Shades of the fading British Empire about 55 years ago.
The British Empire ruined itself by too many commitments, too many allies, too many interventions. They did not heed the wise warnings of the great Conservative PM, Lord Salisbury, of the danger of national exhaustion through endless involvements in foreign strifes.
The time of the petro dollar reserve currency status is over.
We are living history.
Yep.