cheapybob

The Dollar as a Reserve Currency

I think the real worry is if and/or when all those dollars now being held by others as reserves get repatriated back to the U.S. as demand for commodities and cause inflation as a result. High inflation on commodities will not make for an easy day at the Fed or treasury, even with jobless rates ballooning. At some point those foreign lenders are going to say "Nada mas".