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**BDDkDvgZ** · 01-26-2009, 07:30 PM

Dont tink it will become worthless, there still be some use

Wallpaper?

Americans are adding US$1 trillion to its debt every 15 months, China used to purchase US govt bonds happily, but now, China is using the money domestically to stimulate its slowing economy. So, who is going to fund the Americans' debt? Scary

Every country is not exporting so much to USA these days, so they do not need to purchase the reserve currency. even NOL ships are mothballed at port.

What is more is that the conditions for the USD as a reserve currency is long gone. If there is another country's currency with the right conditions to take over, the USD would have turned into wallpaper. But there is talk of returning to the Gold standard.

01-26-2009, 07:30 PM	#14
BDDkDvgZ Join Date Oct 2005 Posts 473 Senior Member	Dont tink it will become worthless, there still be some use Wallpaper? Americans are adding US$1 trillion to its debt every 15 months, China used to purchase US govt bonds happily, but now, China is using the money domestically to stimulate its slowing economy. So, who is going to fund the Americans' debt? Scary Every country is not exporting so much to USA these days, so they do not need to purchase the reserve currency. even NOL ships are mothballed at port. What is more is that the conditions for the USD as a reserve currency is long gone. If there is another country's currency with the right conditions to take over, the USD would have turned into wallpaper. But there is talk of returning to the Gold standard.
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