> all the usd currently held abroad as a trade signifier is currently outside the us economy if that money floods back in because they weaponized the us dollar, the go into hyper inflation. the us *could* allow the $ to be devalued but to prevent that, more and more us t bills are being held not by foreign governments but by us entities. you can easily give the finger to, say, india or sri lanka's treasury bills and announce a moratorium on payment (ignoring the panic / stampede effects of that) but what happens to pensioneers when pension funds that hold us t bills keep giving them their cheques as decided but each $ buys much less?
India