Luke Gromen: USD reserve system relies on Chinese manufacturing for U.S. military support - Traders Union
Luke Gromen: USD reserve system relies on Chinese manufacturing for U.S. military support - Traders Union
Source: Traders Union
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DW NOTE
The U.S. imports 80% of its rare earth elements from China — inputs for everything from F-35 guidance systems to Patriot interceptors. Gromen's point isn't hypothetical: the reserve currency framework has built a supply chain where the issuer depends on its strategic rival for the hardware that backstops the system. That's not currency hegemony, that's subcontracted sovereignty.