In 1960, economist Robert Triffin told Congress the dollar's global dominance contained a structural guarantee of self-defeat. Not a warning. A guarantee. The US would have to run persistent deficits to supply the world with dollars — and those deficits would eventually erode the very credibility that made the dollar worth holding. By 1971, US gold had fallen from $17.8 billion to $10.5 billion backing over $65 billion in foreign claims. Nixon suspended convertibility. Today: $900 billion annual current account deficit, $7.5 trillion in foreign Treasury holdings, dollar reserve share down from 72% in 2001 to 59%. The dilemma Triffin identified in 1960 is still running — just without the gold floor. Read the full analysis: https://primal.net/e/naddr1qvzqqqr4gupzps0jlr07ksa2e5403r…