US National Debt Crosses $37.5 Trillion: Is Dollar Collapse Near?
The US national debt officially crossed above $37.5 trillion on Wednesday, according to data from the Peterson Foundation. Debt per single person in America is now at a historic high of over $110,000. The US dollar is facing a crisis as the national debt is increasing at record levels. Also Read: Daily Chart Signals Gold Price Power Move Toward $4,000 Why the US Dollar is in Danger If the National Debt Rises Source: beincrypto.com More Printing By the Federal Reserve The first currency to face the heat if the national debt spirals out of control is the US dollar. If debt grows, the Federal Reserve will issue more Treasury bonds, but seeking buyers at a time of de-dollarization will be challenging. If demand for the Treasury bonds weakens, the Fed will be forced to print more money to eventually buy them. Demand For the USD Will Decline This will lead to a new financial problem as the supply will be more with less demand. The more the supply, the less demand for the US dollar, as the na...