In this urgent and meticulously researched work, author Josh Luberisse uncovers how the U.S. dollar’s role as the world’s reserve currency has created a precarious “single point of failure” for the global economy. From trade settlements in Jakarta to sanctions enforcement in Lagos, the book reveals how every financial transaction—from wheat cargoes to bond coupons—relies on a fragile network centered in New York, leaving nations, corporations, and citizens exposed to cascading crises.
Drawing on deep analysis of the financial architecture, Luberisse dissects everything from the “shadow pipelines” of FX swaps and repos to the mechanics of how the Treasury’s Office of Foreign Assets Control (OFAC) can weaponize dollar clearing to freeze assets beyond U.S. borders. He details how the Federal Reserve has been forced into the role of a reluctant “offshore lender-of-last-resort,” extending hundreds of billions in emergency swap lines to foreign central banks during crises.
While not a polemic against American power, “The Dollar Fault Line” argues that the system is now threatened by novel, non-market catalysts, where climate-driven disasters, sophisticated cyber-attacks, or a U.S. debt-ceiling standoff could trigger a liquidity cascade faster than policymakers can react. The book concludes with pragmatic policy solutions for governments, institutions, and citizens to build resilience—before the next crisis strikes
A spokesperson for Fortis Novum Mundum stated: “‘The Dollar Fault Line’ offers a vital new perspective on a critical global issue that is hiding in plain sight. It is a must-read for policymakers, financiers, and any citizen concerned about the stability of our interconnected world.”
“The Dollar Fault Line: How America’s Currency Became the World’s Single Point of Failure” is available now for purchase through major online retailers and bookstores.
About Fortis Novum Mundum:
Fortis Novum Mundum is a visionary publishing house dedicated to bringing the most relevant and transformative ideas to a global audience. We support authors who challenge the status quo and offer new perspectives on critical global issues.
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