Is a Euro Dollar The Solution to the Decline of the Petro Dollar?

With the Fed seemingly determined to end its multi year/multi trillion dollar money printing quantitative easing (QE) program, many have pondered who will buy the U.S. Treasuries at the current prices in order to maintain low interest rates. Belgium has appeared in recent months as a large buyer of U.S. Treasuries

A new Euro Dollar can be modeled off the Petro Dollar in that the U.S. continues to provide defense support to the NATO countries and in return Europe is required to buy billions of dollars of U.S. Treasuries.

https://smaulgld.com/euro-dollar-way/

Thoughts?