Comment: the author is on the right track, though he fails to cite solid numbers to support his stories. What he describes here is common knowledge among financial expertise--the Bretton Woods II system.
He totally missed out the importance of mid-east nations/oil in this triangle dollar recycling. The collapse of USSR spelled the end of the atlantic alliance between US and Continental Europe. The rise of euro/China/insubordinate mid-east bring the end to this global dollar cycle... as well as our global prosperity.