Comment by lenkite

> maintaining the position are two entirely different sets of challenges.

I will give full credit to the golden generation of Americans and the generation before that. They built America on true merit and efforts. However, maintaining the position was easy for the boomer and subsequent generations - break the Bretton-Woods agreement and shatter the gold standard after the USD obtained the throne of the world's reserve currency. This enabled the US to print infinite amounts of money and pile up unlimited debt and use the cash to sponsor any investment, any amount of social-security, buy anything and have the largest defense budget - so they can stomp anyone they want, heavily sponsor "regime change" - and still have relatively low inflation. The rest of the world just needs to grin and bear it.

As a non-American, I am really hoping for de-dollarization and fully independent payment networks completely separated from the West. The Russia-Ukraine war and Trump sanctions has gotten us around 10% of the way there. Only then shall one see the real effect of that $33 trillion debt.