WomniZer: The Dollar is most certainly going to cease being the world currency but I don't think gold will replace anything. I think the superpowers are going to decide and chose another world currency like the Euro, the Yuan or even the Ruble.
Then again, a third world war might change a lot of plans.
wouldn't count on that happening , EU needs $ to keep afloat . Russia's current wealth depends on selling oil and gas on a world market ( no market , no demand )China's income depends on its exports for its income ,we were told yesterday that China's exports are dropping . A human bird flu death in Viet Nam might wipe most of us out yet
epirb: wouldn't count on that happening , EU needs $ to keep afloat . Russia's current wealth depends on selling oil and gas on a world market ( no market , no demand )China's income depends on its exports for its income ,we were told yesterday that China's exports are dropping . A human bird flu death in Viet Nam might wipe most of us out yet
I'm willing to bet you that the Euro is going to be the new world currency. Call it a hunch.
WomniZer: I'm willing to bet you that the Euro is going to be the new world currency. Call it a hunch.
I saw on a thread a week or so ago , EU has borrowed Zillins from the US , two speed EU now . Looks like one lot will use the eu and the other will revert back to what they used to have , yea Germany with the eu and every body else with their own currency . .
epirb: I saw on a thread a week or so ago , EU has borrowed Zillins from the US , two speed EU now . Looks like one lot will use the eu and the other will revert back to what they used to have , yea Germany with the eu and every body else with their own currency . .
Sure, the Euro is in disarray right now, and let me remind you that Greece’s problems existed before they joined the EU, they just cooked their books (reminds me of another country that's doing just that right now) but you'd be surprised at the Euro's ability to bounce back. The non-homogeneity of the Euro is what makes it a solid currency, and don't forget, the Euro was already gaining on the Dollar as of 2003 and still trades higher. It is already Putin's belief that the Euro is worth saving, and China is close to agreeing with him. The U.S Federal Reserve is practically lending Europe leverage to stabilize the Euro. I don't think the U.S would be doing that if the Euro was close to death.
WomniZer: Sure, the Euro is in disarray right now, and let me remind you that Greece’s problems existed before they joined the EU, they just cooked their books (reminds me of another country that's doing just that right now) but you'd be surprised at the Euro's ability to bounce back. The non-homogeneity of the Euro is what makes it a solid currency, and don't forget, the Euro was already gaining on the Dollar as of 2003 and still trades higher. It is already Putin's belief that the Euro is worth saving, and China is close to agreeing with him. The U.S Federal Reserve is practically lending Europe leverage to stabilize the Euro. I don't think the U.S would be doing that if the Euro was close to death.
Yea for alot of EU members it is over valued as their economys are not strong enough to compete . There is to much at stake to let it go . The US $ has been in the crap before and recovered and will do so again . Countries that have had an overvalued currency to long run hit the wall sooner or later , the Argentine is a good eg , from memory they tried to keep their currency pegged to the US$ and they hit the wall big time , so will the weaker EU members if they don't change . We have the same problem in NZ , the IMF or world bank have said that our $ is 20 % overvalued , what did our leaders say about it ? just dismissed it . There is alot of book cooking going on at the moment .
epirb: Yea for alot of EU members it is over valued as their economys are not strong enough to compete . There is to much at stake to let it go . The US $ has been in the crap before and recovered and will do so again . Countries that have had an overvalued currency to long run hit the wall sooner or later , the Argentine is a good eg , from memory they tried to keep their currency pegged to the US$ and they hit the wall big time , so will the weaker EU members if they don't change . We have the same problem in NZ , the IMF or world bank have said that our $ is 20 % overvalued , what did our leaders say about it ? just dismissed it . There is alot of book cooking going on at the moment .
Yes... all that book-cooking is probably the cause of global warming
I like the way you foreigners are so involved in American politics-I love my country but let me give you a clue-most of the politicians as I'm sure in your countries are basically the same-THEY ALL SUCK! We get to vote for two candidates for the most part but rest assured we're voting for the lesser of two evils unfortunately but it is reality at it's finest. JMHO....
drbombay: I like the way you foreigners are so involved in American politics-I love my country but let me give you a clue-most of the politicians as I'm sure in your countries are basically the same-THEY ALL SUCK! We get to vote for two candidates for the most part but rest assured we're voting for the lesser of two evils unfortunately but it is reality at it's finest. JMHO....
I have spent enough time in Chicago to know
And I love how you refer to us as "foreigners", you know, you also are a foreigner to me?
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Then again, a third world war might change a lot of plans.
A human bird flu death in Viet Nam might wipe most of us out yet