What will happen when Treasuries can no longer be used as collateral?

The selling came after back-to-back speeches late Monday by President Barack Obama and House Speaker John Boehner revealed no progress toward a deal crucial to raising the U.S. debt ceiling and preventing a default.


http://www.marketwatch.com/story/dollar-plunges-after-obama-boehner-speak-on-debt-2011-07-25?siteid=rss&rss=1

Incentives actually support the proccess of making Predictions

"It’s impossible to predict the future, but humans can’t help themselves. From the economy to the presidency to the Super Bowl, educated and intelligent people promise insight and repeatedly fail by wide margins"

http://freakonomicsradio.com/hour-long-special-the-folly-of-prediction.html