One response to “How Many…

  1. Any country that has to repay their debt in U.S. dollars is “taxed” as the U.S. dollar or the country’s currency loses value. The countries like China, Brazil, Saudi Arabia, etc. that would like to get out from under the U.S. dollar as the world’s reserve currency cannot decide on what should replace the U.S. dollar, in what monetary units their debt and trade activities should be paid. They do not trust each other on many fronts, and they distrust their respective currencies even less. What they have in common is a hatred of the U.S. as the master of the planet’s reserve currency. What they should be doing is looking at settlements in gold, and maybe silver too, as debt and trade payments. But that won’t happen until the U.S. dollar and the USA collapses and that situation is pretty far into the future.

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