[SeeSharp]

The problem when they don’t use dollars is that we cannot tell if they’re following the rules that we set regarding who they’re allowed to trade with.

It also means we can't export our inflation to them every time the Fed decides to go on another printing spree.

[canuck_conservative]

always amazed to see how many Freepers are cheering for America’s downfall

[BobL]

“It also means we can’t export our inflation to them every time the Fed decides to go on another printing spree.”

There’s enough money in private pensions and 401k’s to cover most of our debt. Once we start paying interest rates on our debt that actually matches the risk, I expect the response to be that those accounts get nationalized, with some much lower value annuity being paid out to the former owners.