This post is the true meaning of "grift". Anybody that talks about reserve currencies as some sort of military tool instead of because it's the best financial instrument is showing themselves to be deeply disconnected from reality.

Here are the things that make up a reserve currency:

1. Floated

2. No capital controls

3. Respect property rights

4. Have a bond market big enough

5. Have global trust

6. Be willing to have trade deficits

7. Stop export priority mercantilism

8. Have a currency market big enough

Only the US dollar satisfies all of these rules.