ONLY USD can be the GLOBAL RESERVE CURRENCY #profjiang #predictivehistory #globaleconomy #usa

Added: 2026-05-17

[00:00:00]So the global economy is just going to fracture. This is again, no one's willing to accept the cost to be the global reserve currency. The basis of the global economy is the US dollar. The US dollar is basically a contract system. So when I use US dollar, basically it's a contract that our trade will be honored. But with a contract system, you also need an enforcement mechanism. Meaning, if you don't honor the contract, then someone has to come beat you up. That's what the US military's for. There are certain problems with this system. The first problem is that it's actually very costly to create a contract system. Why?

[00:00:32]Because you're absorbing all the risk, which causes inflation. The second problem is the military. The military must be willing to fight any wars around the world at any time. Is there any nation in the world, besides America, that's one, willing to absorb the cost of creating contract system, and number two, that's willing to fight a war to enforce this mechanism anytime, anywhere in the world? And the answer is, hell no. So the idea that anyone is going to come and said, "Oh, you know, we'll just take over the system, whether it be Russia or China." That's just No one's going to replace America.