特朗普收到两个噩耗，44州与联邦债务划清界限？拉美开始去美元化

Group 1 - The core issue revolves around the acceleration of de-dollarization globally, influenced by the Trump administration's control over monetary policy, diminishing the Federal Reserve's authority [2][11] - Uruguay's central bank is actively promoting de-dollarization by encouraging citizens to reduce reliance on the dollar, citing its negative impact on personal wealth and the national economy [2][4] - The U.S. national debt has reached $38.5 trillion, nearing the $40 trillion mark, which raises concerns about fiscal sustainability and the potential for economic pain during the de-dollarization process [4][6] Group 2 - The Federal Reserve has ended its quantitative tightening policy to alleviate pressure on the Treasury, now purchasing approximately $40 billion in U.S. debt monthly [6] - By 2025, interest payments on U.S. national debt are projected to exceed $1.1 trillion, surpassing defense spending for the first time, indicating a severe fiscal imbalance [7] - A growing number of U.S. states are initiating de-dollarization efforts, with 19 states calling for a constitutional convention to impose fiscal constraints on the federal government, reflecting a deepening trust crisis in Washington's fiscal management [9][11] Group 3 - The IMF reports that the dollar's share in global central bank reserves has fallen to 56.92% as of Q3 2025, down from around 71% at the beginning of the century, indicating a significant decline in the dollar's global dominance [9][11] - The Trump administration's response to the challenging economic environment includes prioritizing asset preservation over currency stability, which has inadvertently accelerated global de-dollarization efforts [11]