What are the implications to the average American (if any) of the dollar’s loss of status…?
…as the “world’s reserve currency?”
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6211858/HSBC-bids-farewell-to-dollar-supremacy.html
http://news.yahoo.com/s/afp/financeeconomyg20forexuschina
What does this really mean for us, and what will happen if China decides to ship its dollars back here and go with SDRs?
See “Weimar Republic Germany,” for the relevant history lesson.
