this post was submitted on 10 Sep 2026
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This is only true as long as the USD remains the world's reserve currency.
Something that has not been a sure thing lately.
Modern Monetary Theory is great... If you're the world's superpower, and your money runs everything.
Unfortunately, we are actively dismantling this status for quite literally no reason.
This is true as long as the debt is in USD, superpower or not.
Does the superpower status mean countries are coerced into using US currency like the Petro dollar system? Yes, but that's secondary.
There is a reason. Get rid of the middle man so a handful of oligarchs can control currency directly.