We went off the gold standard, the better to run yuge deficits to build Heaven On Earth.
How to make SURE the rest of the world would continue to take our green papers..?
Strike a bargain with Saudi Arabia:
You guys insist on ONLY green papers for your oil. And since you’re spoiled rich brats with not so many people, we’ll send our farm boys to defend you guys when you get into trouble.
“DEAL..!”
And THAT is how we became mercs to Saudi Arabia.
The solution would be to get our financial house in order and banish roles for which our gummint was not intended.
Make no mistake:
They DO see us as Errand Boys.