All of these financial 'privileges' are based on the US having the world reserve currency and petro dollar. The US in the unique position of being able to 1. Print Money. 2. Externalise inflation. 3. Ensure a base load demand for it's currency based off a worlds need of oil.

These privileges were supported wholeheartedly by all the worlds 'middle' powers e.g. Canada, Australia, Japan, Germany, Spain, Sweden etc. Thus establishing a world order.

The US has seemingly turned on all these middle powers for no reason, decided the world order needed to change when it was already #1. The US will of course still be a superpower but it is going to lose it hegemony.

THANK YOU!

So many people, including very intelligent and well-informed ones, do not understand this. The US gets truly outsized benefits from having the reserve currency.