The U.S. has run a trade deficit for 50 straight years. Most people think that's a policy failure. It's actually a structural requirement of running the world's reserve currency.
When every country needs dollars to settle trade and hold reserves, the only way to supply them globally is for America to import more than it exports. Economists call this the Triffin Dilemma.
This creates a brutal paradox for anyone trying to \"fix\" the deficit through tariffs. If you actually balance trade, you choke off the global dollar supply — triggering credit crunches, collapsing currencies, and cascading defaults on dollar-denominated debt worldwide.
The most likely response to that crisis? More money printing to flood the system with liquidity, exactly like the COVID response.
The Triffin Dilemma has no clean exit within the current monetary system. You either run deficits forever or break the global financial plumbing trying to stop. Bitcoin sits outside this trap entirely, and every print-squeeze-print cycle makes that harder to ignore.
I unpacked the full Triffin Dilemma and what it means for your bitcoin thesis in FIRE BTC → https://firebtc.io/p/trump-be-triffin-bro
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