Sam Zell (the 60th richest man in America according to Forbes Magazine, and one of the world's best investors), did a rare interview with CNBC.
Here's what he said:
"My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disastrous to our country. I'm hoping against hope that ain't gonna happen, but you're already seeing things in the markets that are suggesting that confidence in the dollar is waning. I think you could see a 25% reduction in the standard of living in this country if the US dollar was no longer the world's reserve currency. That's how valuable it is."
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