The unserious nature of the place is reflected in the nation's president and richest person fighting in public: picture Anthony Albanese and Gina Rinehart abusing each other on social media.

Wish he would tbh

Examples of America's unseriousness have been building to the point where the US isn't even a comprehensible ally, let alone a reliable one, or a safe place to invest — global investors are now steadily reducing their exposure to American assets.

If being called unserious by a communist means they basically want to kill you, what does it mean when a political commentator calls you that?

As a result of all this, the "American exceptionalism" that was the foundation of global investment and finance for decades, is over.

Does that mean the US dollar will lose its place as the world's reserve currency, a position it has held since 1944?

Probably not, but its monopoly is under threat.

Good to see normie media turning on the US though