arraya – if some country loans us dollars and we are to pay them back in dollars, whether or not the dollar is the only reserve currency or not a reserve currency or one of many reserve currencies doesn’t mean anything. What matters is we can print dollars and give them to the people from whom we borrowed the dollars.
Lots of long posts on here. Not sure why. It’s pretty simple.
arraya – suggest you spend some time reading Mish’s site. You could spend a week in there and not come out. He is one guy who really gets it.
