How America Lost Its Power. From Trust To Force. Monday’s Edition.

The Long Chain: American Power. Series 31 #1

By early 2026, the dollar had fallen to about 57% of the world’s currency reserves, from a high of 85% in 1977 and its lowest share since 1995. Central banks that manage a nation’s money were buying more gold in place of dollars. Central bankers added 863 tonnes of gold to their reserves in 2025, and more than a thousand tonnes in each of the three year…