tag:blogger.com,1999:blog-6414722382816633494.post5657770291062049530..comments2023-10-26T20:28:01.865+08:00Comments on Rightways Technologies: US default could be doomsday option for economyRightways Technologieshttp://www.blogger.com/profile/12675896663803464743noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6414722382816633494.post-88541397249196552042011-04-25T12:56:17.032+08:002011-04-25T12:56:17.032+08:00Currently, US dollar is the dominant reserve curr...Currently, US dollar is the dominant reserve currency – one in which other countries keep their surplus assets – it has a major advantage over most other countries. Its (USA) external debts are in its own currency.<br><br>This is very dangerous and great risks when US government finances are in deep trouble, then all the US government has to do is to put in place measures which will increase the supply of US dollars – printing money to repay its debts, causing world wide inflation and dis-stabilizing other currencies.Rightwayshttp://www.blogger.com/profile/16150938067127325366noreply@blogger.com