Storm clouds gather over America's financial supremacy

(economist.com)

47 points | by pseudolus 2 hours 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 1 hour 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 32 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 22 minutes ago
          Smartphones in dumb pockets made it all possible.
          • johnea 6 minutes ago
            I think it almost doesn't matter what pockets 8-/

            The routinely noted decline in US "educational achievement" correlates most closely, with the propagation in the school aged population, of "smartphones" and the algorithmic websites at which they're aimed.

            I've been saying lately: Apple caused eh collapse of US educational outcomes.

  • mertbio 1 hour 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 2 hours ago
  • Havoc 1 hour ago
    Was always gonna happen, but recent US unreliability has definitely accelerated it
  • hirvi74 45 minutes ago
    I suppose if one makes this prediction every year, he or she is bound to be right eventually.
  • inference-god 1 hour ago
    How weird, strange ?