You think we’ve got the rest of the world stuck into our $$ dominated financial system. The rest of the world is trying to invent a way to get themselves out of our jam/trap/swindle. I don’t know how it will work out. I just know I wouldn’t bet on the status quo when folks are desperately trying to invent a way out of it.
RE: I just know I wouldn’t bet on the status quo when folks are desperately trying to invent a way out of it.
Well, we are in agreement here... but here are the X factors:
1) Timeline — WHEN it will happen
2) Political — are you willing to bet that the status quo ( as you put it ) will remain as they are? What if by chance, the voters come to their sensesthat vote in a FISCALLY RESPONSIBLE President and Congress?
It depends on whether one is an optimist or a pessimist at heart.
3) Foreign Policy — Exactly WHAT kind of currency are most countries going to recognize as the dominant currency? Will it be an existing one? Or an artificially made up one? If artificial, then we’re back to the Euro problem — WHICH CENTRAL BANK ARE THESE COUNTRIES GOING TO RELY ON TO MANAGE THE SUPPLY OF THE CURRENCY?