Islamic Scientific Schools

In the Name of Allah---the Most Beneficent, the Most Merciful. The US dollar has long served as the world’s dominant reserve currency, underpinning the global financial system for decades. However, mounting economic pressures and shifting geopolitical dynamics have led to increasing speculation about the dollar’s decline. Several key factors contribute to the potential collapse of the US dollar, including unsustainable debt, weaponization of the currency, continuous military conflicts, and the growing demand for digital currencies by central banks. 1. Unsustainable US Debt: A Burgeoning Crisis The US national debt has reached unsustainable levels, significantly increasing over the last five decades. In the 1970s, the US debt-to-GDP ratio stood at a manageable  30% , but today it has surged to  123% , raising concerns about the government’s ability to meet its financial obligations. The expansion of debt has been driven by excessive government spending, tax cuts, and stimulus p...