"The US is losing reserve currency status!"

The losing:

You know what huge spikes in inflows like that and early 2020 mean? Market turmoil.

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Hmm? Spring 2020 and Spring 2025 are the same result, different cause. Covid = panic, sell stocks then buy bonds. Trump tariffs = panic, sell stocks then buy bonds.

Also, between 2020 and 2025 there was significant inflation so raw dollars are not the best indicator here.

What significant external factor happened early 2020 that's different than Today that could create a different outcome?