Is this the most important chart for the future of the World's reserve currency?

When it comes to the future of the dollar status as the world's reserve currency, the most important chart may be the fact that the US is now so woefully buried in debt that another global military conflict appears inevitable...




... or that it now takes virtually unlimited monetization of the debt shown above to preserve the illusion that the US is not bankrupt, pushing the S&P to record highs in the process...

... or that the marginal impact of every additional dollar in new debt generates increasingly less economic growth?

Indeed, the "most important chart" may very well be any of the above, but in our view the one chart which, both literally and metaphorically, will determine how much longer the USD will reign as the world's is the following.




Comment: Interesting thought since the military is often used to enforce the use of the USD (petrodollar) as the reserve currency. But fomenting instability in other regions to do the "dirty fighting" leaves the military free to roam around in a threatening manner with their 19 aircraft carriers. Another aspect, the US spends 3 times more on the military budget than 2nd place China. China has over 2.2 million soldiers and the same amount in reserves and are not spread all over the world like the US is. So the US doesn't seem too concerned about defending itself but more in being able to project itself around the world even if it goes broke.

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