The USA is the new Monaco
From the London Times obituary for Prince Rainier:
Being Monaco's constitutional monarch was not a job to take lightly. The reigning prince is said to derive his power from God, and the country's constitution stipulates that "executive power derives from the high authority of the reigning prince" who not only represents Monaco in all its dealings with foreign powers but also signs and ratifies all treaties. Legal power belongs to the sovereign who delegates the full exercise of it to the courts and tribunals.
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