politics
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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.