The Fed has become the great enabler. A key role of a reserve currency is to force other currencies to toe the line or pay a stiff price. Ignoring this economic reality translates into pain for those holding the currency of any country that abuses this economic law.



The rapid expansion of debt and credit during the last decade could not have occurred without the Fed being totally complicit and in agreement. It has been the Fed that decided to allow the dollar to be used as a global prop.



Trump's desire to manipulate the dollar lower to boost exports would take the world down a very slippery slope. The article below explores the problems it could cause.



https://brucewilds.blogspot.com/2019/06/manipulating-valve-of-us-dollar-very.html