For some reason nobody seems to have realised that America is under a greater threat than that from terrorism. By not opening our eyes to the tough issues soon enough, or in the ignorance we are kept in by our liberal-agenda media we have missed the greatest threat to our wellbeing in three generations. Let me explain - it is vital we face up to this NOW: The dollar has been the principal global reserve currency since the early 1970s when the value of America stopped being expressed in how much gold there was to back up the currency. Kissinger negotiated a highly beneficial treaty with the Saudis so that all OPEC oil was traded in dollars alone. No economy can grow or thrive without oil, and for this reason all nations in the world have to keep a supply of dollars with which to trade and succeed. The benefit to America is that all imports can be paid for in dollars without exchange rate risk. What is more, dollars can be printed so long as oil can be produced - even if it is by Iran - and this wealth will flow back to America So long as the dollar is the reserve currency of choice - as is principally maintained by the 1973 OPEC rule - then the economy of the United States is safe and the budget deficit can be propped up. Now get this... In 1998 the Euro was launched and began trading in the global currency markets. By 2000 is had become strong against the dollar, and the French (oh yes, the French) and some other European states convinced Saddam Hussein that he could get more money in the oil-for-food program by breaking the OPEC rule and trading his oil for Euros - which he did. It wasnt long before Libya, Iran, Venezuela and other big oil producers began to talk about doing the same. The Russians too have now shown an interest in trading Euros, and their biggest OPEC ally is Venezuela under Chavez. Just before we went to war on Iraq again, the Iranians (the world's third biggest oil producers) established 50% of their oil trade in Euros instead of Dollars. Even Saudis are reconsidering the wisdom of staying by the dollar 100% for oil, simply because it is so weak on the global markets and oil prices are higher in real terms than ever before. The status of the dollar as a global reserve currency has in the space of a few years been seriously undermined, and the situation is getting worse. Iraq may be back on dollars now they are under control, but the Euro is getting stronger and the dollar weaker and other nations are dropping their dollar stocks based on simple free market economic interests. China - the world's fastest growing economy - has cut its stock to - I believe - a mere $50 billion ('not much'). If oil prices stay high and the dollar stays as weak as it is, oil-reliant and recession-hit large economies such as Japan may also have to start ditching their bucks and dollar-denominated stocks to buy into the euro. What we risk having is not just a dollar recession, but a potential collapse of the economy worse than was seen in the dust-bowl years of the 1920s. And it is all about external market forces responding to the overseas foreign policy (war and instability). Surely this threat to the dollar alone justified the Iraq war? Why didnt the allied governments come clean about it instead of manufacturing stories about 'fighting for democracy' and 'terrorism'? Our global image is now at its lowest ever - and unlikely to get any better in the next 4-5 years. I advise any investors to look at gold and the gold futures markets, or shares in gold related blue chips. Or possibly Euros if you want to destroy your own country's economy for a quick buck.