Rupee, yuan may be global currencies soon

I find it highly amusing that there are people here who seem to constantly attack the other countries besides the U.S completely ignoring the fact that it was the U.S government and the federal reserve that caused this crisis in the first place.

You're all a bunch of loons.
 
Quote from Lethn:

I find it highly amusing that there are people here who seem to constantly attack the other countries besides the U.S completely ignoring the fact that it was the U.S government and the federal reserve that caused this crisis in the first place.

You're all a bunch of loons.

Why would the US cause all this trouble? Who's dumber: the ignorant leadership or the ones that follow? If these other countries were so dam smart and emerging they would have decoupled from the US financial system long ago.
 
That's a bit difficult when they've been brainwashed for a decade into thinking that they have a legitimate democratic government no?
 
The next reserve currency will be supranational.

Gold may have some influence.

This will happen within 5 years. Why? The US Dollar fiat standard will implode by then.

I'll write in more detail later when I have time. Otherwise, fire away.
 
Quote from henry76:

supranational????

Def: transcending national boundaries, authority, or interests; beyond the borders or scope of any one nation.

Major global wars determine a reserve currency that benefits one nation. As the current global monetary regime crumbles, the world will have a choice. Cooperation or conflict.
 
Quote from T_Geithner:

democracy my ass, the west has fucked the world with it's preaching of democracy, trying so hard to shove it down other countries' throats

only a naive jackass could assume that his vote matters, first do some research on how this whole western democracy shit works, then preach it

the USD being a reserve currency has nothing to do with the US being a multi trillion dollar war machine, it's because of so called democracy, right?!, for every 4 dollars printed at least 1 is spent on maintaining it's reserve status, and this whole preaching of democracy is part of it too, 'we didn't fuck up a country because they didn't want to accept dollars, we fucked them up because they didn't want to accept democracy'

For some reason you are referring to Western democracy as being one unified system...

The USA form of democracy is much different than most other democratic countries...
 
Quote from krazykarl:

They've been saying this for 20 years now. ....

How often in the past twenty years did the US gov't backstop/monetize/guarantee about 23 Trillion dollars? Effectively the entire financial system?

We have never seen this. Ever.
 
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