Those who loudly proclaim "America First" and call for the US to stop acting as the world's policeman sound idealistic, but the reality is much more complex. Holding the position of global reserve currency is never free.
What is the foundation of monetary hegemony? Hard power. Without strong military and political influence, you simply cannot maintain reserve currency status. Both history and current events prove this point.
So the question is simple: if you accept giving up this global financial advantage, then we can discuss whether the US should reduce its involvement in international affairs. But if you want to preserve the benefits of reserve currency status, you must recognize the costs. The two cannot be achieved simultaneously.
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governance_lurker
· 10h ago
In plain terms, you can't have both; the dominance of the US dollar essentially relies on military backing.
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ChainWatcher
· 10h ago
This is a typical "wanting to have both the fish and the bear's paw" logic. In plain terms, dollar hegemony is built on military dominance. If you want to reap the benefits without putting in the effort, you're just dreaming.
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GasWastingMaximalist
· 10h ago
Basically, it's just about wanting to monopolize, maintaining dominance while pretending to be innocent.
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Rugman_Walking
· 10h ago
Basically, it's like wanting to have the cake and eat it too. There's no such good thing in the world.
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SignatureLiquidator
· 10h ago
Exactly right, the dollar hegemony is just like that; you can't have your cake and eat it too.
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MidnightGenesis
· 10h ago
On-chain data shows that dollar dominance is like code in a smart contract—without deleting certain key functions, it can't run... With such a high degree of coupling between military and finance, trying to decouple? Unsurprisingly, it will collapse.
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ser_ngmi
· 10h ago
You're not wrong. The dollar hegemony is maintained exactly this way. Want to cut military spending and keep financial dominance? Dream on.
Those who loudly proclaim "America First" and call for the US to stop acting as the world's policeman sound idealistic, but the reality is much more complex. Holding the position of global reserve currency is never free.
What is the foundation of monetary hegemony? Hard power. Without strong military and political influence, you simply cannot maintain reserve currency status. Both history and current events prove this point.
So the question is simple: if you accept giving up this global financial advantage, then we can discuss whether the US should reduce its involvement in international affairs. But if you want to preserve the benefits of reserve currency status, you must recognize the costs. The two cannot be achieved simultaneously.