(Scott S. Powell) The U.S. dollar is getting perilously close to losing its status as the world’s reserve currency, and there is less room than ever for error on the international stage. Blunders in U.S. foreign policy are likely to have more harmful effects on both our allies and our enemies than in the past given the sorry record of the Biden administration. Should the U.S. dollar be knocked out of its position as the reserve currency, hell would break lose across global markets.