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To: grumpygresh
What do you think will replace the dollar as the reserve currency? The Euro zone is more likely to contract than to expand in the next few years. Nobody wants to hold yuan since the Chinese are hell-bent on inflating their way out of a big slowdown. The yen is a possibility, but the long-run demographics of Japan are bleak and it's population and economy will shrink by one-third in the next 25 years. there are no obvious alternatives to the dollar.
21 posted on 12/17/2014 6:27:08 PM PST by riverdawg
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To: riverdawg

Good question. No one can be sure but it does look like the dollar is done as the stand alone reserve currency as long as the US continues to rush headlong into fascist-socialist police state.
I could see a hybrid currency of major Western powers backed by the IMF and major Western banks. This could be very dangerous because it would digital only, fiat, and backed by a police state with capital controls etc.
I do believe that a competing regional currency could emerge among Asian/BRICS nations. China and Russia have a lot of gold and won’t just give it up to back a world currency. The Russians hate the US and the Chinese haven’t trusted the West since the Opium Wars; I doubt that they will submit to the Western elite hegemony.


27 posted on 12/17/2014 7:55:06 PM PST by grumpygresh (Democrats & GOPe delenda est. President zero gave us patient zero.)
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