The dollar’s reserve status yields leverage – at hidden cost. An economic reckoning reveals the trade-offs embedded in monetary dominance.
In some corners of the political imagination, the dollar has become a grand theory of everything – not a currency, but a convenient, catch-all, virtually cosmic culprit.
Every sanction, every covert operation, every warship dispatched toward some far-off horizon is traced back to a single, hidden animating force: the need to defend the world’s monetary throne.
From long-past wars of choice to the latest flashpoints – sweeping in events as dramatic, and geopolitically fraught and contested, as the 3 January…
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