There's a problem here. World depending so much on one country. It's a single point of failure.

The US has more foreign dependencies, than it has countries depending on it, on every level except military.

And even then, a lot of its military dependants are just kidding themselves that the seps will come to their aid if required.

Its ephemeral.

ares623 3 days ago | parent | prev | next [-]

Up until recently it was a good trade-off.

The US sold trust, and it burned it all up for someone's ego. Unfortunate.

	▲	testrun 3 days ago \| parent \| next [-]
		This is the crux of the problem. The value of US treasuries and the USD is based on the trust of the world in the US. Now, who knows what will happen to the USD. Will have to wait and see.
	▲	freefrog334433 2 days ago \| parent \| prev [-]
		Freezing Russian assets was the beginning. Sanctions against Russia backfired, cutting them off from SWIFT encouraged alternatives as did Lloyd's of London refusing to insure Russian ships. All it did was make the non-NATO world develop alternatives.

herbst 2 days ago | parent | prev | next [-]

But does it really or is it just something Americans learned to think? Everything is still well here in Switzerland.

3 days ago | parent | prev [-]

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