Erik Prince

And Britain rules the seas for all the 1800s.

The British pound was the world's reserve currency.

Britain started to lose that at the Battle of Jutland, big naval battle against a rising continental industrial power, Germany.

They didn't lose, but they definitely didn't win.

I would say that marked a pivot in the beginning of the end of the British Empire, which you see collapsing.

really ending in the 40s and 50s as all their colonies go away, they lose India.

I see the world's reserve currency as the dollar losing that if there is a significant naval loss or even a draw over Taiwan.

But they call themselves the Middle Kingdom.

All maps produced in China show China as the exact middle of the world.

I don't think it just plays a role.

It's the fundamental underpinning.

If the dollar is not the world's reserve currency and the idiots in Washington can't continue to deficit spend because no one's going to buy, no one's going to use those dollars.

It forces the U.S.

government to actually have a balanced budget and cut deeper.

Already, the interest payments on the existing debt, interest payments alone in the debt, exceed the defense budget, which is already too big.

Now you start to literally constrict all aspects of American government spending because of – military victories have –

very economic realities.

So it is a cascading effect that's catalyzed by a embarrassing loss, unnecessary loss of Taiwan.

We've allowed the U.S.

government to just become so much of a sugar daddy to all aspects of society.