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> Countries have realized that US dollars is not a safe store of value (aka reserve currency) because of decisions taken by the US administration vis-a-vis its
by johnvanommen 3y ago
> Countries have realized that US dollars is not a safe store of value (aka reserve currency) because of decisions taken by the US administration vis-a-vis its sanctions regime.
Another thing that really doesn't get enough attention, is how recent events have jeopardized the peace that the United States Navy has provided for 70+ years.
I don't think that most people appreciate the role that the Navy plays in the world, basically creating a situation where the United States provides security to seafaring vessels all over the world, in exchange for an unspoken agreement that other countries won't build a massive navy. Of course, this state of affairs was in response to Germany and Japan building massive navies in the years following WW I.