mb444
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No, the west is still the most powerful block economically by far, see below. BD is there in its own right as "BGD" and its great to see. Hopefully in the next few years we will see our GDP overtaking Philippines, Denmark and Egypt.Yes they are still the most powerful block,but militarily.
Economically China is way ahead. But since we count economy with BAL fed usd number per capita , so we won't understand how powerful China is economically. And nowadays economy is the greatest weapon.
And now usa already became a lot weaker in economy compared to China and now after dollar under threat ( because of Ukraine Russia war ) usa is losing ground more seriously!
Americas greatest weapon is not her military , but it was dollar dominance.
This article says the dollar benefits for usa.
Is the US dollar in danger?
The US may have the world's most powerful military, but the dollar is its greatest weapon. Now, after nearly 80 years of dollar dominance, the US might be in danger of losing its global reserve currency status.amp.cnn.com
Well if we still arrogantly push that dollar can't be harmed it will remain a king forever, then we have to wait sometimes.
https://www.visualcapitalist.com/visualizing-the-94-trillion-world-economy-in-one-chart/
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