Storm clouds gather over America's financial supremacy

(economist.com)

46 points | by pseudolus 1 hour ago

6 comments

  • clayhacks 1 hour ago
    The article doesn’t mention it, but related is the global share of the US dollar as the reserve currency has been on a steady decline. Between that and the new payment structures discussed in this article we are rapidly approaching an era without American control on global financial systems. Which is a significant lever for soft power and non-military interventions
    • inference-god 57 minutes ago
      Yeah, Americans will have to feel the same way as everyone else, basically not having access to unlimited credit. Have fun with it.

      At least the libs were owned though :)

      • johnea 11 minutes ago
        Truly.

        "Make the libtards cry"

        Was enough of a hate monger campaign promise to put the most blatantly corrupt president in US history in office.

        The descent of the US population into abject idiocy has been striking.

        • archonis 1 minute ago
          Smartphones in dumb pockets made it all possible.
  • mertbio 50 minutes ago
    Not sure how visible by the people in the US but a lot of companies and governments in Europe are working on many projects to decouple from the American companies for the critical infrastructure.

    Visa and Mastercard were mentioned in the article but I would also add PayPal into the list.

  • pseudolus 1 hour ago
  • Havoc 49 minutes ago
    Was always gonna happen, but recent US unreliability has definitely accelerated it
  • hirvi74 25 minutes ago
    I suppose if one makes this prediction every year, he or she is bound to be right eventually.
  • inference-god 58 minutes ago
    How weird, strange ?