[GodGunsGuts]

The problem is, by shifting our debt burden to the world, we are screwing our trading partners and threatening the status of the USD as the world's reserve currency. We receive innumerable benefits from this privilege. And if the world turns its back on the greenback, they will have no choice but to dump their worthless dollars into US assets, which will cause domestic prices to skyrocket.

[kinoxi]

The problem is, by shifting our debt burden to the world, we are screwing our trading partners and threatening the status of the USD as the world's reserve currency. We receive innumerable benefits from this privilege. And if the world turns its back on the greenback, they will have no choice but to dump their worthless dollars into US assets, which will cause domestic prices to skyrocket.

It could be argued that they initially shifted their debt burden to us and this is a naturally occurring 'balance' being found. The chicoms (Yuan) have been intentionally undervaluing their currency (shifting the debt burden to the US) for instance. The EU is digging a financial disaster for itself due to socialist policies and thus cannot in the short term replace the dollar. I don't see this situation as critical yet.