The U.S. has a leverage ratio of approximately 20-to-1 debt (roughly 120 trillion in debt held domestically and offshore against 5.8 trillion in base money), not counting derivatives, creating inflexible demand for dollars that perpetuates dollar dominance through network effects.

factualpending

Speaker

Unidentified Speaker — How China Trade Policy Reshapes U.S. Dollar Dominance | Lyn… [thiqZa7gVhw]

Evidence Quote

we have 5.8 trillion in base money and over uh let's say 120 trillion in debt held domestically and offshore entities holding US debt

Source

How China Trade Policy Reshapes U.S. Dollar Dominance | Lyn AldenTFTC
Created: 8/11/2026, 7:28:00 AM

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