Saturday, October 3, 2015

Dollar’s Important Use as a Reserve Currency

                     
The potential loss of the dollar as a reserve international currency is possible. The ability to protect U.S. global interests in the future will be diminished should this lack of convertibility occur.
                       
Therefore, do not treat unlimited government spending lightly. The repercussions can be extremely serious, in matters of our economic and national security.
                                           
Think budget control; the debt ceiling question; spending below that ceiling. That resolves the problem. A budget deficit that cannot be overcome without massive taxation is guaranteed to stifle economic growth, to prevent deficit reduction is thus the major solution. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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