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<p>[QUOTE=&quot;Cloudsweeper99, post: 1112222, member: 3011&quot;]Two thoughts.&nbsp; First, the debt to GDP ratio at the end of World War II was far worse than it is now, and a post-war depression was widely anticipated.&nbsp; It didn&#039;t happen and debt as a percentage of GDP was lowered rather painlessly to reasonable levels.&nbsp; Second, this whole &quot;world reserve currency&quot; issue has become a talismanic response that completely blocks intelligent discussion.&nbsp; There isn&#039;t any replacement for the US dollar at the present time, and even if this happens, people will recall that the nation did just fine before the dollar was the reserve currency.&nbsp; It might even finally force some financial dicipline that everyone says they want.&nbsp; As they say in chess, the threat is stronger than the execution.[/QUOTE]</p><p><br /></p>

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