Not really, domestic consumerism is significant but it isn’t anywhere near enough to bring US currency to world reserve status. American treasury bonds are the safe and steady investment of choice for institutions and sovereigns all over the world, and they’re safe and steady because the US military will force it’s way through any obstacle to US hegemony. That’s the real dollar engine and it really does come back to violence (Like everything in capitalism).
Not really, domestic consumerism is significant but it isn’t anywhere near enough to bring US currency to world reserve status. American treasury bonds are the safe and steady investment of choice for institutions and sovereigns all over the world, and they’re safe and steady because the US military will force it’s way through any obstacle to US hegemony. That’s the real dollar engine and it really does come back to violence (Like everything in capitalism).
The number of people who don’t realize that the US dollar is an imperialist currency in 2025 is insane! Do they even know about the CFA Franc?