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Posted by: ProudBlueTexan 1 year, 5 months ago

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ProudBlueTexan1 year, 5 months ago

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"The loss of the dollar's purchasing power and international respect has some experts worrying that the euro might one day replace the dollar as the so-called primary reserve currency. And that could trigger a dollar rout as foreign governments and international investors flee from U.S. Treasury bonds and other dollar-denominated investments.....
Since roughly half of the nation's nearly $10 trillion national debt is held by foreigners, mostly in Treasury bills and bonds, such a withdrawal could have enormous consequences."
Why am I reminded of Katrina?

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