History Is Rhyming: De-Dollarization And Fiscal Twilight Of U.S. Dominance – OpEd - Eurasia Review
History Is Rhyming: De-Dollarization And Fiscal Twilight Of U.S. Dominance – OpEd - Eurasia Review
Source: Eurasia Review
―
DW NOTE
The U.S. fiscal deficit is projected at $1.9 trillion for fiscal year 2026 — 6% of GDP in the fourth year of expansion with rates at 3.75%. That's not a cyclical problem. Meanwhile BRICS nations are actively building dollar alternatives in trade settlement, not because they prefer renminbi accounting, but because Washington has made its currency a sanctions instrument first and a medium of exchange second.