One thing that we have going for us is that we are huge consumers. We have the infrastructure to support consumption. This is important to countries like China who sell us junk.
Consumption feeds upon itself. But it will eventually fail when the dollar loses it’s value and we can consume less and less. Probably analogous to the air leaking out of an over inflated balloon. When demand drops off so does our economy.
Yes, but keep in mind that those who purchase our ‘stuff’ have the money to do so for two reasons: the companies that offshore to those countries enrich enough of the country/citizenry to be able to afford our stuff; and, two, our inflationary monetary policy (borrow/print and spend) floods lots of nations with dollars to spend on our stuff. Also, the nations that are “emerging” and buying our stuff are also in huge economic bubbles caused by their own borrow/print and spend policies.
As you said, when the dollar collapses, these two means of spending go away and with it goes a large customer base for what we do produce.
I think we could have fixed this 15 years or so if we were all on the same page. But everyone played “kick the can,” and here we are, with a group of globalists who loathe America making the decisions about how to “save our country.”