USD as reserve currency is a hen that lays golden eggs.
The US maintains monopoly on this free money cheat through goodwill driven manufactured consent, diplomacy, financial bullying and military might. Each subsequent tool being more heavy handed & less preferred than the last. Heavy handed tools while effective, break more than they fix. This prudence sustains Pax Americana.
In 2025 America, good will is at an all-time-low. Mechanisms for classical diplomacy are being actively dismantled by Elon-Trump. Financial bullying is now the cudgel of choice. Pax Americana is under threat.
Post-WW2 peace is among mankind's most remarkable civilizational achievements. It isn't self-evident and it definitely isn't the historic norm. How long until nations start questioning the deal ? How many decades of work is being dismantled within days ?
May be hyperbole, but the locks on Chesterton-Pandora's box are being opened. It might work out, but Elon's aggressiveness seems so unnecessary at a time when the American economy is doing exceedingly well.
The US maintains monopoly on this free money cheat through goodwill driven manufactured consent, diplomacy, financial bullying and military might. Each subsequent tool being more heavy handed & less preferred than the last. Heavy handed tools while effective, break more than they fix. This prudence sustains Pax Americana.
In 2025 America, good will is at an all-time-low. Mechanisms for classical diplomacy are being actively dismantled by Elon-Trump. Financial bullying is now the cudgel of choice. Pax Americana is under threat.
Post-WW2 peace is among mankind's most remarkable civilizational achievements. It isn't self-evident and it definitely isn't the historic norm. How long until nations start questioning the deal ? How many decades of work is being dismantled within days ?
May be hyperbole, but the locks on Chesterton-Pandora's box are being opened. It might work out, but Elon's aggressiveness seems so unnecessary at a time when the American economy is doing exceedingly well.