The US Dollars Fragile Reserve Currency Status<quoted text> U.S. Dollar has not dropped on Foreign Currency Markets....even set a record high, again'st the Japanese Yen, last Fall......
May 14, 2014
If the world loses confidence in the dollar, the cost of living in the US would rise sharply as the dollar drops in value. Economic hardship and poverty would worsen. Political instability would rise.
If the dollar lost substantial value, the dollar would lose its reserve currency status. Washington would not be able to issue new debt or new dollars in order to pay its bills.
Its wars and hundreds of overseas military bases could not be financed.