Yep, but if we actually drilled and used our own resources ...
Hyperinflation.
Dollars would be good for toilet paper.
Scary.
the economic news is all bad today
It is the lack of confidence in out shifting system that reduces confidence in its currency, which in turn makes other countries to look towards use of other currencies. Naturally, Chine and the oil producers are at the forefron of this.
What memoranda are needed for that?