The Dollar: From Debt Crisis To Currency Crisis? - Bitcoin World
The Dollar: From Debt Crisis To Currency Crisis? - Bitcoin World
Source: Bitcoin World
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DW NOTE
The US ran a $1.9 trillion deficit in fiscal 2026—6% of GDP—while the Fed held rates through year-end to prevent a bond rout. That's not fiscal policy constrained by monetary discipline; that's monetary policy subordinated to fiscal necessity. The dollar isn't backed by confidence in American institutions. It's backed by the fact that no one has built an exit yet.