The American Long Bond Sets the Price of Risk All Over the World

The dollar is the reserve currency of the world, so no matter what anybody says, people buy dollars. People go into dollars because they know it's going to be liquid,. They can sell it, etc., right? We just want the dollars going up at the moment as well as the fact that American interest rates are going up. The long bond sets the floor of interest rates around the world. That's why it's so important. It could change if America decides that it doesn't want the world to use dollars. But it wouldn't do that. So it's basically this is free power and influence that the Americans have. If you go down the history of all huge empires have always