A very simple answer
Here is a hypothetical question: what are other nations more afraid of — The US Military or The US Dollar? Answer: The US Dollar. This makes perfect sense. US Military action is almost always conducted in the public eye, and violence generally restricted to a relatively small area of the target nation. Also US Military action is time limited, the exceptions being nations such as Afghanistan, which rumbled on for about twenty years. By contrast
THE US DOLLAR IS THE PERFECT STEALTH ASSASSIN
While everyone notices aircraft carriers massing off a distant shore to exert pressure upon another nation, few notice when The US Dollar exerts economic pressure on another nation. Few except those residing in another nation. Just this week The Chinese and The Japanese have expressed concerns about the strong Dollar compared to the Yuan or Yen,
Soaring US dollar raises alarm as China, Japan escalate FX pushback
China and Japan step up defence of their exchange rates. Read more at straitstimes.com.
so it’s important to understand why. Let’s consider the impact
FROM THE POINT OF VIEW OF AN AMERICAN
consumer, who pays in dollars for imports from either China or Japan. As the US Dollar strengthens the price of these imports falls. American can buy more of the stuff they like made in China or Japan. What’s not to like? But from the