John: the dollar's trusted status as world default currency will not go away soon (2011)
prediction · status: unresolved · last event: repeated (2012-10-23) · owner: John
In August 2011, explaining America's debt, John said the dollar's trusted place as the world's default currency would probably not go away soon, though each show of political or economic inability chips away at the world's faith in the US.
About: reserve currency
| date | event | what | video |
|---|---|---|---|
| 2011-08-10 | predicted | John says the world's trust in the dollar as default currency is probably not going away anytime soon, though political dysfunction erodes it in the long run. (hedged) | Understanding America's Debt Problem 00:03:23 |
| 2012-10-23 | repeated | John says a debt spiral might be much worse for the US than for Greece, because it enjoys the world's most trusted currency: most US paper currency circulates abroad, keeping its debt cheap. (hedged) | Understanding the National Debt and Budget Deficit 00:04:01 |
What is said about it
1 statement, by date (the events above are the turns of the thread; these are the details).
- 2011-08-10 · Understanding America's Debt Problem — John says that even downgraded, US debt is still much cheaper than many AAA-rated countries', and the dollar's role as world default currency plus trust in US repayment is worth trillions of dollars a year. — 00:03:40