Economics/U.S. economics


Lately I've heard national debt is so high
our dollar will lose  status as dominant reserve world currency.
Do you know anything about this (would you even want to
comment)? ?

  Or is there someone you can refer me to?

Thanks     Dick

Thank you for your query. Bear in mind that the US Dollar as we know it, is just printed paper.  It is not backed by gold, as it was til 1971.  The backing is the US Economy and the reserves in hard currency and bullion the US has.  Thus, in my opinion, the strength or weakness of the dollar tends to be more of a psicologic issue.  The currency will weaken against other currencies if the economy does not turn around soon and we do something about the debt. We need to start saving.


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