What is the United States doing to prepare for the inevitable day when their dollar is no longer the world's reserve currency?
Answered by: Sylvain Saurel,former https://sylvainsaurel.substack.com/
The United States is well aware that being the world's leading power is essential to guarantee its standard of living and the success of its multinationals.
As long as the U.S. dollar is the world's reserve currency, the United States will have an exorbitant privilege over the rest of the world. This forces other countries to pay for America's standard of living outright.
To protect this status, Americans invest massively every year in the military.
The United States remains by far the country that spends the most money in this area every year:
The United States spends more than $700 billion each year to ensure that it remains the leading military power.
It is often said that the U.S. dollar is backed by the U.S. military.
That says it all.
As soon as something threatens the monopoly of the U.S. dollar, the U.S. is ready to bring in its powerful military. That's why China has also decided to invest massively in this area to catch up.
Without a powerful army capable of keeping the Americans in line, China will never be able to achieve its goal: to become the world's leading power by 2030.
As such, the Cold War that is beginning between China and the United States is worrisome. One wonders how far the Americans will be willing to go to prevent the emergence of China as the world's leading power.
The use of force is not to be excluded.