travkohn on Nostr: For geopolitical rivals of the US, they view this system as an extremely potent force ...

For geopolitical rivals of the US, they view this system as an extremely potent force to help maintain the US status as an economic superpower.
Look at the world or the US from the position of China. What makes America a superpower? Military? Partly. Nuclear weapons? Not so much. What really gives us leverage is the position of the dollar as the base currency.
We escaped the last GFC largely by printing money.
Other countries cannot get away with that without causing massive inflation.
Viewing the US Treasury printing money from Beijing, this has the effect of exporting inflation to other countries. We borrow money by selling treasuries to finance our wars and then pay them off in essence by printing dollars.
The dollar is a uniquely powerful lever one that is rarely thought of in terms of national security. But nothing is more important.
If we lose it, we will have lost our position as the last superpower.

These rivals, particularly Russia, China, and Iran have been hit the hardest by US sanctions and economic warfare.
They are not alone, even allies like UK, India, Germany, and others are tired of being exploited by this system.
The exorbitant privilege created by Triffin's Dilemma means these countries have to work hard to produce goods and services that are swapped for the US dollar which we can print out of thin air.
They then have to exchange these dollars for US assets instead of investing in their own countries.
We get cheap goods and cheap debt, fueling our overly consumerist culture, while they get more inflation and less investment in their own economies.
The ill effects of this dilemma are building up and corroding the very system which provides the US with so much economic dominance.