At first, the idea that some powerful Americans want to end the Dollar’s global role seems strange. That role gives America what the French President Valéry Giscard d’Estaing called “exorbitant privilege” - the ability to borrow cheaply and in vast quantities on international markets. As people always need your currency, they’ll always lend you more money. When that borrowing funds your military and role as a superpower, it becomes more than a privilege; it’s an existential necessity.