The Future of the US Dollar as World Reserve Currency Terry Sacka AAMS

THE FUTURE OF THE AS WORLD RESERVE CURRENCY Terry Sacka, AAMS THE CHANGING OF THE GUARD One of the most galvanizing topics in world economics is the U.S. dollar's future as reserve currency and a possible "Changing of the Guard". Terry Sacka, AAMS appeared on the Wealth Transfer show to discuss this subject in detail. The dollar's role as the world's primary reserve currency is what helps to keep interest rates low in the United States. Foreign countries purchase U.S. Treasury debt since dollar-denominated assets are the best way to hold foreign exchange reserves. Foreign countries all over the world hold financial reserves in some form of currency and the U.S. dollar is the most common currency for international reserves. The recent budget crisis, debt ceiling crisis and the 2011 credit rating downgrade have made the U.S. economy look relatively shaky. This has even prompted Liu Chang for China’s official news agency Xinhua to release the statement, “. . . it is perhaps a good time for the befuddled world to start considering building a de- Americanized world.” Terry Sacka, AAMS is a financial analyst and founder of Cornerstone Asset Metals in Jupiter, Florida. He assists and guides investors on how to use precious metals in the form of physical assets such as gold and silver to hedge against systematic and inflationary risk and preserve their hard-earned wealth.