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To: SeekAndFind
China and other nations are already challenging the dollar's status as the world's sole reserve currency. Revving up the printing presses at the Bureau of Currency will only make that result inevitable.

If the US loses reserve currency status, we'll become third world overnight...

22 posted on 06/10/2011 8:15:46 AM PDT by GOPJ (In times of universal deceit, telling the truth will be a revolutionary act. - - Orwell)
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To: GOPJ
If the US loses reserve currency status, we'll become third world overnight...

Imagine how much gas and food would cost if we had to use worthless dollars to buy another currency before we could buy oil.

23 posted on 06/10/2011 8:19:02 AM PDT by N. Theknow (The MSM is to 0bama what the Broom-n-Scoop Detail is to a circus parade.)
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