The Triffin Dilemma

``Like every other country, the US needs a weaker currency. However a global reserve currency operates under different rules to ordinary currencies. In times of global uncertainty, like now, the US dollar will be strong regardless of its fundamentals... But debt levels have reached a point where this system no longer works properly. The crisis of 2008 has quickly given way to the European sovereign debt crisis of 2010. They were just a sign of things to come.''