Does a weakened dollar, overall when all trade counted, help reduce the impact of the deficit on paper? It is definitely dangling other economies around the world. Reducing their export power, tourist draw, and quality of life. So should be good for us overall once all is added up?
A weak dollar costs citizens much more when buying foreign goods and services.
The less the world holds on to the dollar, the less consequences if the US went bankrupt. You can always rebuild from the bottom like Iceland did. But it might take a few years to work the bad dollars.
Lots of speculation that COMEX will fail to deliver in March due to the large demand for delivery in January.