The fall of the Dollar...US dollars up to the 70's were backed by Gold, and was considered to be the World's Reserve- that has now changed, and basically the US dollar has no standard or value behind it, our deficient is so high, and we have borrowed so much, that no other Country will lend to us now (as we are unable to pay them back), so we just print more "money" and devalue the reserve futher. It has been suggested to get out of US dollars, and get out quick.
Once the US currency is no longer considered the World's Reserve it will become valueless, and effectively worthless overnight.
LUXEMBOURG (Reuters) - A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.
U.N. panel says world should ditch dollar | U.S. | Reuters
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