the funny thing is that this has been going on for quite a while now but, of course, we're pushing it to an extreme now.

We (the fed) actually does a good job of making it a currency we can trust in. We had a crises in 2008, the Fed/Treasury/gov did a lot of stuff and bada bing bada boom, the world came through it and the economy's been rocknrollin' since then. So, the dollar can be trusted to act sorta in the world's interest. China does not do that, they manipulate their currency to keep their costs low.

The paradox of the last statement though is the China by keeping their costs/prices low prevent American companies from increasing prices. so despite a lot of inflationary moves, prices do not go up. In a wierd way, China is giving us stuff for free to capture markets. If China were to stop manipulating their currency it would probably rise in value allowing American comanies to increase prices voila, inflation.

Who knows maybe there is pretty good consumption of US dollars outside the US and this quantity can be absorbed, it just basically becomes more the world economy reserve or no.

When the time comes, we will need to raise taxes to once again protect the trust in the dollar. Trump won't do that but if a Democrat gets elected prez, I think that will happen. I like a lot of the tax reforms recently but not necessarily pro Trump.