The Impact of the declining international reputation of the US government

Writes Simon Black of the Sovereign Man (bold mine)

It’s amazing when you step back and look at the big picture.

The Russians are preventing a US military invasion. The Chinese actually have to step in and say something publicly to ensure that the US government pays its bills. The Brazilians are too disgusted to even visit Washington DC.

What a completely different world we live in, even compared to just 10 or 15 years ago.

Think back to the late 90s. The US really was the pinnacle of civilization. The government was beginning to pay down its debt. America’s reputation was unblemished. And to most foreigners, the US economy was the envy of the world.

What’s happening today would have been unthinkable back then. But it just goes to show how quickly things can unravel.

It’s tremendously important that the reputation of the US government is sinking to an all-time low internationally.

Remember, the reason that the US Federal Reserve can print trillions of dollars is because the rest of the world has for decades been willing to accept dollars for international transactions and sovereign reserves.

Nearly every government and central bank on the planet has a big pile of dollars stashed away.

The US government seems to think that this arrangement will last forever, and that their actions are without consequence. Nothing is further from the truth.

As the US government’s international reputation craters after one embarrassing episode after another, other nations are beginning to no longer trust the US, whether it comes to spying or managing a sound currency.

This puts the US dollar at even greater risk of quickly losing global reserve domination, and along with it, the ability to print money without damning ramifications.

As history has shown so many times before, this is exactly how the end begins.