The Hill News

If you’ve been living in the United States during the past three months and you're not aware of this “debt crisis” everyone inside the Beltway is talking about, then you’re living under a rock.
 
The sad truth is, the rest of the world knows about it as well, they’re watching, and let’s just say they’re even more scared than we are on these shores. The reason? The U.S. dollar acts as the reserve currency for hosts of commodities traded every second of every day around the world. Further, the dollar also acts as the “pegged” currency from which many more goods and services are linked, most notably oil.

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