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When Great Britain faced the Suez crisis with Egypt in the 1950s the USA had already emerged from WW2 as the dominant global manufacturer, buyer of commodities and holder of gold reserves.
But bankers still predominantly used the British Pound to settle international trade payments.
However when Britain asked the US for help to deal with the Suez standoff, the US said No.
The Brits inability to control shipping routes ended the global monetary dominance of the British Pound Sterling by exposing Britains lack of effective power projection.
It was the last nail in the coffin of The British Empire.
Settlement of trade payments in the rising powers currency lags its mercantile rise- but it almost inevitably follows gaining dominance in trade.
China won the trade war.
USA cannot control Hormuz.
The end of the USD-Petrodollar is imminent.
We did more than just say No. The Republican President started selling off British bonds and it became physically impossible to continue the war, not just politically unappealing. You don't have that kind of leverage.
Maybe China will accelerate their selling off of USTs...
Who even buys USTs these days?
Must be crazy.
End of US empire...
Dang.
Israel Is Rationing Its Best Interceptors—and Iran’s Missiles Are Getting ThroughIsrael Is Rationing Its Best Interceptors—and Iran’s Missiles Are Getting Through
Who even buys USTs these days? Must be crazy.
They're stupid. If a country is at war with you don't buy their bonds. The US is serious. They're trying to permanently discredit communism as an ideology by any means necessary. Your inaction and blind faith in the legacy communist order is what drives both the military and narrative victories.
If China sells all their USTs, USA would be insolvent.
They have you over a barrel...just like the Zionists.
China won the trade war.
Is winning the Middle East war.
And has already won the bond war.
You owe them.
CCP are not communists.
USA is a confused loser.
So if Egypt is Iran, and the US is Britain, who's the US? Where is the young rising power who will pressure us to stop? Isn't that supposed to be you? But you're doing nothing, sooooooo.....