The dollar on the brink: how the 80-year cycle from Bretton WoodS&P 500SP:SPXTimofei81827DEThe US is on the verge of a monetary breakdown, worse than a recession. He compared the situation to the debt crisis of the 1930s, which led to the Great Depression. Today, the US is in the same trap: debt exceeds $37 trillion, and the ratio to GDP is 119 percent as of August 2025. Today, the dollar is losing ground faster than ever since 1973, and this is no accident. The Federal Reserve cut interest rates to 4.25 percent in September, but that is not enough. US GDP growth has slowed to 1.7 percent in the forecast for the year, with unemployment at 4.3 percent. Consumers are spending less: spending rose by only 0.6 percent in August. And inflation? It fell to 2.3 percent in May, but the risks of a return are growing due to Trump's tariffs. These import duties — 10-20 percent on China and Europe — are hitting exporters such as Midwestern farmers. If confidence collapses, bond rates will soar and inflation will return. Dalio paints a picture in his book How Nations Go Bankrupt: empires fall when debt stifles growth. I expect that the rate will not be lowered, portfolio position fixing will begin across the entire market, including precious metals and cryptocurrencies. As was the case in April 2025. The decline will be like in April 2025.