George Soros, the financier who made a fortune betting against the pound, went so far Wednesday as to say that the downturn would put an end to the long status of the dollar as the world's default currency. "The current crisis is not only the bust that follows the housing boom," Soros said. "It's basically the end of a 60-year period of continuing credit expansion based on the dollar as the reserve currency." _________________________________________ As much as i dislike Soros's political views, i agree with him on his views of the US Economy and Dollar. The writing is on the wall and, IMHO, by 2010 if not sooner, the US currency will no longer be the "reserve currency". US is now a third world market, similar to that of an "Emerging market" of those third world countries like Brazil, India, etc. The Debt to income ratio of the US gov. and the average US consumer does not justify the Current dollar level. The dollar may continue to fall for the next decade. FEDs have only created the foundation for the same mess, they used the same tools that brought the Super Power's economy to a Third World Stats. US GOV bonds will be the next 'Down grade". If not in 08, in 09 IMHO. So make your money fast. It will be easyer to ride the decline of Living standards if you got the jack! This is not USA bashing, this is in your face, honesty.