Quote:
Originally Posted by indes
Wasn't there quite a bit of discussion about the US losing a lot of their "soft power" under Trump's government? It does seem like the influence of the states is waning and imo the USD as the world reserve currency has reached the end of the line.
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The US is purposely taking a more isolationist approach. That plus but being oil dependent will automatically result in them being less influential in the middle east. The Saudis also informed the US of this deal the whole way through.
This is also just as much about the Saudis losing influence. They've lost control of many of their proxy armies. They no longer have the US by the cahones. They've been powerless to resolve the many ongoing civil wars surrounding them and spilling into their borders. They are trying to get out of their rut by starting a bunch of mega projects, that look totally doomed
At the end of the day China will never replace the USA, because their weapons are vastly inferior. You can make deals with China will your want, where does that get you if there's no answer to the nations being supplied by the USA. Plus China has fundamental structural problems that are likely going to cripple it's ability to maintain economic growth.
I also disagree about the USD being replaced as the world reserve currency. There aren't any other good options. You'd have to be crazy to use the CCP controlled Yuan. The Euro is just not stable enough, and the EU has lots of its own issues.