>Europe outsources defense to the US, but the prize for the US being a top military power is also having the top currency. Almost all world banks have to report

>Europe outsources defense to the US, but the prize for the US being a top military power is also having the top currency. Almost all world banks have to report to US inquiries about account information, but no US bank has to do that for abroad. Europe's failure to spend sufficiently in its defense has absolutely nothing to do with the US dollar's role as the global reserve currency.