korrents

korrents · piece

The Dollar Will Be the Last Pillar To Fall

Daniel W. Drezner · 14 Sept 2026 · danieldrezner.substack.com ↗

3 korrents from this piece

Daniel W. Drezner did not write this page.

Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. Our reading

    Overusing financial statecraft, allying with overseas populists, or prolonged anti-immigrant policy will push even close U.S. allies toward alternatives to dollar- and Wall Street-centered systems.

    Their wordsExcessive use of financial statecraft, alliances with overseas populists, or prolonged bouts of anti-immigrant hysteria, however, will force even close allies to start thinking about alternatives.

  2. Our reading

    The U.S. dollar's continued global dominance is a lagging indicator, not proof that American hegemony remains intact.

    Their wordsthe dollar's status is not a harbinger of U.S. hegemonic decline - it's a lagging indicator.

  3. Our reading

    The Trump administration is accelerating the decline and fall of American global hegemony.

    Their wordsI honestly do not know if the Trump administration will be able to completely eviscerate American power over the next two year - but damn they sure seem to be accelerating the decline and fall of American hegemony.