Yes the dollar is absorbing liquidity as other currencies continue to weaken and they're offering a slightly higher interest rate now there's a flight towards the dollar hoping to suck inflation out of assets, but it's also sucking it out of risk currencies, not only risk assets.

The only currency that seems to be immune to it, i the ruble, something I don't think brent accounts for or predicted and I think it's going to become a big factor in the coming months

the fundamental thesis that all currencies are weaker than the dollar and will continue to grow weaker is correct because money is a winner take all social network. everyone wants to use the same currency and the offshore dollar denominated bank accounts (Eurodollars) only make usage of the dollar that much easier and destroys the network effects of other currencies

not to mention tether is Eurodollars on steroids

They have some facts backwards like default destroys fiat, but the short term conclusion is sound. Im not convinced he has enough of a full understanding to predict beyond a few years, and he dismisses the power of the US consumer to stabilize the world economy by pressing for more foreign goods. As soon as Brandon figures out that China is intentionally blockading seaports to slow US imports and thus slow injection of dollars into the world economy and cripple rebuilding of domestic production, and he uses the merchant marines and allied navies to organize ocean shipping; everything we're worried about today will magically disappear. I just have no way of knowing how long the administration will shake in fear before they act, if at all.