alt Hacker NewsIs the US dollar losing its dominance? The answer is both A) yes and B) it doesn't matter.
Yes, US dollar is losing a bit of power and influence. This is likely to continue.
Making inferences about the US global dominance based on this fact is misguided. US global dominance is as strong as ever and, if anything, getting stronger. US has very successfully managed to move the game a level above currency, to direct governance via financial, legal, political and military means. It has made any meaningful competitors either entirely irrelevant (e.g. Russia), pretty well aligned (e.g. India) or pretty well contained (e.g. China) It's blue skies ahead.
Replies
USA is doing everything in its power to make Russia great again. It was in great position to make it irrelevant, but it has choosen to make itself Russia like and snatch defest out of the jaws of victory against Russia .
> direct governance via financial [means]
This is going to disappear if USD is no longer the dominant currency.
As strong as ever…
The US has a strong military but its dominance position is declining rapidly. It’s going around threatening the whole world.
It’s failing to effectively address their problem with China and Russia.
Domestically, 60% of Americans live paycheck to paycheck, you have ICE running around and Medicaid being slashed to afford that.
All the leaves are brown…