Not that I don't think this is a bad thing because it definitely is, but it's not as bad as it seems. The appetite for USD is insane. We can probably print another 100% and still be okay.
The US dollar is the only reasonable world currency, and there's no good substitute. EU has siezed deposits, so no one is going there. The Yen and Renminbi are specifically not allowed to be held outside of their borders because of the currency manipulation going on. The Pound is next in terms of size but that means betting on a country that's going to be in the shadow of either the US or EU. Then there's a bunch of currencies that don't have enough liquidity: the Swiss franc, the New Zealand dollar, etc.
Not that I don't think this is a bad thing because it definitely is, but it's not as bad as it seems. The appetite for USD is insane. We can probably print another 100% and still be okay.
The US dollar is the only reasonable world currency, and there's no good substitute. EU has siezed deposits, so no one is going there. The Yen and Renminbi are specifically not allowed to be held outside of their borders because of the currency manipulation going on. The Pound is next in terms of size but that means betting on a country that's going to be in the shadow of either the US or EU. Then there's a bunch of currencies that don't have enough liquidity: the Swiss franc, the New Zealand dollar, etc.