as i said i think the dollar is doomed the day most of the world has not to buy dollars any more to pay their oil. this is the biggest threat to your country (bigger then iran, north korea...) because you would lose all the “benefits” beeing a reserve currency. but on the other side i can not see for example the EU would be willing to take over this role of a reserve currency if possible (because it would definitely benefit “us” the short way but in the long way it would be the same. the Euro would be held hostage instead of the dollar from the rest of the world). and more important neither EU nor China has a serious personal interesst in a poor US. a little bit weaker? definitely yes. but doomed. Hell no. so i don´t think this will happen anyway
greetings
I will be shocked if it doesn’t happen and our current administration and congress will be dancing with glee. They are out to destroy us and this could do the job. Remember our government refuses to allow us to drill for additional oil, build additional refineries, burn more coal, build more nuclear, instead forcing us to “develop” useless solar and only slignhtly less useless wind power.
I will be shocked if it doesn’t and our current administration and congress will be dancing with glee. They are out to destroy us and this could do the job. Remember our goverment refuses to allow us to drill for additional oil, build additional refineries, burn more coal, build more nuclear, insteas forcing us to look at useless solar and only slignhtly less usless wind power.