[joejerryronnie]

In addition to the points you make above, having the world’s most trusted debt also helps to make the US dollar the world’s most stable currency, thus affording the US enormous influence in global fiscal policy. If contracts around the world started getting settled largely in Euros or Yuan, the US would find itself in a much less powerful position at the global negotiating table. As with most things in life, those who control the money have the power.