It is just where we are in the long term debt cycle. The US dollar will devalue in the next decade, but we aren't facing a collapse or anything. We are out of

It is just where we are in the long term debt cycle. The US dollar will devalue in the next decade, but we aren't facing a collapse or anything. We are out of monetary tools (interest rates near zero) to stave off deflation, so we will turn to fiscal tools (printing money). This is a good thing as it will make the US more competitive on exports. We may lose our global reserve currency status but that is not a sustainable position, so it is somewhat inevitable. The US is still one of the most desirable places for foreign talent. I hope we maintain that position. That creates demand for US resources and provides the people currently here with a comfortable retirement. China is not so welcoming to foreigners, nor is it very desirable given the pollution.