If demand for petrodollars falls...it would dethrone the dollar as the reserve currency which would cause countries to dump their Treasuries...inflation...we are talking mega trillions.

@Steven Lowe  Look at the exchange rate of every currency in the world since the pandemic, everyone's in worst shape than we are. 

On your second point, what would cause the US dollar to not be the world reserve currency? 

Double check property and transfer ownership rights and  currency transfers.Prospecting, buying, managing, sellling.

I was.It's the difference between having "money" and having "currency". $1,000,000 in gold vs $1,000,000 in dollar bills. 

The dollars value stands in most part from it's standing as world reserve currency, remove that standing and the true next value is only on domestic utilization which we produce and export near to nothing anymore, intensely dependent on imports, that sets a value of somewhere around $0.04 on the dollar.

Hi Jay,I'm also Australian (currently living & working in Vancouver, Canada) and just had some thoughts on your post - If transferring any money over to US currency, for your investment deposit or to pay for ongoing operational or capital expenditure expenses for example, you may need to consider the exchange rate as the US currency is significantly stronger than the Australian dollar at the moment.

Most folks are not accounting for the fact that we may very well lose reserve currency status... all the USD in the world won't fix that problem.

The peso is a free floating currency and the Mexican government doesn’t intervene to bring it up or down.

Dumping $2T in the country debt diluted the dollar and could be considered manipulation of our currency.