The Dollar's Throne Is Not Eternal — How America's Debt Spiral Is Handing Rivals the Tools to Dethrone It
The US dollar's status as the world's reserve currency is the single most underappreciated source of American economic and geopolitical power — and it is under more serious pressure than at any point since the Bretton Woods era. Washington's compulsive deficit spending is not merely a domestic fiscal problem. It is a signal to global markets that American financial stewardship cannot be trusted, and America's rivals are listening carefully.