https://www.zerohedge.com/commodities/why-gold-not-risingMust...

https://www.zerohedge.com/commodities/why-gold-not-rising

Must read the entire article.

I can not see how the US$ will remain as the reserve currency, what is the least terrible Option?

Not Many Options Other than Inflation

In this realistic light, let’s consider their options. Policy makers have four tools to address such debt, namely: raise taxes, cut spending, declare bankruptcy, or devalue their currencies through inflation.

The first two are already in play in the U.S., namely political efforts to raise taxes and ‘talk’ of cutting spending, both politically difficult options.

Taking bankruptcy off the table, leaves devaluing the U.S. Dollar as the favored option, which is achieved by deliberately taking real interest rates to extreme negative levels.