from Rogue Money:
Quick Overview: Once the world began a full blown transition into a global economy, the sovereign entities at the top of the heap took center stage. Competitive forces competing in a non-violent manner for business market share on the world stage is now more important than ever. To have major trade deficits with key world players is akin to putting yourself behind the curve. To put it bluntly, you are constantly playing “catch-up!”
If you happen to have the advantage of being the world’s reserve currency, like the USA, then you can “temporarily” stave off the final nail in your economic coffin. For reference, that would be the massive nail that defines a “needs” based product inflation. “ TEMPORARILY” is the operative word in the prior sentences.