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Well, we still have the largest and deadliest army in the world (by orders of magnitude) and the US dollar is the world’s currency. So, while our diplomatic inf
by joejerryronnie 6y ago
Well, we still have the largest and deadliest army in the world (by orders of magnitude) and the US dollar is the world’s currency. So, while our diplomatic influence may have waned a bit, the US still exerts the lion’s share of hard and soft influence around the world.
- abfan1127 6y agoI thought China had a larger army? https://www.brookings.edu/articles/chinas-hollow-military https://www.brookings.edu/articles/chinas-hollow-military
- joejerryronnie 6y agoChina is significantly upscaling their army in terms of numbers, technology, and capability - and will be a real threat to the US in a decade if left unchecked. But for now, the US army has far greater destructive force and reach than China.
- mattlondon 6y agoDollar is not the currency where I live.
- joejerryronnie 6y agoYou may not use dollars locally but most international transactions are priced in US dollars, giving the US a tremendous amount of influence in the global financial markets.
- strogonoff 6y agoThe “world’s currency” description is valid in the sense that USD so far remains the main settlement currency in international trade (with China trying to replace it with RMB within its sphere of influence). Also, a fun fact I just learned: apparently, the majority of dollars in paper form is held by people outside the US.