1.4 Trillion deficit for this year alone. The dollar is falling (gold is rising). The Russians and Chinese want to dump the dollar when buying/selling oil and make the primary money the yang or euro. The Chinese are getting nervous about our debt situation and may not buy our T-Bills in the future. They've stated that we are printing money to fast. In the end - I think the Fed will raise interest rates to keep inflation in check - if not, inflation is going through the roof. All this is due to our government spending way to much money. Any thoughts? ...and I know - I spelled deficit wrong in the title (I'm editing this part)
inflation has been on pause for a long time, I don't know how it can be regulated without overinflation.
Nothing can replace the USD at the moment and for the foreseeable 5-10 years. I guess China and gang are tired of their shrinking reserves. Besides making noises once in a while or do a trade or two using non USD currencies, there isn't much these countries can do. USD is too deeply entrenched in the financial systems. No one is willing to rock the boat. A change from USD as the de facto global reserve currency is possible and may be already in progress, but it takes a long time for any action to become substantial.