Thread by @ces921

The U.S. dollar built a global empire.

But that empire now feeds on its own people.

🧵 How dollar hegemony hollowed out America — and why the system is quietly collapsing:

The dollar gave the U.S. an unmatched privilege:

Borrow without limit

Fight wars without sacrifice

Consume more than it produces

Inflate assets for the rich

It worked brilliantly — until it didn’t.

It worked for the mean:
📈 GDP
📈 Stocks
📈 Multinational profits

But it failed the median American:
📉 Wages
📉 Job security
📉 Community stability

While the Fed printed and Treasury borrowed, this is what we got:

$8T spent on failed wars

800+ military bases

$36T in national debt

More spent on interest than on defense

Dollar supremacy let America offload inflation and import cheap goods.

But it also offshored its factories, gutted its industrial base, and turned entire regions into economic sacrifice zones.

Financial markets boomed.
Home prices soared.
Private equity got rich.

But the average American?
Crushed by debt.
Locked out of ownership.
Told everything’s fine.

It was empire on auto-pilot.

Wars fought on credit.
Wall Street bailed out.
Main Street left behind.

The elites called it “global leadership.”
Everyone else called it despair.

Now the illusion is cracking:

Global demand for Treasuries is fading

De-dollarization is real

Interest costs are exploding

And a political revolt is brewing

America must decide:
Keep borrowing to fund empire and illusions...
Or rebuild the Republic:

Reshore production

End forever wars

Invest in people and real strength

Dollar hegemony made America look strong — while making it fragile.

It’s time to retire the illusion.

💥 Read the full memo:
📉 How dollar dominance backfired
📈 What comes next

Here is the full length memo

open.substack.com/pub/thealethea…