Growing US Debt to 'Hasten Demise' of Dollar as World Reserve Currency

The growth of the public debt in the United States, now approaching $14 trillion, could cause the US dollar to lose its global reserve currency role, career diplomat and Council on Foreign Relations President Richard Haass said on Wednesday.


Haass warned that a "post-dollar world" will be more financially costly for the United States and will negatively impact the country’s political leverage to impose dollar-related sanctions.










Read more: http://sputniknews.com/business/20160406/1037603589/growing-usa-debt-kills-dollar.html#ixzz459y1xu7d