But “rude” does no mean “inaccurate.”
The truth is, reserve currency status has nothing to do with “the size and strength” of America’s post-industrial, service-oriented, bubble-driven, third-world-sh**hole economy. Nor does it have anything to do with the alleged safety of US Treasuries” which– next to the dollar– is the biggest Ponzi flim-flam of all time.
The real reason the dollar has remained the world’s premier currency is because of the cartelization of Central Banking. The Western Central Banks are a de facto monopoly run by a small cabal of inter-breeding bottom-feeders who coordinate and collude on monetary policy in order to preserve their maniacal death-grip on the financial markets and the global economy.[1]
The reserve status of the U.S. dollar is coming to an end thanks to the geniuses who give us fraudulent elections, open borders, off-shoring of tens of thousands of American factories, plutocracy, and our unconstitutional Fedzilla catastrophe.
Who ever thought that the culmination of millennia of Western civilization would end in a vile, petty kleptocracy wholly dedicated to national destruction — and to the lie.
Notes
[1] “The War in Ukraine Marks the End of the American Century.” By Mike Whitney, The Unz Review, 6/7/22.
1 comment
I know someone who asserts that the US Dollar is backed by the US Navy.
Bang-up (literally!)job our best and brightest (or so they would have us believe) have been doing in keeping the Navy strong and fearsome.