G20
Out of context: Reply #65
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- TheBIueOne0
It's not a global currency, it's a global RESERVE currency. It's like you somehow think that all the worlds money will disappear and every one will have to carry Amero's or whatever weird conspiracy koolaid drinking shit you think they'd be called. We have had a reserve currency for centuries, perhaps millenia depending on how you interpret it. Currently it's the US dollar backed by the relative strength\domination of the US economy and the trust in the Fed to manage the dollar supply and interest rates. The Euro is the second most held currency after the dollar.
The talk at the G20,spurred by China (which has lots to lose if the dollar goes south) was the idea of setting up an independent reserve currency backed by seom sort of central bank somewhere. Sounds interesting, but there's no way it's going to happen. A) the US will fight tooth and nail to keep the dollar the reserve currency instrument, B) You think you can get all the nations of the world to suddenly trust in some sort of invented reserve currency? Yeah, good luck with that.
Furthermore, while currently the US dollar dominates as the reserve currency, in the past it's usually a constellation of currencies that handle that function...ex. It was the Pound Sterling & the francs and marcs were also considered reserve currencies prior to WW1.
Here read and educate yourself...
http://network.nationalpost.com/…The situation is complex enough, with intrigue aplenty, without adding all this comic book "New World Order" nonsense into it...
- http://vozme.com/tex…maxcohen
- all currencies are an invention, a figment of the imagination. Money itself was invented to fix the limitations of the barter systemAmicus