[QUOTE=bitonti;3978045]this WSJ author is coming at it with assumptions that are pretty gloomy. I dont think the world is ready to dump the US Dollar as reserve currency, what would they buy instead? The Euro (Spain/Greece/Ireland are on verge of bancrupcy)? The Yuan (corruption and communism)? The Yen (stagflation and tsunamis)?
seriously what would replace the dollar?[/QUOTE]
The Amero? JK.
I dont think he is suggesting that the world would dump the dollar. Thea article focuses mostly on the usurption of public assets for private gain. The OP asks how we could finance another war. This article suggests that entitlement programs would be the obvious resource.