The Dollar is Dead Author "mathmeetsney" The author proposes a bold viewpoint: by 2040, the US dollar will no longer be the global reserve currency, and may even no longer be the default trading unit within the United States. The author believes that the decline of the US dollar has begun and may occur in the next decade. This trend is driven by market dynamics, the unsustainable nature of US treasury bond bonds and the politicization of the Federal Reserve. I. The market now dominates policies -After April 2025, the tariff policy caused the market to plummet, but the yield of treasury bond bonds rose, indicating that the market no longer relies on the Federal Reserve to cut interest rates. -The government's overspending and reliance on printing money have led to the bond market dominating policies; Prediction: High long-term returns and inflation exceeding 5%. II. Unsustainability of US treasury bond bonds -Issuing short-term bonds after the epidemic, with high debt/GDP ratio; Interest rate adjustments are unfavorable (low interest rates lead to inflation, high interest rates increase costs). -Historical debt continues to rise, and political factors have led to increased overspending; Prediction: Future elections will be deadlocked and debt will worsen. III. The politicization of the Federal Reserve -Weakened independence of the Federal Reserve, government intervention in decision-making, and dismissal of the Director of the Data Bureau. -The term of office of the chairman is shortened, and each government changes; Prediction: Decentralization of the US dollar and expansion of the balance sheet. -The rescue plan (such as AI growth and contraction) is difficult to implement; Alternative options include the gold standard or cryptocurrency. -The slow acceleration of de dollarization has led to the decline of the dominant position of the US dollar and a significant decrease in purchasing power. Conclusion - The decline of the US dollar is due to the loss of trust in American institutions, not external competition; The US dollar is dead, may the next generation endure. --- https://mathmeetsmoney. (substack.com)/p/the-dollar-is-dead