That's naive my friend, were it not for the fact that central banks all over the world held more dollars than any other foreign currency (a fact that is rapidly

That's naive my friend, were it not for the fact that central banks all over the world held more dollars than any other foreign currency (a fact that is rapidly changing) the two trillion we have printed out of thin air would have immediately caused drastic inflation. I don't think a nation's economy, resilient of not, gets to print two trillion twice, and since we haven't yet fixed the fundamental issues that got us here: trade deficit and federal deficit, we'll need another bailout soon, but it will cost more, something like four trillion. The world knows it, and that's whey they're moving away from the dollar as fast as they can. There is not much in the US economy for the rest of the world any more. If we do the right thing and pay our debts off, that means drastic consumption cuts, and if we don't then we just continue to consume with credit. So you see, it's a lose-lose for the rest of the world.