No. of Recommendations: 40
You are the reason the world no longer trusts America.
We don't care.
Nobody cares.
No American lies awake at night worrying what other countries think about us.
The thing about being the big dog is that de facto is what actually matters in the real world.
Plenty of people are lying awake at night worrying about the total destruction of our position in the world.
In financial terms, one big risk is that the dollar will lose its position as the global reserve currency. That could lead to devastating consequences. If every foreigner, countries, businesses, individuals, tries to flee from the dollar, it would quickly cause the U.S. to default on its sovereign debt or resort to a massive currency devaluation. You want to live in Argentina, Turkey, or Venezuela? I don't.
Up until WWII Britain was the "big dog" of the world and the pound sterling was the reserve currency. They couldn't keep it together after the war and they paid a huge economic and political price for it. The British couldn't stop the process. America is self inflicting the same thing, for no rational reason whatsoever.
Various European politicians have been saying "US President {insert name of current president} has upset us and is no longer the leader of the free world" ever since WW2.
This is completely false. Nothing close to the kind of collapse of trust we are seeing now has ever happened since WWII.
Elan
