larry johnson shows you some of the blowback from our foreign adventures. inflation; 

 

It is good to have smart friends. Jeffrey Wernick, the owner of Bitchute, is one of my exceptionally smart friends and he just posted on his X account the following brilliant analysis. The 54-year reign of the US dollar as the world’s preeminent reserve currency is coming to an inglorious end and we, the American people, only have ourselves to blame:

The dollar’s reserve status is an exorbitant privilege. It lowers our borrowing costs, expands our fiscal room, and lets us export risk and import goods on uniquely favorable terms. But privileges are not entitlements. They are conditional. And they come with responsibilities. A reserve currency must satisfy three conditions. Liquidity, stability, and neutrality. The United States has always provided the first two. The third was assumed. It is no longer assumed.

A reserve currency is not just national money. It is global infrastructure. It functions like a public utility for settlement, collateral, and reserves. The responsibility is not “be nice.” The responsibility is to keep the system credible as neutral plumbing. Predictable rules. Stable access. Property rights that are not contingent on politics. If the world is going to hold your liabilities as its safety buffer, you cannot treat those liabilities as a lever of coercion.........more............