IMHO, the USA is counting on inflation to pay down its foreign debt. This would not work, except that the U.S. dollar is the world’s reserve currency. U.S. debt is denominated in U.S. dollars. Use inflation to make the dollar a lot less valuable; then pay the debts with the cheaper dollars. That way, you stick it to your creditors.
Of course, as a foreigner, I fully support this strategy — because, the world owes Americans a living. (You might detect a tinge of sarcasm here.)
I agree that our political/regulator class Americans feel that the world owes them a living through recirculating foreign debt. The U.S. trade deficit with Canada in 2013 was $31,731,000,000.
So we should lower the U.S. dollar for more of a free international market, manufacture our fair share of products and sell them to Canadians. In return, we’ll buy more Canadian lumber, oil (traded in loonies), metals and unique products made from those vast natural resources. It would make Canadians in the West happy, but they’re not bound so much to desks in eastern services.
In return, we’ll stop the “chemtrails” and admit that Canadians are different from us. ;-)