Are We Going to Lose the Reserve Currency of the World?

The world always wants to hold a reserve currency because that's what you save in. The owners of those bonds and most importantly I would say it's a combination of central banks, cyber well funds and of course some other investors but they are overweight in bonds. They're going to have to buy more US bonds than they had to buy when the rewards of those bonds are bad. So we are testing the limits of how far we can go in a fiat monetary system. We'll diminish with time and so we're testing the limits. That is a risk that one has to watch very closely.