The point is that the US ultimately profits from the arrangement, yes it has a large and growing deficit, but that is actually fine, because the profits of the

The point is that the US ultimately profits from the arrangement, yes it has a large and growing deficit, but that is actually fine, because the profits of the corporations that export goods to America largely end up at Wall Street, so there actually is a "cycle". Moreover since the US has control over the Dollar, which also is used for international trade, by devaluing the Dollar, that is increasing the national debt, they effectively levy a tax on the global trade.