“The big secret is that pony been dead for a while”
Except it isn’t at all. 90% of international trade last year was in dollars. Same as it has been for 70 years.
Doomers like Goldman have been predicting its collapse for decades now, and have been wrong every time.
Maybe it will someday, but there are zero actual indications of that so far.
No we owe way more than the value of our production as a deficit by a orders of magnitude. the economies been dead for quite sometime they’ve been printing money to keep it alive or at least keep it looking like it was alive