US Treasury Secretary Scott Bessent outlined "Operation Economic Outcast," a phased sanctions campaign targeting Iran’s cryptocurrency, technology, gold, aviation, and shipping sectors, while warning third countries to cut ties with Tehran or risk losing access to the US dollar.
Currency Collapse Indicator Model: US 2026 worse than Venezuela 2017. Ready for shock therapy?
» Scott Bessent looks to be intentionally crashing the $. I studied currency collapses and found that there were 7 indicators that preceded every major currency collapse in modern history. I then measured the US dollar against those 7. And as of right now, based on what Scott Bessent did last week, we have hit all 7 indicators. No country in modern history has met all 7 and avoided a currency collapse. None. And this doesn't look to be happening to us, it looks to be being done to us, by the people who swore an oath to prevent it. And they are getting rich while they do it. «
» Why would I want to blow up the global financial system? «
Bessent's recent doubling of bond buybacks and sanctions have been cited as potential warning signs, alongside indicators such as high debt-to-GDP, declining reserves, and political interference, with charts comparing the US to historical cases. Reactions split between alarm over a potential dollar squeeze—fueled by China's reduced Treasury holdings and increased gold purchases—and pushback emphasizing the dollar’s unique reserve-currency status and the subjectivity of such models. Markets have reflected the debate, with a weaker dollar coinciding with gains in gold and Bitcoin as concerns persist over the $40 trillion national debt.
debt is outrunning growth every single year.
See also:
Karl W. Miller (August 26, 2026) - Global Diesel Breakdown: Energy shock will move through fertilizer into food supply.
Michael Hudson (August 20, 2026) - Why Time Is on Iran, Russia and China's Side.
Michael Hudson (August 20, 2026) - Why Time Is on Iran, Russia and China's Side.
