Another simpler point is the overall health of the currency and the U.S. economy in general. While it can certainly be argued we've been moving in the wrong direction for a long time (greater debt, printing more dollars, etc.), the fact of the matter is that if you look at other currencies, they are in an even worse position. The U.S. dollar could fail but the problem is that there really isn't another currency that could take its place today.
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That is very true. We do have a bit of the "best house on the worst block" scenario. A lot of economies are struggling more than the US. When you look at the top ones, Germany and Japan have major issues. The US and China are battling things out with each having their own headwinds.
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