I disagree with OPs conclusion but not the thesis. I do, currently, think there is some level of “subsidizing” (wrong word) happening in the west. USD is the

I disagree with OPs conclusion but not the thesis. I do, currently, think there is some level of “subsidizing” (wrong word) happening in the west. USD is the wests reserve currency. It’s held by many western countries and much of western trade is denominated it in. When the US prints money, they dilute the western reserve currency. It lets the US spend the value of every USD holder (including the value of debt denominated in the currency). In other words, I think the US can spend the value of a large slice of the western economy (not just its domestic economy) on its own infrastructure and military projects through inflation by printing money.