On the long run, rising concerns for economic stability increase even further as the national debt of the U.S. has crossed $34 trillion. And, as budget deficits worsen and political stalemate continues over spending, the questions arise: could the dollar lose its preeminent status as the world’s reserve currency? Seismic effects would follow-shaking international trade, […]
The U.S. Debt Crisis: Will the Dollar Lose Its Reserve Status?
The U.S. national debt has surpassed $34 trillion, which poses the greatest concern regarding future economic stability. Increasing budget deficits, coupled with an almost stalemated political situation over spending, raise the question: could the dollar lose out on its place as the world’s reserve currency? The costs would truly be titanic, rocking the ship of […]