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World reserve currency is backed by massively outsized military spending and forever wars againdt anyone treathening the hegemony. The only way out is to actua
by PeterStuer 1y ago
World reserve currency is backed by massively outsized military spending and forever wars againdt anyone treathening the hegemony.
The only way out is to actually start creating and exporting something else besides war, weapons or weapon backed 'IP', or 'credentials' (degrees).
The credibility of the credentials has gone down the toilet.
To get the world to actually buy real stuff from you, you have to produce goods they actually want.
Not sure the US is actually ready to re-uptake 'manufacturing' of products at a quality and price point the rest of the world sees as good value.