Righto !

Short but correct :

"The crisis that looms for the US is the loss of world currency role. Once the dollar loses that role, the US government will not be able to finance its operations by borrowing abroad, and foreigners will cease to finance the massive US trade deficit. This crisis will eliminate the US as a world power. "

Read in : "Why oil prices are so high - a weak dollar, bad fed policies and hedge fund speculators".

See : http://www.counterpunch.org/roberts06112008.html.