Printing money did reduce the foreign debt though, the more US spends USD to buy foreign goods, the worse for each other nations since they are now holding less valued money. It leads countries to plan to stop using USD to trade; and of course for El Salvado's case, start using BTC.
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I am not sure you how say the USD if valued all the major central banks are doing the same thing. Did you look at the balance sheet of the ECB? They are adding to it at a much greater pace than the US.
In terms of "money printing" the US only makes up about a quarter of all that is put out there.
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