Hey all, I am brand new and signed up, concerned about the future. Do you think the USD will collapse in < 5 years or remain a powerful force. What about the US military? Historically, don't empires collapse both economically and militarily at about the same time. What will happen if the Dollar turns to dust, but the US military is still the most dominant? Has something like that ever happened before?
To be clear: Americas status a Global Leader is not my primary focus, but the really ugly chaos and people suffering is. I try to be optimistic, but I am concerned.,, /What do you think?
You need money to fund the military so a poor country cannot have a strong military. If the USD collapses which are highly unlikely, the US military will be underfunded and other buoyant economies' armed forces will become stronger than the US. Advanced military hardware and extensive research are expensive this is why many developing nations lack strong military capabilities. Alternatively, nations that have strong military can use it as an advantage to become rich. Militarily advanced nations can sell sophisticated weapons and sustain their economy. An example is the case of North Korea's relationship with Russia. I have read about empires that collapsed because of weak militaries and others that went down due to weak economies.
The US economy is one of the most resilient economies in the world. It's collapse is unlikely in decades. To a large extent, the US have done well in promoting global peace and equality but they have also made some grave mistakes. The main chaos currently is in Ukraine and Russia should be blamed for starting the war. I am also saying that the wars and conflicts in other countries are receiving lesser attention from the US. I believe that these conflicts will come to an end but nobody knows when.