since the US became a consumer driven debtor of the world, the biggest debtor in the entire history of human kind and its biggest financers felt it was creating a burden, the seed of a monetary reset was born. This could only happen because it’s share of world gdp went from over

50% to less than 25% in such a short time frame. While at the same time it’s biggest financer, China share of GDP grew. The only reason the world reserve currency status changed hands so easily between the UK and the US>

was that only the US could help to change the course of war, and the UK had no other option to agree the dollar would become the new world reserve currency and a US saw a profitable cost-benefit of having a new export market for its over production.

Such easy transitions >

Where the waning but dominant power agrees to do away with such exhorbitant privilege, only happen if there is a win-win situation. This is why the war could end so fast.

If it weren’t for the Americans to see their own well understood self interest financially and economically>

the war would have lasted longer and would have caused a war between the new prodigal challenger and hedgemon.

So far there isn’t such a win-win situation between US and China. However the financers of the US have a growing shared concern. This explains the IMF calling for a>

new Breton Woods. In history there have been empires of thousand years long, which had a robust monetary system. There has been zero fiat systems in the history of man that was able to survive that long, 200 years at best. The lesser anchored the fiat systems were, the shorter>

shelf life they had. Since Breton woods there have been several resets. From gold a gold backed dollar to a unbacked dollar to the offshore dollar. fiat systems are have the builtin weakness that debt will grow forever until it crumbled in on itself. Most monetary resets happen>

under violent conditions. Transitioning from one system to the other most often will be times of great volatility in markets unhinged and geopolitical volatility as the system nears its shelf life.

This is the world we live in today. If there can’t be an agreement found>

it will be at the cost of the purchasing power of the global currency system. Those who say there is no alternative to the dollar, should imagine that with every monetary reset in history there was never an alternative until it suddenly proven wrong.

The question whether there is an alternative isn’t much of economical or financial reasons, it’s because of geopolitical reasons.

Those who pay decide. Not much different than US took over the global reserve status from the UK.

The Cold War was ended, only because the US was able more to have itself financers than the USSR was.

The Germans only could become such a threat because it has a way to finance it, thus people willing to do so.

Wars start because of financial motives and end because such>

War or peace is a financial cost-benefit balance in the hands who have the ability to finance war best. Follow the money not the political leader...