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by deaddodo 867 days ago
> Common misconception but the US does not pay for its navy by itself. That is done by the world using a ever overprinted currency for reserve and trade. The US can print aka lend that money to set a navy to work. The world pays for its police.

Common misconception that the US controls the world dollar. The Eurodollar has been where the world's trade has been pegged for half a century, the US simply benefits from a massive economy and it being their native currency.

This is like saying the US controls the world through ubiquity of "English" as a business language. No, but they definitely benefit from it. You can choose to speak any other language, or use any other reserve currency that you like.