The 21st Century will be the American century, just like the 20th Century. Americans may have to tighten their belts a bit after all the sins of Alan Greenspan and the Clinton-Bush debt generation. But the dollar will still be the world's reserve currency long after the euro has disappeared and the yen has been forgotten...Dollar to Collapse? Ambrose Evans-Pritchard, Daily Telegraph, 7/13/2007
"Disregard all hysteria," the author says. We should bring him over here to advise the Democrats. His reasoning for dispensing with the euro and the yen is very solid and cogent. Enjoy the whole piece.