The issue is primarily one of the US electorate, as long as their dollar denominated assets increase everything is fine, if dollar denominated assets are seen to depreciate heads roll, therefore in order to maintain political power the assets of the electorate must be seen to continuously rise. (eg. It's ok if the dollar is worth 20% less as long as your house is worth 20% more dollars)
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The issue is primarily one of the US electorate, as long as their dollar denominated assets increase everything is fine, if dollar denominated assets are seen to depreciate heads roll, therefore in order to maintain political power the assets of the electorate must be seen to continuously rise. (eg. It's ok if the dollar is worth 20% less as long as your house is worth 20% more dollars)