US Standard of Living In Peril

China has established the Asian Infrastructure Investment Bank (AIIB) and over 50 Nations (including most Western nations) have joined. This event, aided by the reckless $17 trillion and counting US debt, is the serious effort by the rest of the world to rid themselves of the US Dollar as the world reserve currency. I won't burden you with the history of how the US Dollar became the world reserve currency, and what it means, but on the day the US Dollar is no longer the world reserve currency, the US Standard of Living will take a nosedive and we will take our place with the 3rd world economies. That is, we no can longer print Fiat Dollars and make the rest of the world pay for our economic arrogance.