The Fear of the Dollar

There are a couple of issues pressing against who and what is the trade and reserve currency. One is who's got the biggest weapons and there's no doubt that Russia and China are making progress on the biggest weapons issue. The second is who's the, who's the manufacturing powerhouse and China's made tremendous inroads  and built up enough of a balance of payment to be a lender. But then the third is, you know, who'sGot the market liquidity and who controls all the debt and what currency is all the debt denominated in and the US shines on that one.