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<<Why though? We've quadrupled our debt recently and have no plans to pay it back anytime soon. Just cause it's America doesn't mean it will always be that way.>>

And how has this story changed (other than the recent jump in debt) in the past decade? It's not like we were ever planning to pay off our debt, but China kept buying.

They weren't buying with the expectation of principle payments. They were buying to support their mercantilist policies. I don't see their domestic consumption jumping so significantly that this will change any time soon. Hence, the alarm is just pointless media arm waving.

The fundamental problems with the dollar have been present for quite some time. Hence my lack of confidence in it long term.

But the situation has been sustained by countries (Germany, China, most of SE Asia) artificially supressing their currencies to support export industries which rely on American consumers. They can't allow the dollar to fall too far because then our exports (and domestically made goods) will become competitive and wipe out significant portions of their economies.

Nothing stays the same, but nothing changes overnight, either. America won't always be the king of the world, but China is a lot further away from supplanting us than dollar screamers would have you believe.
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