Most nations will cheer our demise when it happens. Why? Because we have stepped on so many toes, it is not close to funny.
http://www.telegraph.co.uk/news/worldnews/europe/germany/10968316/Germanys-plan-to-take-on-NSA-Block-eavesdroppers-with-classical-music-and-use-typewriters.html
BTW - the methods they used are all valid if you have a little of your paranoid on.
The fact that we're fining foreign banks with billion dollar plus fines for daring to do buisness with Iran in American dollars, is even more threatening, to the permanence of the American dollar as a trading and a reserve currency.
ReplyDeleteFrance after seeing that basically told us to go pound sand while telling China that they wished to trade with them using the euro and the yuan.
The BRICS agreement signed today is another death knell. For the first time a country in the Americas is going to phase out use of the dollar. Europe's phasing it out as they sign bilateral trade agreements with China to use the yuan.