Now this is the ongoing us dollar crisis
The 2025 U.S. Government Shutdown: Legitimacy at Stake — The Dollar, the Fed, and Global Credit Under Strain Introduction: A Shutdown That Means More Than Headlines When Washington enters a budget impasse, financial markets typically treat it as transient noise — a volatile few days, some “risk-off” swings, then a negotiated extension. But this time is different. On October 1, 2025 , at 12:01 a.m. EDT , the U.S. government officially shut down, with Congress failing to pass appropriations for the 2026 fiscal year. ( Bera.house.gov ) The lapse in funding triggered a cascade: ~800,000 federal employees furloughed, another ~700,000 working without pay, and widespread suspension of federal programs. ( Wikipedia ) But beyond the human and institutional disruption, this shutdown strains the pillars of U.S. monetary order : Federal Reserve legitimacy — as data releases stall, transparency erodes. Dollar supremacy — as global trust in U.S. credit frays, the premium for holding dollars may shrink. Treasury market stability — the “risk-free” benchmark is no longer immune to political dysfunction. This is no mere “Washington drama.” It’s a stress test of institutional credibility , and the cr
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