Will a new reserve currency develop and this will force the United States to pay down its debt at a high cost to its economy?

Arthur Wright answered

Its possible but I think all the big countrys should get together and forgive any and all debts and just start all over again. They seem to do this with the small countrys and besides if the world is going to end late next year, who cares about any debt as it wont do anyone any good once the world ends

Janey answered

The much-talked about proposed currency the AMERO could be the new reserve currency,as its'format may the solution to the weak dollar and global economy.The credit chaos in the US sub prime market could be a keystone,orchestrated by the Fed reserve and banks to cause the Dollar crash.With so much uncertainty surrounding the major Euro currencies and the relative newness of the Chinese Yen as a strong player, an Amero amalgamation could work.It might force down the US debt, but could still damage the economy as it would take some considerable time for the US dollar to strengthen with Wall Street being so volatile.

Will a new reserve currency develop and this will force the United States to pay down its debt at a high cost to its economy?

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