However, if the intention is to dominate the world, then you require ever-growing deficits (to run wars and psyops around the world - like vietnam war, korean war, the original New Deal, socialist agenda, welfare state etc etc). And if you require ever-growing deficits, you then require control of a world reserve currency - a malign one, one that is FIAT.
You also forget the Cantillon effect which is something to keep in mind as well once you become the world reserve currency.
The labor in the country that issues the new world reserve currency immediately becomes the most expensive labor. This creates a demand for foreign trade.
How The Cantillon Effect Kills The Economy | Uneducated Economist
Again, Cantillion effect (just like Triffin's Dilemna) exposes that a world reserve currency is unsustainable. The answer is not to replace one world reserve currency with another, but rather to over haul the entire system (which is what is going on) so that there is no more world reserve currencies, and their evil effects on the world.
Lets finish debating the Triffin's dilemna first before delving deeper into this, if you still feel this needs to be delved into deeper.
You also forget the Cantillon effect which is something to keep in mind as well once you become the world reserve currency.
The labor in the country that issues the new world reserve currency immediately becomes the most expensive labor. This creates a demand for foreign trade.
How The Cantillon Effect Kills The Economy | Uneducated Economist
https://www.youtube.com/watch?v=LPEtaXBMG6s
Again, Cantillion effect (just like Triffin's Dilemna) exposes that a world reserve currency is unsustainable. The answer is not to replace one world reserve currency with another, but rather to over haul the entire system (which is what is going on) so that there is no more world reserve currencies, and their evil effects on the world.
Lets finish debating the Triffin's dilemna first before delving deeper into this, if you still feel this needs to be delved into deeper.