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Sabinus12/11/20253 repliesview on HN

>Military might is the thing keeping the USD the world reserve currency instead of the GBP, EUR or Yuan. It's literally the core keeping the US economy and prosperity.

No it's not. The size of the American economy, it's extensive trade, the independence of the Central Bank and the rule of law and commitment to paying debts do that. Americans do not force anyone to trade in USD.


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Supermancho12/11/2025

>>Military might is the thing keeping the USD the world reserve currency instead of the GBP, EUR or Yuan. It's literally the core keeping the US economy and prosperity.

> No it's not. The size of the American economy, it's extensive trade, the independence of the Central Bank and the rule of law and commitment to paying debts do that. Americans do not force anyone to trade in USD.

The OP is correct, historically. US might, albeit aimed at anyone attempting to disrupt trade, WAS the basis for US hegemony. The US effectively policed the largest oceans, ensuring world trade was reliable and cost-stabilized since WW2. As long as you dealt in USD, you were supported. A type of soft influence that was very effective.

This has been disrupted recently. The US has declined to re-invest in the navy (ship construction has almost bottomed out), routed most of the navy to east asia, and antagonized other nations by disrupting agreements that could have sustained on momentum. This year's farming subsidy (to the tune of 12 billion) is due to those abandoned agreements, paired with unnecessary antagonism.

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raxxorraxor12/11/2025

That is naive, it is much more about the US hegemony and mainly about their military might. I would be good to sometimes reach such a state, but as of today it is not.