Lost in the conversation around recent currency/energy news, is the question of whether the current system of dollar hegemony is even good for the US.

The conversations just assume that is is, and discuss the risks of losing it.

Dollar hegemony increases our import power and decreases are export competitiveness, which feels good but hollows out our industrial base over decades.

It’s important for DC and the military industrial complex, while harming domestic manufacturing.

Around the margins, global diversification of central bank reserves and payment rails is bad for “USA the Empire” but not bad for “USA the Country”.