The international monetary status of 1. USD is that after World War II, the national economy of the United States ranked first in the world, accounting for a considerable proportion of the global economy, so all countries in the world recognized the American economy and currency; Secondly, the United States borrowed money from many countries in the world through the post-war aid program, which led to the global circulation of dollars; Finally, the United States formally linked the dollar to gold through the Bretton Woods system, and the currencies of various countries were linked to the dollar. At this point, the dollar has officially become the international currency hegemon and hard currency, which is called the dollar, that is, the dollar as the world currency has the same significance as gold.

2. After the US dollar became the world currency, the transactions of all countries were calculated in US dollars, so the US dollar became the first choice for foreign exchange reserves of all countries in the world. In this way, the United States can borrow money from the world without restriction, but its debt repayment is unequal or irresponsible at all. Because its loans from other countries are denominated in dollars, it allows the banknote printing factory to print more dollars without restriction. Even if the dollar depreciates, it can reduce the burden of foreign debt, stimulate exports and improve the balance of payments. In addition, because of the strong economic strength and stable investment environment in the United States, investing in the United States can bring more profits, so many people want to invest in the United States. The arrival of a large amount of liquid dollar funds has lowered its interest rate and reduced the cost of making up the fiscal deficit. In addition, under normal circumstances, when a country's balance of payments is in deficit, it is generally necessary to adjust its economic policy. America doesn't have to do this. Because the US dollar is an international currency, when the United States has a foreign trade deficit, the US government can make up for the deficit by printing US dollar bills, maintain the national economic balance, and pass on inflation to other countries. This is also the main reason why the postwar United States can still maintain economic stability after decades of high fiscal deficit. Moreover, the United States has also obtained huge seigniorage. Seigniorage was originally a tax levied by western European countries in the Middle Ages on precious metals such as gold and silver sent to mint for minting money. After that, it refers to the profit made by the government by issuing money (equal to the difference between the face value of coins and the price of coins). After the collapse of the gold standard, the credit standard based on paper money replaced the gold standard; The international function of dollar replacing currency has brought great benefits to the United States. When a worthless paper money is printed by the state, the seigniorage is equal to the value of social products that this paper money can buy, and the difference between them is the "seigniorage" in the United States. Even though dollars from outside the United States may circulate in the United States, the United States still has a world-class financial system. Just make a financial innovation and turn foreign dollars flowing into the United States into debts owed by the United States to other countries. For example, many banks in China bought American subprime bonds during the subprime crisis. In this way, the United States buys products from other countries by printing US dollars, and Americans get something for nothing. The best development in the United States is the financial industry.

So now the economic system in the world is that Americans print money to buy world products, and countries all over the world sell their own products and get US dollars as foreign exchange reserves. No matter how much the United States prints, they rob it. Even if it is recycled back to the United States, the United States is digested through the financial system. This is the advantage of the world's money suppliers. Why do many countries in the world want their currencies to become world currencies? The landlord should understand wow. So the dollar is depreciating more and more, and the United States has become a rotten printing machine. Those developed countries are also vested interests in this economic order, so they also try their best to maintain this situation. This is why developing countries propose to change the irrational old international economic order.