare earth mineral export controls prohibit the sale of the critical minerals to the US military industrial complex, which backs the value of the dollar through military force, Gromen told Marty Bent, founder of Truth For the Commoner (TFTC), on Sunday. The export controls prompted US President Donald Trump to announce additional 100%  tariffs on China, and revealed that China “has a lot more leverage than a lot of the Western commentators are admitting,” Gromen said. He added: “If you messed with the monetary side of the rules-based global order, the US would send the military over and kick your head in. That is a big part of why Saddam was invaded, a big part of what Gaddafi was doing.” Analyst Luke Gromen sits down with Marty Bent on the Truth For The Commoner podcast to discuss the shifting macroeconomic landscape. Source: TFTC China produces over 90% of the world’s rare earth minerals and rare earth magnets used in electronics manufacturing, according to Reuters. The announced export restrictions on rare earths won’t just reshape supply chains, but the entire global monetary order, Gromen said. Related: EU eyes euro stablecoins to challenge dollar monopoly Here’s what it means for Bitcoin and hard money assets Gromen said that a hard money standard is the only fix for the current economic problems in the United States. He touted BTC as one of the hard money assets that can save the ailing economy, meaning the prices of gold and BTC will continue to rise in the face of currency inflation as individuals and businesses adopt BTC to protect purchasing…

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Filed under: News - @ October 19, 2025 10:22 pm