Dollar crisis and the coming collapse of US global hegemony - English pravda.ru
"The US is bankrupt. Yet Uncle Sam continues to stride the world stage and can simply print more money to get by because the dollar is the world's reserve currency. Remove it as the reserve currency, and the US will no longer be able to remain supreme or fund its wars by relying on what would then be a worthless paper currency. Today, more than 60 percent of all foreign currency reserves in the world are in US dollars, and the US will attempt to prevent countries moving off the dollar by any means possible."
Recommended reading:
The $17 Trillion Dollar Party - theeconomiccollapseblog.com
