By recklessly printing, borrowing and spending money, our authorities are absolutely shredding confidence in the U.S.
"Most Americans don't realize that there are far more dollars in use in the rest of the world than in the United States itself. The following is from a scholarly article by Linda Goldberg...
"The dollar is a major form of cash currency around the world. The majority of dollar banknotes are estimated to be held outside the US. More than 70% of hundred-dollar notes and nearly 60% of twenty- and fifty-dollar notes are held abroad, while two-thirds of all US banknotes have been in circulation outside the country since 1990
"For decades we have been exporting gigantic quantities of our currency.
"So what would happen if that process suddenly reversed and massive piles of dollars started coming back into the country? ..."
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