Won’t America’s dominant military keep the U.S. Dollar the world’s dominant currency?

Unfortunately, the U.S. military is now officially past its peak – and is beginning to dramatically weaken with each passing year. The peak year for the U.S. military was 2002, when U.S. military spending accounted for 44.5% of the world’s total military spending. In 2014, the U.S. accounted for only 34.92% of the world’s total military spending – its lowest share of the last 20 years.

While America’s share of global military spending is rapidly declining – China and Russia are seeing their share of global military spending rise very rapidly. Together, China and Russia now account for 17.22% of global military spending, which is 5X greater than 20 years ago and their largest share of global military spending in history!

NIA estimates that about 50% of U.S. military spending is wasted with no tangible benefit – either on projects to develop new technology that get cancelled before completion, or on programs to train and arm foreign rebel groups to fight for us – who usually just steal our weapons and use them to empower terrorists like Isis.

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