Unfortunately, we have weaponized the SWIFT system, and have shown our willingness to seize foreign cash and metals on deposit in our banking system.
We do not have a hammerlock like never before. Trust has been destroyed. The Euro was invented in 1995. Back then we had 4.9 trillion in debt.
Today we are at 35 trillion and ad another trillion about every 100 days.
Our abuse of trust, and massive money explosion has ended that hammerlock. The dollar is no longer as sound as a pound... so to speak.
You beat me to it. What I would also point out is how well Russia has done financially after being kicked off of SWIFT.
But boots on the ground!
The usual heads I win/tails you lose.
Weaponized vs military action.
Putin has found out in spades how his grand plan to evade sanctions has fared.
Here’s a pic of it-
https://www.xe.com/currencycharts/?from=RUB&to=USD&view=2Y
At no time in world history except nuclear bomb days has the US been mightier relative to the rest of the world.
Europe is indefensible to a swarm of gnats. Russia is a regional gas station and China is a second world nation.
Sorry I meant to add that we’re borrowing at 4 1/2% with $200,000,000,000,000 of debt.
That’s objective soundness.
It s/b noted that when the dollar replaced the pound sterling as the world standard bearer beyond the UK not vanishing from earth-
the dollar was the obvious, bright shiny successor-
no such thing even currently exists.