>this is also an effect of US isolationism and America first rhetoric
This is completely backwards.
>meaning you can't print like crazy and export your inflation in the world.
This is why other countries are moving away from the US dollar as the reserve currency (and the petrodollar as a medium of exchange for oil and other commodities). For decades we have been coercing countries, both kinetically (Iraq, Libya) and through less violent means (economic threats, access to SWIFT, ect) to use the dollar. Much of the rest of the world is tired of being coerced into using the dollar (and by extension, propping up the dollar and the US financial system through artificial demand for dollars) when alternatives (such as the Yaun) are becoming available. Much of our crazy printing and exportation of inflation has come exactly because of the countless trillions we have wasted (in the last 15 years alone) in our fruitless and amoral attempt to control the world at the point of a gun. Ironically, and not coincidentally, our desperate (and costly) attempts to maintain control of the globe are hastening the decline of our influence, both politically and economically.
This is completely backwards.
>meaning you can't print like crazy and export your inflation in the world.
This is why other countries are moving away from the US dollar as the reserve currency (and the petrodollar as a medium of exchange for oil and other commodities). For decades we have been coercing countries, both kinetically (Iraq, Libya) and through less violent means (economic threats, access to SWIFT, ect) to use the dollar. Much of the rest of the world is tired of being coerced into using the dollar (and by extension, propping up the dollar and the US financial system through artificial demand for dollars) when alternatives (such as the Yaun) are becoming available. Much of our crazy printing and exportation of inflation has come exactly because of the countless trillions we have wasted (in the last 15 years alone) in our fruitless and amoral attempt to control the world at the point of a gun. Ironically, and not coincidentally, our desperate (and costly) attempts to maintain control of the globe are hastening the decline of our influence, both politically and economically.