“Steve Bannon says this will result in the USD no longer being the world’s reserve currency and rampant Venezuelan style inflation in the US.”
Sadly, he’s right. China will likely become the world’s reserve currency and we’ll have to FINALLY deal with our debt...or see hyper-inflation. Not sure which path the Democrats want to take, though.
China is a factory nation, dealing with its own massive real-estate bubble.
It won't become a reserve currency, and only survives economically due to other nations buying their garbage.
Ever heard of BRIC?
The Dems would be fine with hyperinflation. That would destroy the middle class and those living on savings. The Marxist/Communist revolution needs the Middle class to be eliminated and to remake the US and the world into a ruling elite and a dependent, oppressed mass of workers who's only use is to support the rulers or starve.