You may be right.

I would not expect in ten years for the dollar to loose its reserve status. But I expect its use will be diminished. Just like the Euro and Yen command some reserves the Yuan will also become slowly a player. Reserve status is not an on and off switch. Central banks keep reserves to meet their needs. I would expect the dollar status to be reduced in its need as reserves (as more countries start to use the Yuan to settle trade). An evolution, not a revolution.

Concerning inflation you are correct in that official inflation has not reared its head. But I would argue that the money has went into stocks, bonds, land rather than traditional measurements of inflation. Debt has not reduced. Debt is what creates the money. The money has went to areas we do not count toward inflation.

Here is Rickards latest on inflation, for what it is worth.

http://www.zerohedge.com/news/2017-09-21/jim-rickards-warns-qt1-will-lead-qe4

John