Financial Panic, Part 4

It will only take just one spark to set the world financial systems aflame. Over the last three weeks we have discussed three of the possible sparks. On Monday night we will focus on Spark 4: The Loss of the US Dollar's World Reserve Currency (WRC) status. Former Secretary of the Treasury, John Connally, once famously said to the world, "The dollar is our currency, but it's your problem.” The whole world uses the dollar as the main currency of international business and as the main reserve currency in Central Banks. Cracks are forming in this decades long arrangement. The replacement of the dollar is inevitable. We will discuss the reasons why the Dollar will lose its WRC status, and what it will mean to you. Experts believe this loss will lower the standard of living for the average American by 25%.