The United States’ global influence does not rest solely on its military might or technological innovation. At its core lies a delicate financial system—a cycle where US dollars flow outward through trade deficits, debt issuance, and overseas military commitments, only to return via exports, foreign investment, or purchases of American assets. When this cycle functions smoothly, the US dollar’s dominance endures. When it falters, the foundations of U.S. power begin to crack.

This is not about safeguarding jobs or rebalancing trade. It is about the survival of the US dollar as the world’s preeminent currency. Yet, the system is increasingly strained, and the tools Washington employs—tariffs, financial engineering, and even military intervention—are less solutions than signs of a deeper malaise.