the US dollar is turning into toilet paper

[xxThe_Lebowskixx]

my minimal understanding of the econmics of the US currency is that the dollar is getting killed because

the US imports more stuff then they export
the US has huge debts in dollars
the US gov spends more then it takes in

Everything I read and hear pretty much says that dollar will definitely continue to decline, but will do so slowly because a hard fall could hurt the World economy. I have not read or heard a single forcast of the dollar recovering.

While this might not mean much to you guys, for people living overseas, the dollar has declined about 20% in the last three years.

I have invested in Foreign Index ETF like IF and EWM because when the dollar goes down, I believe these go up and equal amount. These seem to work well because 1. they are easy to purchase, 2. they are inversed to the dollar, 3. they gain interest

Comments on the future of the dollar?