Is This The Most Important Chart For The Future Of The World’s Reserve Currency?

–  Is This The Most Important Chart For The Future Of The World’s Reserve Currency? (ZeroHedge, Feb 25, 2015):

When it comes to the future of the dollar status as the world’s reserve currency, the most important chart may be the fact that the US is now so woefully buried in debt that another global military conflict appears inevitable…

US debt

… or that it now takes virtually unlimited monetization of the debt shown above to preserve the illusion that the US is not bankrupt, pushing the S&P to record highs in the process…

fed monetary base

… or that the marginal impact of every additional dollar in new debt generates increasingly less economic growth?

credit vs GDP_0

Indeed, the “most important chart” may very well be any of the above, but in our view the one chart which, both literally and metaphorically, will determine how much longer the USD will reign as the world’s reserve, is the following.

size of us army_0

 

1 thought on “Is This The Most Important Chart For The Future Of The World’s Reserve Currency?

  1. Are these writers drinking on the job? The future of the world’s reserve currency will cause more wars? The worlds reserve currency is obsolete thanks to Hugo Chavez, and the introduction of the Sucre. The Sucre, and others modeled on it, have made the need for any world reserve currency obsolete.

    I am too tired to say more than that. Russia and China took Chavez’s system, and recruited 70% of the world to their side…………….called BRICS. An electronic currency translates the value of all currencies at the time of any international transaction, making the need for any world reserve currency as obsolete as the horse and buggy.

    Technology has shot the entire concept in the foot.
    These boys need to pay attention.

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