Is the U.S. dollar's dominance coming to an end?

[libertybele]

Is the U.S. dollar's dominance coming to an end?

The U.S. dollar is facing a potential collapse, driven by ‘transformative developments’ in the foreign exchange markets. Tavi Costa, partner and macro strategist at Crescat Capital, highlighted in a recent interview with Jeremy Szafron, Anchor at Kitco News, that net interest payments as a percentage of GDP are projected to reach their highest level in over two centuries. This shift indicates a looming depreciation of the U.S. dollar relative to other currencies. Costa explained, "The reality is that net interest payments as a percentage of GDP are projected to reach their highest level in over two centuries. The potential benefits of cutting interest rates to alleviate surging debt service payments are beginning to outweigh the fight against inflation. The urgent need for financial repression in the US economy has never been more apparent."..............

https://www.kitco.com/news/article/2024-07-31/us-dollars-dominance-coming-end-tavi-costa

[MeganC]

Our total debt is what's killing the dollar.

The Federal debt is $35 trillion.
State and local debt totals another $3 trillion.
Unfunded state and local pension debt is $1.5 trillion.
Unfunded Social Security obligations are $73.2 trillion.

Just these four items cover $112.7 trillion dollars in current debt obligations.

2023 US GDP was $27.3 trillion dollars.

Our debt to GDP ratio is then 412%

Greece at their worst were only at 210.3% of GDP.

People, if you don't own at least some gold or silver then you should plan on being f***ed.

[Free Vulcan]

Our total debt is what's killing the dollar.

The Federal debt is $35 trillion.
State and local debt totals another $3 trillion.
Unfunded state and local pension debt is $1.5 trillion.
Unfunded Social Security obligations are $73.2 trillion.

Just these four items cover $112.7 trillion dollars in current debt obligations.

2023 US GDP was $27.3 trillion dollars.

Our debt to GDP ratio is then 412%

Greece at their worst were only at 210.3% of GDP.

People, if you don't own at least some gold or silver then you should plan on being f***ed.

But it's the interest payments though that are going to get us, when they outpace our tax revenues and we have to issue new debt to pay for it.