U.S. Debt Burden Threatens National Security Amid Political Fallout

The U.S. dollar continues to assert its dominance as the leading international currency, representing approximately 58% of global reserves as of mid-2024. This status was established post-World War II during the Bretton Woods Conference, where the dollar was pegged to gold, a decision driven by the U.S.'s economic stability compared to war-torn Europe. Despite the suspension of the gold standard in 1971, the dollar remains the primary currency for major global commodities. Recently, President Trump labeled the BRICS coalition as 'dead,' expressing concerns over their attempts at de-dollarization, which pose a perceived threat to U.S. economic security. Critics argue that the growing trend towards shifting away from the dollar highlights vulnerabilities in U.S. economic power, echoing historical warnings about national debt affecting national security. The ongoing debates around currency supremacy showcase the geopolitical implications tied to financial systems and economic strategies.