The potential loss of the dollar as a reserve international currency is underway. The ability to protect U.S. global interests will be diminished in this process.
Do
not treat unlimited government spending lightly. The repercussions
can be extremely serious in matters of our economic and also national
security. We're in trouble if other countries fail to want dollars for their currency.
A
budget deficit that cannot be overcome without massive taxation
guaranteed to stifle economic growth to prevent deficit reduction is
the major difficulty. ( See the Earl J
Weinreb NewsHole® comments.)
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