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It is always cringeworthy to hear Americans call themselves "the world economic anchor" Or the "world police" Fucking manifest destiny, national narcissistic exceptionalism is one of the main reasons for the collapse of the US empire. At some point in the future they will need to pull their heads out of their own asses to learn some humility and humanity.
"Leader of the free world" is so arrogant and cringe
The expression “world economic anchor” is meant literally and factually: the United States are the world's strongest consumer market and therefore drive demand and economic activity like no other, and, more importantly, the US dollar and Treasuries serve as a reserve currency and asset, respectively, for both central banks and private investors. This arrangement is unfair, in its own macroeconomic ways that have nothing to do with exceptionalism, manifest destiny or cultural superiority, to both the rest of the world, who end up funding the United States, and common US denizens, who suffer from inflated assets.
I was talking about the comments under article as well as the article itself. The arrangement of the dollar as global currency did not came by coincidence or a strategy to victimize the poor wittle amewican citizens; it was policy. So much so that this policy was imposed in many parts of the world. There is a reason why te United states is so afraid of Brics And de-dollarization. It is good news for the world That America is loosing grip on their empire, It is good news that countries around the world are choosing to drop the dollar as reserve currency and it is especially good news that America could be weak enough to stop dictating economic and political policy. Particularly an economic policy that benefits them.
We need other economic blocks and options when it comes to banking and investment. We need to stop a country from dictating other countries who they should do business with or deciding what country should be isolated like it's happening to Cuba. I welcome less american control and they can take their victim butts behind their borders and close them down if it means they will stop meddling with the world.
Well, the Brits still retain a large chunk of the arrogance that came with the Empire they no longer possess. So I wouldn't hold my breath. #1 baby!
A powerless arrogant at least we can laugh of. And I do like myself some British comedy. as for #1 keep telling yourself that as the empire crumbles.
Regardless of how you may feel about it, that's how the governments of most other Western countries saw it. This is evidenced by US bases all over the world, low investment in national defense by most NATO countries, the dollar being the world's primary reserve currency, etc.
The diminishment of global influence and power is not because of those things, but because of domestic affairs: in the richest country in history, businesses broke the social contract with workers, the cost of health care skyrocketed as hospitals became for-profit business, and half the country was too brainwashed by consolidated media conglomerates to see what was really happening.
Basically, the libertarian values that have always been the underpinnings of American society finally reached their apotheosis at the same time the Internet and propagandist entertainment news caused the cultural fabric of society that had formerly acted as a counterweight to begin to unravel. Every man for themselves writ large. The chickens came home to roost.
I'm afraid we are only going to learn the hard way. I pray that as few innocent's are hurt as possible.