US ‘will lose financial superpower status'

[VCheng]

.............. Secur was right America is in demise which would be speeded up if they did not have the exorbitant privileged of reserve currency status

Well, the OP is from 2008, and the status of the dollar is still secure as the reserve currency, isn't it?

 

[lem34]

Well, the OP is from 2008, and the status of the dollar is still secure as the reserve currency, isn't it?

Nope its on a slope going down

 

[R0H1T]

Nope its on a slope going down

What has the world's defacto reserve currency got to do with the demise of US hegemony ?

 

[Secur]

What has the world's defacto reserve currency got to do with the demise of US hegemony ?

Everything ! Wake up ! If it wasn't for the fact that Federal Reserve can print unlimited $ , do you really think that US economy would have survived until now ?

 

[haviZsultan]

The thing is we hope US economy will collapse. The problem with that is that the worlds economies are pegged to the US. So if their economy falls into problems we will be facing problems too. The thing is we shouldn't have given US so much power over our countries.

 

[R0H1T]

Everything ! Wake up ! If it wasn't for the fact that Federal Reserve can print unlimited $ , do you really think that US economy would have survived until now ?

The US prints $$ for its domestic economy so it doesn't ask CN to buy its debt ! The US is still a AAA rated nation & like Germany it enjoys pretty much a free ride with near 0% yields on its treasury bonds. You might not know how an economy works but printing money doesn't mean a thing when there are no takers for it, even today many financial institutions like the PF/MF industry across the world have to invest in govt & specifically AAA rated instruments that are hard to find. The size of the US economy & its insatiable thirst for merchandise imports(also most online payment service providers like Visa, Mastercard, Paypal are US firms) make it a default mode of payment not much else