If you think things are bad now, then, brace yourself: it is about to get a whole lot worse. If you are alarmed at the speed with which the Trump administration has set about dismantling every institution of American government and every pillar of the international order, you must understand that this is not just the initial burst of activity, the “shock and awe” phase after which things will settle down: if anything, the pace will continue to accelerate.
The world has never before been faced with such a threat. The United States has handed the nuclear codes to a madman, a criminal, a would-be dictator and a moron, all in the same person. Whatever the purpose to which he directs these powers – to impress his dictator friends, to further enrich himself and his cronies, to seize absolute power or just to watch the world burn – we must hope for the best, but prepare for the worst.
China has a thriving economy without the RMB being anyone’s reserve currency.
I’m not really sure what your point is. I assume you are saying the US can have a thriving economy and not be the global reserve currency? If so, a couple of points:
The US’s debts will come due as it loses global reserve currency status. Do you think it can pay those debts?
US and other capitalists outsourced production to China due to the lack of collectively bargained labour agreements and environmental protections. It was cheap. Are you saying the US could ‘Make America Great Again’ by making it a sweatshop!? Because I don’t think that is what Trump voters had in mind for themselves.