No one respects the Euro outside of people who trade with and within the zone. It's just a necessary evil. Do you think anything coming out of the Eurozone besides bureaucrats will ever dominate world trade? LOL.
The world can't get enough $100 bills
- Thread starter tiddlywinks
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No one respects the Euro outside of people who trade with and within the zone. It's just a necessary evil. Do you think anything coming out of the Eurozone besides bureaucrats will ever dominate world trade? LOL.
Not as long as a unanimous thumbs up by all member countries is required for approval.
This will not happen in our lifetimes. Cold hard cash is still king with the people.
This will not happen... well over 50% of all USD is held overseas, not domestically. As discussed in the opening post, including 80% of $100 bills. Paper would need to be recalled, all confidence in USA would be gone, contagion around the world, MadMax reigns. Welcome to the Dark Ages II.
Could there be 2 classes of currency, one domestic, one for non-domestic? That question might be better.
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Lots of gnashing about the $USD's demise.
Fact is, there will not be such until the world agrees upon its replacement. A single currency? A basket? Whatever... but still no current cogent notion is sufficiently large/trusted enough to supplant it.
All-in-all... the $USD is still the world's "cleanest dirty shirt", currency wise.
Fact is, there will not be such until the world agrees upon its replacement. A single currency? A basket? Whatever... but still no current cogent notion is sufficiently large/trusted enough to supplant it.
All-in-all... the $USD is still the world's "cleanest dirty shirt", currency wise.
It's not that's it's the cleanest dirty shirt, it's the only currency in the world where it's own Central Bank cannot devalue it, which makes it the " safest " when it's a race to devalue part of the cycle... If they ever come out with a Libra concept currency for Eurodollar money markets, a digital token pegged to 30 baskets of currencies, USD will plummet like a rock... Until then which ever currency is used as the world's debt currency will be king
Even if the Fed wanted to substantially drop the USD they wouldn't be able to... I believe the one world dollar the IMF always wanted, will first be introduced in Money Markets, essentially becoming the new Reserve Currency and they will adopt the Libra concept... It won't be facebook, it will be World Bank or IMF ( deep state ) controlled, but the pegged to multiple currencies concept will be enacted... The powers to be will use " Digital Coins " to try and enslave us quicker with cashless society's, and a global coin is likely the start
https://www.forbes.com/sites/johnta...ttingly-exposed-her-own-naivete/#35ec23d82b3b
Money does not pay for anything, never has, never will. It is an economic axiom as old as the hills that goods and services can be paid for only with good and services.
Been living in a cave for last 50 years or more.
Dollar off the gold standard by Nixon which meant it was free floating and so was all the other majors. Up and down all around.
And that what even the first time. Gold and Silver content of gubmint issued coins were played with many times.