“The fault lies with the mismanagement of the country.” — and the root of that fault is politicians buying votes. The vote-buying scale was small for a couple of centuries, but has exponentially exploded in recent years. Almost everything the US government does (and wastes money on) is to buy votes on a massive scale. No southern border? Import “D” votes. Forgive student debt? Vote buying. Reparations talk? Vote buying. Endless expansion of every government social program? Vote buying. Leftists love to yammer about “sustainable,” but this is utterly not sustainable. I would not attribute it to malfeasance or mismanagement. It is either 1) vote buying or 2) intentional and nefarious destruction of the USA by our enemies.
“The main question is this — WHAT ARE THE BETTER ALTERNATIVES to the US Dollar?” Today, none. But 20, 30 or 50 years down the road?
RE: But 20, 30 or 50 years down the road?
I could forsee another currency called X ( let’s call it that for now ) based on a known commodity ( say, Gold ), that no central bank can manipulate that many countries in the world will adopt. Who will lead such an initiative, only time will tell.