1. United States
2. Iowa
3. Letter

Urgent action is needed to restore faith in America's economic leadership and the long-term stability of the dollar. Recent policies have significantly undermined market confidence, with the dollar depreciating over 10% this year - its worst first-half performance since 1973. Unsustainable fiscal policies ballooning the deficit, lack of concern over rising inflation, and threats to debt repayment have rattled investors. Gold prices surged over 25% as the dollar weakened. Treasury yields remain elevated despite stock volatility, signaling decreased appetite for U.S. debt. Unless this reckless economic direction is swiftly reversed through responsible fiscal management, credible inflation-fighting, and assurances about debt obligations, a full-blown dollar and bond market crisis seems inevitable. The privileged status of the dollar cannot be taken for granted - concrete legislative action safeguarding its global preeminence is crucial for America's economic future.