If the dollar is weak it will cost us more to service our debt because it's worth less. A weak dollar is inflationary because you need more of them to buy the same goods .

If we owe $100 but it drops in value by half, then we essentially owe just $50. On the other hand, if we owe $100 and the dollar doubles in value, we essentially will be paying back $200.00.

I believe this how how Fredrick the Great got Prussia out of financial difficulties. He devalued the money but increased the taxes.

6-12 month t-bills and 2-3 year bonds?

plus idiot GOPs.

all Negotiations be in Mandarin.

China manipulates the value of the yuan. It may not be as attractive to Saudi Arabia as some may think.

Fact check: Does China manipulate its currency?

http://www.pbs.org/newshour/rundown/fact-check-china-manipulate-currency/

Not much we can do about this fact.

Leaders who refuse to govern and instead create chaos. We don't take care of our citizens like other modern countries do.

The lack of a secure voting system made us ripe for Putin to subvert our democracy. Trump is a laughing stock, and quite dangerous. And when we get a genius politician like Obama, who is good to his core, the GOP clowns overturn everything he did.

We don't deserve to be in first place anymore.

And probably intermediate term.

It would be the beginning of the end of US hegemony and neo-imperialism. Say what you want about the Chinese — some of it’s probably even true — but they haven’t been shooting at everybody they could on six continents for the last hundred years or so, nor have they totally fucked up virtually every country they’ve ever touched politically & economically.

So, for the rest of the world, maybe not so terrible. There are other people’s interests than mine to think of, or ours.

All that having been said: an awful lot of the Chinese economy and individual Chinese wealth is tied to the American dollar. Switching to the yuan might not appeal to the Chinese 1%.

Of course, there’s an opposite to THAT, too. Xi & company have really been promoting the Marxist line lately, trying to remind people of where they came from. If the next elected leader is more Marxist (not likeliy, IMO, but if the many mainstream Party members voted with the mainland Kuomintang, who are the total opposite of the Taiwanese version, I could see it happening) then a switch to the yuan is good for everybody and damn the Imperialist Running Dogs.

Theories say Iraq was on the verge of selling oil on Euros hence the war...

...brings some economic control to the US. We limit our dollars and the value spikes simply because nations need them to buy oil. Or increase supply a bit and it devalues when nations need to sell the currency...making American exports more attractive. With just the slightest manipulation, the country "profits". Can also manipulate foreign policy, need oil? Well you need dollars and we don't think your currency is worth as much....unless you...

Richer nations keep dollars in excess for their reserves, poorer nations are a bit screwed. Plus, the dollar is used as a universal currency, which means we also have more influence on the international banking system.

Losing the status of an "international currency" means we have less influence on international financial transactions and using it to our "advantage". Russia already bypasses the US Dollar and Iran has been trading in Euro's for awhile now...only a matter of time in my opinion, they request the same of Saudi Arabia. China demanding trade in Yuan is just the next domino to fall.

That's what these "merika" first idiots don't understand....we are putting the US first via the international stage. Taking the US off of it means we have less influence and more nations will be less willing to do trade pacts that can often give us an edge. For example, taking us out of UNESCO now means we have absolutely "no say" in its operation....while other nations, such as China, India, Russia & Brazil have more influence and will commit to treaties, operations, etc. that are more in opposition to US interests.

We're basically fucking ourselves without the grease.

Only a Deplorable would think having the dollar lose the status of "international currency" is a good thing.

...but Keynes advocated Bancor as an international currency. To avoid what the US currency became and to avoid currency battles, the eventual result once a nations "international" currency goes to hell, etc.

The problem with deplorable's, they think we can be assholes to the world and still maintain our status and stature. They really have no fucking clue. They act like the world is still rebuilding from WW2 or some other issue. Had someone quip to me how Europe is failing and bankrupt due to its socialist policies...and I'm thinking "since when?". Realized I wasn't going to convince someone who thinks the moon landing was faked but at the same time thinks technology has advanced so far that the government has enough ability to control the weather via chem trails and so on. So I didn't bother.

But, I was wondering where he got that lame brained wild idea. Then it occurred to me, the problem of Greece and rumors of other nations possibly being a bit close to the wire. So despite, the EU and hell Scandinavian countries...the most socialist of all, being in good hands except for a couple of bad actors who still leaned towards less taxation...he thought the whole thing was shot. Cognitive bias and general distrust...I can't fix that.

Our standard of living will be wiped out in a matter of days or weeks.

The OP verb should be "might."

I see posters here manipulate headline. I sometimes do it but I prefer to let a person's work product stand as is

Oil will be permanently cheaper than water.

Obama tried to warn us. When we gave it up we ceded to China.