DislikedFrom fundamental side of things USD is the king. Everyone knows about the debt issues, however as long as the oil and other commodities are tied to dollar it's position will be stronger relative to other currencies in the long term. If you are a foreign nation and need to buy oil, first you need to buy USD! That is why Chinese and other nations will have bulk if their reserves in dollars regardless. Thats why USD will not be allowed to fail or fall below certain mark, even at expense of other nations.
Bottom line US can print money infinitum and...Ignored
They have to lay off many workers in every USA State. Their is the DEBT ceiling that needs to be raised however CUTS will have to be agreed to.
The last NFP number was awful at 103,000 and it will get worse.
The USA Banks are in big trouble as soon as they need to follow NEW FASB rules followed around the world.
Other nations such as China are buying some Oil in other currencies.
Gold is going OVER $1500 this year as more money is printed. Food costs are going up because of the US Dollar being printed out of thin air. USA is more of a currency manipulator than China.
Watch events in the USA this week between China and USA.
Feedback and comments are welcome.