China is spreading utterly false propaganda saying that the US creates $100 for only 17 cents, which is unfair because it buys $100 worth of real goods from the rest of the world. Fact Check: Dollars cost 0 cents to create since they're digital now. image
USD hegemony is a matter of life and death. Reserve currency status lets the US run multi-Trillion dollar annual deficits while being >$30 Trillion in debt. And deficit spending funds real-world military growth. Global seignorage provides a huge military advantage vs. enemies. image