I don't really know what you're talking about here. Perhaps I did a poor job of explaining myself. To be clear, I think this has absolutely zero [directly] to do with any specific US party. Our special economic position in the world was simply the result of a perfect storm of a variety of different factors all working in unison. It was never sustainable so it wasn't a question of if it would end, but when. Of course it's not binary, but a gradual decline, and I think we've already entered well into that decline.
But this is a good thing for everybody, including the US. Because so long as the world doesn't just blindly replace the USD with the Yuan (which seems to have an approximately 0% chance of happening), then this new scenario will apply to every single country. I think a more level playing field, with some positive competition, will bring out the best in everybody.
What I’m saying is - permanently changing the world order and inducing a recession is not going to be politically popular in the US over 4 years. Republicans will lose the mid terms and the presidential election. Their plan will be blocked because it’s going to take a long time to unwind the current order. How will they protect their incomplete plan and maintain it over the long term? If they are not successful over the short term then over the long term it will unravel. So what’s the plan?
Elon will be uplifted into the next level of the simulation? Is that the plan?
None of this has anything to do with the current administration, nor is it any part of their plan.
For instance you previously mentioned the USD being world reserve currency, which indeed it is. But here [1] are those data. Q4 2024 hasn't been published yet but Q3 has it down to being 57.39% of global reserves. Very soon the USD will no longer be a majority reserve currency, down from a post Bretton Woods peak of 71% in 2000. People are gradually stepping away from the dollar, which reduces our ability to effect change on other countries' economies through monetary policy. And this without any clear replacement for it, yet.
And that's just one factor among many that's changing. These things were all happening long before the current administration, and will continue to happen regardless of who's in power or what they do. Getting back to business as usual would be more likely to accelerate these changes more than anything.
But this is a good thing for everybody, including the US. Because so long as the world doesn't just blindly replace the USD with the Yuan (which seems to have an approximately 0% chance of happening), then this new scenario will apply to every single country. I think a more level playing field, with some positive competition, will bring out the best in everybody.