> The US, additionally, forces the world to use it for oil trades.
That is not true. The US isn't forcing anyone to use the dollar, e.g.: https://www.wsj.com/articles/saudi-arabia-considers-acceptin...
That is not true. The US isn't forcing anyone to use the dollar, e.g.: https://www.wsj.com/articles/saudi-arabia-considers-acceptin...
Saudi Arabia only get to price in Yuan, because the US can't afford to invade China. The unipolar world is fraying at the seams, and one wonders what will happen to the dollar when the US government can no longer lean on the petrodollar to enforce it's world reserve status.
Check Lyn Alden's piece on the history of the US Dollar as world reserve asset [0] for a vastly superior exposition of facts regarding this matter.