“The rest of the world isn’t going to subsidize our govt any more.
Exactly. And not one in ten Americans understands what our world reserve currency status has meant to our standard of living. It’s like playing Monopoly and being the banker while playing, and only you can grab more $500 bills anytime you want, put them into play, and the other players must accept them.
This advantage is about to end. The dollar will just be another peso bidding for oil etc.
Just a minor quibble in agreement. It was not an advantage because we went soft, cannot produce and forgot what real work looks like.