the dollar may no longer be the global currency

Discussion in 'General Global Topics' started by manu1959, Mar 19, 2009.

  1. manu1959
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    manu1959 Left Coast Isolationist

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    U.N. panel says world should ditch dollar | U.S. | Reuters

    please let this happen.....

    then ....

    boot the un off american soil....tear the thing down and sell it to a developer.....

    cut off all foreign funding.....and invest in america.....after all it is our tax dollars they are passing out.....

    close all our military bases.....no need to be the worlds police force anymore.....ploice america and it's borders....after all it is our tax dollars that is paying for the military.....

    lets become the new switzerland.....
     
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  2. Toro
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    Toro Diamond Member

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    It is and will remain the global reserve currency.

    Japan's economy is too stagnant and the euro is nowhere near as stable. Plus, America has the deepest, most liquid and most dynamic major economy in the world.
     
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  3. manu1959
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    manu1959 Left Coast Isolationist

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    i was hoping this would catch your eye.......what is your opinion of russia wanting their currency to be the global currency......
     
  4. Truthmatters
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    Truthmatters BANNED

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    Europe is in big trouble financialy.

    China is buying up the world.
     
  5. Annie
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    Annie Diamond Member

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    Once again, TM hits nail on head. China is the economy to watch.
     
  6. Toro
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    Toro Diamond Member

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    I had no idea that they did.

    I know that Russia has been diversifying away from dollars, but the ruble has gotten just crushed as oil prices have collapsed and there has been a giant margin call on the oligarchs.

    The euro was up 5 cents today, an astounding move. I hope it rises a lot more because I want to short it. I called the euro decline last year but didn't pull the trigger. I'm not missing it this time.

    BTW, nobody really cares what the UN thinks about this.
     
  7. Chris
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    Chris Gold Member

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    I just gained a new respect for you.

    Don't tear down the UN though.

    Just charge them rent.
     
  8. auditor0007
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    auditor0007 Gold Member

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    Do you realize how many countries would be shitting bricks realizing that they would have to pay for their own defense? We subsidize half the damn world by offering them free protection and it's the American taxpayer paying for it.
     
  9. auditor0007
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    auditor0007 Gold Member

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    Spot on. As bad as things are for the dollar, the Euro may be in much worse shape, especially long term.
     
  10. manu1959
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    manu1959 Left Coast Isolationist

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    the building is falling apart and full of haz mats......demo it....it is going to cost billions to fix it.....
     

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