http://www.thestar.com/business/2013..._currency.html
“Erode is the right word. It’s not something that will happen overnight. But they’ll (foreign governments) be less willing to keep their reserves in U.S. dollars if they’re constantly under threat of the U.S. defaulting on its debt,” said Doug Porter, chief economist at BMO Capital Markets.
“Erode is the right word. It’s not something that will happen overnight. But they’ll (foreign governments) be less willing to keep their reserves in U.S. dollars if they’re constantly under threat of the U.S. defaulting on its debt,” said Doug Porter, chief economist at BMO Capital Markets.