posted on Aug, 5 2011 @ 11:51 AM
The Euro is actually in greater danger than the dollar.
Worst case scenario for the dollar is inflation. Super inflation would be bad but only in terms of foreign purchases. Sure, we wouldn't be able to
sell off our debt: but we would be able to pay it off instead....
A declining dollar would make manufacturing in this country more attractive.
Am I implying that the dollar/debt situation is ideal? No, no, far from it.
But, at least as a result of having our own national currency we can do what we like with it.
Euro contagion has already spread to Italy and Spain. Further contagion is expected and the that house of cards will tumble before ours does.
Euros. No way.
Peso, maybe! lol.