and secretary john connelly at that point put a nice twist on it saying the dollar is our currency and your problem. the expectations were that the dollar would lose credence and nobody would want it. we have been humilitated and it would be replaced by the mark, then the yen, and then the euro. this was during the ben bernanke era creating uncertainty. but the dollar maintained purchasing power and more so on world markets. really the reason the people have faith in the dollar really two reasons. it has friction power in the united states and because it is based in a country where the laws and legal systems are trusted and the transparency, for instance, some people suggested that the chinese currency will be the new reserve currency but no one knows how much chinese currency is out there and no one knows the debts of the banks are. they don't have that transparency. the dollars' strength rest on the strength of the american economy and system and the lack of the gold back hasn't affected that. class carter stegal separated banks from investment banks. that was eroded and done away wi

and secretary john connelly at that point put a nice twist on it saying the dollar is our currency and your problem. the expectations were that the dollar would lose credence and nobody would want it. we have been humilitated and it would be replaced by the mark, then the yen, and then the euro. this was during the ben bernanke era creating uncertainty. but the dollar maintained purchasing power and more so on world markets. really the reason the people have faith in the dollar really two reasons. it has friction power in the united states and because it is based in a country where the laws and legal systems are trusted and the transparency, for instance, some people suggested that the chinese currency will be the new reserve currency but no one knows how much chinese currency is out there and no one knows the debts of the banks are. they don't have that transparency. the dollars' strength rest on the strength of the american economy and system and the lack of the gold back hasn't affected that. class carter stegal separated banks from investment banks. that was eroded and done away wi