Yes i agree of course that especially when you have money and little production you will have inflation, but with a negative trade balance, caused by little production, it seems very tricky the amount of dollars to come back to the USA. That means that since foreigners will hold a lot of USD, which will not be the the reserve currency anymore, or not the only reserve currency, you will not be able to control effectively your currency. Right? 

 They definitely won't be able to control it.  The question is will foreigners be desperate to get rid of dollars and buy anything to get rid of their dollars.  If that happens, the US dollar quickly becomes worthless.

I think we are seeing it in a very small way, but we will reach a point where the dollar will crash.  I could be wrong. 

 Yeah we don't know this. This is very fluid right now. We'll see...