U.S. DOLLAR AS WORLD RESERVE CURRENCY: HOW LONG?
Many nations are discussing breaking the U.S. stranglehold on the world's reserve currency. The only thing people don't seem to be keeping in mind is that those holding U.S. dollars will lose all the supposed value in those holdings if the U.S. dollar is forced to plunge.
The U.S. Treasury is attempting to continue playing sleight of hand, smoke and mirrors, voodoo economics, call it what you will, by artificially supporting the value of toxic Credit Default Swaps and Mortgage-Backed Securities.
Also bear in mind that the U.S. could default and reorganize under a new global currency.
Lastly, the U.S. could go to total war just short of total thermonuclear exchange in order to overthrow all other regimes that would seek to overthrow it as the sole superpower. Don't discount that. When people start going hungry for days who have never missed a meal, they will be willing to fight and killed for potential continued survival in the flesh.