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epistasisyesterday at 3:46 PM1 replyview on HN

What is the theory of how the US Navy keeps the dollar the reserve currency, when the US has made itself a pariah state? What mechanism? Would the US Navy be doing piracy and demand protection money in dollars? Piracy payoffs would be a far far lower demand for dollars than there currently is and, and also greatly reduce all other trade with the US, further reducing demand for US dollars.

Really curious what your reasoning is here.


Replies

jimnotgymyesterday at 5:12 PM

I think it works as a statement right up until you start an actual war, then the threat is gone. No point worrying US will invade if you don't support it economically, if it already invaded