"The next crisis could be a dollar crisis," he warns. Foreigners own roughly $23 trillion in U.S. stocks, bonds, real estate and factories; Americans own about $20 trillion in foreign assets. That's the reality of being the world's largest debtor. A loss of confidence could trigger a sell-off of American stocks and bonds that -- given the dollar's role as global currency -- would reverberate around the world.
Forewarned is forearmed - SP
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