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The best explanation I (an economics layman) have seen is the Dollar Milkshake Theory. https://www.youtube.com/watch?v=xxzy3sLs4Bs https://www.youtube.com/watc

• kotlin2 4y ago
  That’s not really accurate. There only part that’s accurate is the US “sucking up all the dollars”, but it’s not due to a credit crisis. The U.S. is the most aggressive in terms of raising its baseline interest rate. The interest rate is higher in the US than anywhere else, relative to the safety of its government bonds. Therefore, people with money want dollars so they can buy treasuries and earn a higher yield.
• nikau 4y ago
  That's a pretty fucking good milkshake. I don't know if it's worth five dollars but it's pretty fucking good.