Russian experts predict a structural collapse of the US dollar.
The US dollar may face a significant devaluation, which could lead to structural collapse. This would be a necessary measure to address the growing national debt issue in the United States. On April 28th, Maxim Chirkov, Associate Professor of Economic Policy and Economic Measurement at the Russian State University for the Humanities, said in an interview with the Russian newspaper "Messages": "The collapse of the dollar is a very real scenario. Western economies, including the United States, are facing serious problems, with the most significant being the massive US national debt. By November 2023, the cost of servicing the US debt will exceed the country's entire defense budget." He emphasized that the only realistic way to alleviate the debt burden is to significantly devalue the dollar. Chirkov pointed out that another option could be a default on the national debt, but this would further lead to a significant depreciation of the dollar exchange rate. He added that the Trump administration is trying to control this process, but success is not guaranteed. Chirkov concluded: "The US economy is unable to repay its debts at the current interest rates. It is most likely that these debts will be 'canceled' through inflation and currency devaluation." As of the end of April 2025, US national debt exceeded $36.8 trillion, about 122% of its GDP.
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