美国激进计划：主动贬值300%清零美债，霸主屈身变乞丐

Core Insights - The U.S. federal government's interest payments on national debt have surpassed defense spending for the first time in history, with interest payments reaching $879 billion in FY2023 compared to a defense budget of $820 billion [1] - A significant trend of capital outflow from U.S. debt is observed, with major Nordic pension funds reducing their holdings due to concerns over U.S. government unpredictability and rising debt levels [3][4] - The dollar's dominance in global reserves is declining, with its share falling to 56.92% by Q3 2025, the lowest since 1995, while gold holdings by central banks have surpassed U.S. Treasury securities for the first time in decades [6][7] Group 1: U.S. Debt and Interest Payments - The U.S. national debt has exceeded $38.5 trillion, equating to approximately $113,000 per citizen, growing at a rate of nearly $72,000 per second [7][8] - Interest payments for Q1 FY2026 reached $270.3 billion, averaging $29.4 billion daily, with projections indicating annual interest payments could exceed $1 trillion for the first time [8][10] - The rising interest burden is attributed to the refinancing of low-interest debt issued during the pandemic, which is now maturing in a high-interest rate environment [10] Group 2: Global Investment Trends - Major global investors, including pension funds from Sweden and Denmark, are divesting from U.S. debt, with significant reductions in holdings due to fears of U.S. fiscal instability [3][4] - A survey by Morningstar indicates that 40% of institutional investors are reducing their exposure to dollar assets, with concerns over U.S. trade policies and government actions being primary factors [3] - The trend of capital flight is leading to increased investments in gold and other non-dollar assets, reflecting a shift in risk perception among global investors [4][6] Group 3: Economic Implications of Dollar Depreciation - There are discussions within Washington about a drastic 300% devaluation of the dollar as a potential solution to the debt crisis, which could significantly reduce the real value of U.S. debt [11][12] - Such a devaluation would lead to skyrocketing prices for imported goods, severely impacting the cost of living for American households and eroding the value of financial assets held by the middle class [12][14] - The potential for a dollar devaluation raises concerns about the long-term credibility of the U.S. as a stable currency issuer, which could accelerate the global trend of "de-dollarization" [14][18]