Uncle Kingpin
No Relation
Our debt is a problem when every dollar is printed at interest and can never be paid back. Russia is not declining at all, go to London and see all the nouveau rich russians balling bigger than any rapper could lie about. They have gas and oil, they wont go broke anytime soon. And diversifying energy sourcing is a long term goal, eastern europe would freeze in the short term without Russian gas.If you think past events are a completely accurate predictor of the future, you can make a killing the stock market breh. Our debt is a problem if you are only looking at it in nominal dollars where large numbers frighten you. The fact of the matter is that it is an easily correctable issue, so I just don't see it when it comes to the doom and gloom outlooks on our debt situation.
You ask what benefits and then provide an enormous one whose effects extend deep into the lives of every American
Russia is a declining power. They are basically Saudi Arabia with a reputation for trying to flex on the west. All Europe has to do is diversify its energy sourcing away from Russia and they will literally have no leverage over the west. China, while gaining ground, still has a very long way to go before they can step up and be the top dog on the world stage. That bubble-filled economy bursts and we'll see how strong they really are. The rest of the world is going to follow these bums into rejecting the dollar? For what reason? It definitely won't be risk aversion.
The world no longer wants to be at the whim of the american economy, we almost took down the global economy in 2008 and the other world powers are taking major steps to never allow it again.