The dollar vigilantes were right from 1985 to 2008 - but now they are fighting the last war. They've missed that we're at the start of a dollar bull run. That double bottom that formed from 2008 to 2011 is screaming it out loud.
Only problem is this index of global currencies, is now sliding fast against both bitcoin, other cryptos, and more traditional money assets like silver and gold. Measured against other fiats, maybe there is a bull run coming. But measured against real money, the whole basket is in freefall.