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As soon as India see China is loosing they will likely use that to settle all the open territorial disputes quickly. The US winning just cements the dollar dom

• rcarr 3y ago
  > As soon as India see China is loosing they will likely use that to settle all the open territorial disputes quickly. This has fairly similar parallels to what happened in WW2 though. US entered the war mid way through after Pearl Harbour and helped win the war, theoretically India could do the same. > The US winning just cements the dollar dominance in the world. Again, in WW2 the UK was the dominant currency, was on the winning team, but lost dominant currency status because the debts amassed were too large that it no longer had enough money to maintain the infrastructure necessary and service the debt so other countries sold off their holdings of GBP debt in favour of the safer haven of the US.
  • seanmcdirmid 3y ago
    The UK was in pretty bad shape after WW2, and accelerated dismantling its empire (so it was mostly gone by 1949). The US never had an empire to begin with, and was relatively untouched by WW2. They lent a lot of money to help Europe and Japan rebuild, the rest is history.
    • rcarr 3y ago
      The US doesn't have a traditional empire but it does spend a lot of money on international military bases as well as protecting strategic infrastructure and resources across the globe. It's difficult, if not impossible, to maintain that kind of global influence and service stratospherically high debts simultaneously. In that scenario, spending money to resolve internal problems always ends up taking precedent over global influence and other countries with rising bank balances step in to fill the void.