economy

March 9, 2026

Ron Paul: Will the Dollar be a Casualty of the Iran War?

A loss of the reserve currency status will cause a dollar crisis, leading to an economic crash worse than the Great Depression.

Ron Paul: Will the Dollar be a Casualty of the Iran War?

TL;DR

  • The war in Iran is increasing gasoline prices, which raises transportation costs and the prices of goods like food.
  • The U.S. government is spending approximately $891.4 million per day on the Iran War, with a $50 billion supplemental funding request anticipated.
  • Increased war spending will add to the national debt and may pressure the Federal Reserve to maintain low interest rates.
  • Other countries may reduce their purchase of U.S. debt due to concerns over economic instability and U.S. foreign policy.
  • A potential loss of the dollar's reserve currency status could lead to an economic crash.
  • The article suggests that free markets, limited government, and peaceful international relations are keys to peace and prosperity.

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