The US has printed 20% of all dollars ever existed since 2020. Check the exchange rates with any other currency, EUR, British sterling, Chinese RMB. Did it become cheaper? Of course not.
We will always buy USD, because it has as a collateral 8billion lives.
Against everything else than other unlimited supply currencies, fiat money has fallen dramatically. It's a simple fact, not an endorsement of anything.
Everyone knows the basic mechanics of supply and demand on price, but somehow when it comes to fiat money, many manage to swap common sense with a number of convoluted theories.
Check the most widely accepted scarce commodity: gold. Gold/USD prices are now at the level they were in 2012.
Now if your argument is based on the USD price of Shiba Inu, well I have news for you.
https://www.investopedia.com/terms/p/petrodollars.asp
https://www.bloomberg.com/news/features/2016-05-30/the-untol...
If a country wanted to not buy dollars, here's how that would go.
No Dollars: "Hi, we'd like some oil."
Oil Producer: "Great, here's how much that contract is in dollars."
No Dollars: "How much would it be in my local currency?"
Oil Producer: "Well, you see, we don't really quote in other currencies..."
No Dollars: "Fine, I'll find someone who will."
Middle Person: "I heard you're looking to buy oil with Pentali Marcograms?"
No Dollars: "Sure am, what price will you give me?"
Middle Person: "10% over the exchange rate between Pentali Marcograms and US dollars. You know oil producers trade in dollars, right?"
