Ron Weir: The new currency would set the standard

To the editor:

With all this debt wangling going on and the blame game that gets nothing done to solve the nation’s problems there is one thing going on that is of paramount concern to our nation’s place in this world. That one thing is the use of the U.S. dollar as the base currency in world economic dealings. There is a move on by such countries as China, Russia and Japan to change the dollar as a monetary base for all nations. If that happens the United States could not print its way out of debt ever, as it does now. This would lead to astronomical prices for everything we buy and sell. It means gasoline at something like $6 or $7 a gallon, a quart of milk, $5 or more a gallon. There would be nothing to stop this. The new currency would set the standard, not the U.S. dollar. Print all you want, it doesn’t county. This is just a vague idea of the full picture of what will happen when the dollar stops being the monitory standard for the world.