So I asked this question back when the wiki page for exorbitant privilege[0], the term used to refer to the US’ status, was posted. I was provided with a few links of people who do seem to understand[1]. The Hudson Bay capital piece was probably the most interesting[2].

0: https://en.wikipedia.org/wiki/Exorbitant_privilege?wprov=sft... 1: https://news.ycombinator.com/item?id=43529614 2: https://www.hudsonbaycapital.com/documents/FG/hudsonbay/rese...