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Inflation is going on everywhere. Not just the USA or EU.
The US dollar is fucked. Though it wouldn't surprise me if they are tanking it on purpose. It also wouldn't surprise me if once it bottoms out they "save" us and introduce the Amerio, joining USA, Mexico and Canada to have a true North American currency much like the Euro.
There is already a lot of talk about the Ameiro, and you would need something major to happen to the USD in order to dupe the American people into not flipping out when they introduce it. In fact, if they create a problem and make the people believe a new currency is the solution, they win again. Mexico would jump all over it, Canada would not be smart to do it but I'm sure we could strong arm them into it. That's what America does.
Or maybe I just need to put on my tin foil hat and quiet down.
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