I watched the U.S. Prez on CNN today and couldn't believe he said the U.S. dollar has a "solid foundation"!! What planet is he on??
Do Americans even know what the value of the dollar is based on?
Do they know that every dollar is issued "at interest", and that the debt applied to each dollar at issuance can never be repaid?
Do they know that when the FED prints more money it causes the dollar to be devalued? Combine that with the cut in interest rates, and the U.S. dollar is in serious risk of losing what fiat value it barely has now. Even in Europe, you can't exchange anything smaller than a U.S. $20.00 bill, they consider $5s and $10s "toilet paper".