Get real, everything else is riskier than the dollar for same reasons x10, not easy to transact, and not in the vested interests of the players in the game. The US, unlikely Zimbabwe, is completely self sufficient. And there is no alternative today. China could have been but Xi chose a different path for them
Yes the US is more self-sufficient than Zimbabwe. And yes there doesn’t seem to be any good alternatives.
Euro - the ridiculous statist/socialist anti-science mentality of most Europeans has made their own financial situation worse than the USA’s
Pound - see what I wrote on Euro
Brazil - corruption :(
China - despotism :(
Russia - see what I wrote about China
India - see what I wrote about Brazil
Japan - aging and decaying
Why I raise this alarm is because the Federal Reserve has never been anywhere close to being a trillion in the hole with their balance sheet. And now they are more than a trillion in the hole. This hole can’t just be pretended away. The fastest solution will be for long-term yields on mortgages and Treasuries to collapse while keeping those markets liquid and shrinking the Fed’s balance sheet.
That’ll be very hard to do when (a) Social Security now has to sell billions of Treasuries every week to meet its obligations as the acceleration of the OASDI trust money depletion will just grow over the next 8 years until its bust, (b) the CMS agency in HHS is running an annual deficit of 1.7 trillion (i.e. approx 300 billion revenues and over 2 trillion outlays per annum), (c) other financial problems for the federal government (especially the implicit guarantees of pensions, Fannie/Freddie, and much more).