Question by Clay Mcdonald: Honestly what would happen if USA lost world reserve currency status?
Last year France, China, Russia, and a few arab countries met in secret. (read EU newsletter online)
They were trying to figure a way to make a currency to trade oil in that wasn’t a dollar. England had the reserve currency for hundreds of years with British sterling silver, in 1945 America took it the reserve world currency.
Example: Japan wanted a bunch of new Wal Marts and would build the stores if Wal Mart would stock them on credit. Wal Mart agreed on one condition, Japan not pay for it in dollars but in yen. HELLOOO !!!!!
so what would happen if we lost it?
Answer by mbcorson2000
DEEP depression, that is the only thing keeping america’s head above the water.
What do you think? Answer below!