Replies

How will this bill stop other countries from replacing the U.S. greenback as the world's reserve currency? Whether the instrument is a “world currency”, or SDRs, or simply a basket of currencies; a unilateral declaration by the U.S. won't stop them. The way for the U.S. to preserve reserve currency status, is to restore the trust in the greenback of trading nations & particularly of creditor nations. Obama’s spending spree is making creditors antsy — they know they risk getting shafted by debt monetization & the resulting devaluation of the dollar.

Agreed, but her bill would serve several purposes. First, it puts Obama and the democrats on the spot and on the record. Secondly, it puts a kink in the plans of those who want a global currency. Third, this bill can get passed a lot quicker than Obama "restoring the trust in the greenback". Let's pass the bill AND do as you suggest.