You are welcome to disagree. That will not change economic fact. The next President, R or D, will preside over a financial graveyard. Wealth is contracting globally, regardless of who is in the White House or what islamic facists are doing.
The only thing that could have pulled us back from the brink was a drastic slashing and 25% reduction in the world's level of debt back in 2010, plus a 25% reduction in it's future liabilities. The pantywaists running the show on both sides would never agree to it. We are now well past the economic tipping point of 77% debt to GDP ratio, we're in the ZIRP trap, and QE is the only way to keep this flagging ship from going under (which only exacerbates the other two problems).
As for dollar being King, it won't be for much longer. China has been pushing for currency dominance, and until it was revealed that they have been cooking their books, too, were gaining traction. Other countries have already started to de-peg from the dollar to avoid exported inflation.
Chairs, deck, ice chunks.
But how can the “pantywaists running the show” do anything else? The dear people are now very fond of their entitlements - a hefty percentage are dependent on them. No politician could make cuts of that kind of magnitude without alienating enough people to vote him out of office, no matter how imperitive they were to make.
I agree with TheWriterTX.
He may not agree that a real leader, who knew what the real problem was, would end MOOTA and walk us thru the necessary, painful restructuring. Anything else applies a bandage for a short time...
6 OR 7 suitcase nukes going off around the world, would change it all - quick. Martial Law Worldwide.