"The US is printing money madly because they want to let the...

"The US is printing money madly because they want to let the inflation genie out of the bottle. This will in time help their sub prime losses as the value of real estate increases"-
just a thought, what if traders didn't run to gold , but ran to the Euro[financial], or the AUD [commodity weighted] , or even the Ruble [energy]? A nice little carry trade forming, with the worlds reserve currency, and absorbing the inflationery effect of massive liquidity injection, which inturn eases the pressure of foreign debt?
Note , this is just nother 'way' to look at Forex behaviours, so is more a muse than a statement.