It will take time but it will happen, no one wants to fund America's debt any more so they really don't want dollar reserves.Originally Posted by Tawi2
On the subject of oil and oil prices I found this interesting,Obama said he wants change but I dont think he envisaged it going in this direction......
The danger for countries like China that have significant dollar reserves is the devaluation of those reserves if the dollar goes down the tubes, so replacement currencies will take time.
The other problem is no one really wants to fund our debt any more either.
Jim
