A Comment About

Why Wasn’t France Downgraded Sooner?

January 28, 2012 - 12:02 am - by Michel Gurfinkiel
David W. Lincoln
2012-01-28 12:22:45

Call that one of the benefits accorded to the US via it being viewed as a global reserve currency.

When oil, for instance, is no longer priced in US dollars, the days of the US dollar being a global reserve currency are either numbered, or in the rear view mirror.