The Daily Doom

The Daily Doom

So Many Mission Fails, Instead of "Mission Accomplished"

Trump keeps racking up Herculean failures for the US. Today's news lays out several massive fails for the past year that will bear enormous cost for the US for decades to come.

David Haggith's avatar
David Haggith
Jan 29, 2026
∙ Paid

President Trump watches another missioned accomplished.

Ever since President Geo. Bush II declared “Mission Accomplished” at the hundred-day point in his Iraq War over non-existent yellow-cake uranium, and badly rusting, sand-pitted missiles buried beneath the desert, big claims of war victories have turned into endless quagmires that combine to create trillions of dollars in additional debt for the US. These have become a regular feature of US international policy. It’s the Deep-State/Military Industrial Complex nonsense Trump promised to drain from the swamp.

Before we get to the Peace President’s flailing and failing peace agreements that are rampaging toward greater more intense wars, let’s talk about the one thing Trump is supposed to be best at—making money. It is turning out he is really much better at destroying it.

I have beat my drum for the pat year about one major danger that would come from the Trump Tariffs—the destruction of the dollar. One of our stories listed below, says the dollar has become a train wreck that is starting to lead to a sell-off of US Treasuries, a I’ve also said we could expect from the tariff wars. That, obviously, has magnified complications for the US with its massive debt to manage.

The once-mighty U.S. dollar was having another turbulent day on Thursday, and the impact of its lasting weakness against major rivals appeared to seep into the $30 trillion Treasury market.

Investors sold long-term Treasurys during morning trading, driving yields on the 10-year note.

Another article notes that the dollar now sits at a foreign-exchange level that that, if breached, could cause a major cave-in for the dollar.

The U.S. dollar has been battered in the year since President Donald Trump returned to the White House. It may now be teetering on the edge of a bigger drop.

After sliding to its lowest level since 2022, the greenback lately has been clinging to a critical support level dating back to 2008. A breach below it could trigger a sharp decline and potentially open the door to further downside for the dollar.

So, the dollar’s collapse is slowly picking up momentum, but slow could turn to quick in a hurry if the present level of historic support fails to hold.

“A sustained break below 96” would suggest the greenback’s decline isn’t over yet, potentially pushing it down toward the next major support level between 89 and 90….

The dollar already has fallen more than 12% from its 2025 high of 109.96. It has faced downward pressured from a number of fronts….

Trump, a day before, downplayed dollar concerns, claiming it was “doing great”and that he was comfortable letting it “seek its own level.”

Nothing but baldfaced lies. The man who long ago claimed he liked a strong dollar, might as well have just said, “Let her flush!” Maybe that is the mission. Destroy the dollar and hope people rush, not just to gold and silver, but to Trumpcoin ($Trump). So far that is not working as $Trump has become a major mission fail, too. While the dollar’s death has been good for gold and slick for silver, it has not been so slick for the silver-tongued, old fox, whose $Trump is down 96% from its high. I’ll bet not too many people are glad they bet on the orange fox with their retirement funds.

But here is the most blatant failure from the Trump Tariff Wars:

After a whole year of massive tariff turbulence, the US trade deficit just exploded upward almost 100% from the month before. On a year-over-year basis, the deficit is 4% worse than before Trump launched his new trade wars he promised “will be easy, so easy to win, just you wait and see.”

Still waiting for the mission of reducing trade deficits to begin, much less to be accomplished.

(If you think bringing about the death rattle of the world’s greatest currency of the past 80 years in a single year is not really a picture of financial success, wait until you see the imminent war dangers that are now metastasizing directly out of the heart of Trump’s most acclaimed peace victories. That story is encapsulated after the headlines for paying subscribers.)

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Economania

Software stocks enter bear market on AI disruption fear with ServiceNow plunging 10%

Money Matters

Dollar turbulence starts to seep into the Treasury market

The battered dollar could fall even further if it breaks below this key level

Will Gold and Silver Tank Along With Equities?

Trade Wars and Turf Wars

Tariff Trainwreck: Trade deficit soared 94% in November and was higher than a year ago, despite tariff efforts

White House meets with Canadian secessionists as friction mounts between Trump and Carney

Wars and Rumors of Wars

Trump: A beautiful armada is headed towards Iran, I hope they make a deal

‘Trump promises, does nothing’: Iranians fear US may never take action against regime

Netanyahu warns of unprecedented Israeli response if Iran attacks

Iran Threatens To Sink The USS Abraham Lincoln As The Middle East Edges Closer To A Cataclysmic Showdown

Saudi Arabia won’t allow airspace to be used for military action against Iran, crown prince says

—

Hamas refuses to disarm, calls weapons essential for ‘defense against occupation’

Netanyahu: No Gaza rebuild before Hamas disarms, Israel will keep ‘security control’ over Gaza

—

US ‘tells Ukraine that security guarantees will only be given in return for Donbas’

Political Pandemonium

Bonner: Shots Fired

The New Trump 2.0: “I don’t like that he had a gun, I don’t like that he had two fully-loaded magazines, that’s a lot of bad stuff…. You can’t have guns…. You just can’t….”

Oil prices rise more than 2% as Trump weighs strikes on Iran

Trump Threatens to Send ICE After Supporters Who Won’t Donate

Stunning Epstein twist as Maxwell claims 29 friends cut 'secret deals' with DOJ

America at a Boiling Point: Deaths, Threats, Protests and a Town Hall Attack

Erika Kirk video surfaces as she laughs and praises memorial staff for ‘event of the century’ after Charlie’s death

The rise of Fafo parenting: is this the end of gentle child rearing?

A Pox upon us

Scientists Want to Use Self-Amplifying mRNA to Vaccinate Those Who Do Not Want to Be Vaccinated

Climate Calamity

Situation in South grows more dire after days of ice and widespread outages

Doomer Humor

Both elephants and jack-asses will never forget the humor that targeted their side at Counterpoint.

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