Part 8/10:
A continued decline could have severe consequences, undermining the US dollar’s reserve currency status and prompting a major reorganization of global financial flows. While it is unlikely that the dollar will vanish overnight, the cracks are widening—and their effects could be irreversible if confidence erodes enough.
The Erosion of a Financial Empire
Historically, dominant empires and currencies don’t collapse suddenly but erode slowly over time. The current signals—rising yields, currency devaluations, and waning investor confidence—are early warnings that the US’s financial empire may be in the midst of such an erosion. The global financial system is watching closely, mindful that once trust is lost, restoring it becomes an almost insurmountable challenge.