Expert Warns Uncontrolled US Spending Threatens Dollar's Global Standing
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US government spending is increasing the national debt and threatening the US dollar's global reserve status.
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Jeffery Gundlach warns that rising debt and interest costs could jeopardize the future of the dollar.
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The BRICS economic alliance is seeking to limit reliance on the US dollar, which could be reinforced by US debt concerns.
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Gundlach says out-of-control US spending could lead to dollar instability and high inflation.
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US must get spending under control to secure dollar's reserve status and avoid ballooning interest costs.