Nothing to worry about. As long as the US Dollar is the world’s reserve currency, there won’t be a mass dumping of US treasuries. Us Americans will always dutifully pay our taxes – that’s why the “full faith and credit” of Americans is nothing to sneeze at.
Now, what we should be worrying about is any indication that oil will decouple from the US Dollar. If the world decides it wants to buy and sell oil with anything else, like Euro or Yuan, then it spells trouble of the US Dollar.
Still, I wouldn’t worry. You know what happened to the last guy who tried to sell his oil with Euro……… and you thought it was because he was responsible for 9/11. LOL.
