Reply #2: like the tattoo idea ... [View All]

[oecher3]

Isn't there also the tie to foreign policy, so far countries in crisis or in need to show sincerity with getting their act together in monetary and fiscal sense either pegged their currency to the dollar, adopted the dollar as their currency, or heavily invested into government bonds as security to avoid loss of value due to inflation.

Now, assuming the dollar is losing more and more of its value. Won't countries now rather look at a strong currency to the rescue, like the Euro, perhaps. Isn't there still the notion that a strong currency is also the face of a stable economy and by devaluation we lose our face as a secure nation. And making all so many enemies around the world, countries probably don't mind investing their money into more "secure" and stable countries than the US, i.e. EU.
This might end up in a downward spiral of the dollar like Brazil and Argentina and flight of foreign investment, no matter how high the interest rates spike.

but the tattoo is a start! If only a dream!