Posted by hornsant on 26th of May 2009 at 03:00 pm
I think that you have a point there and the chinese are quite
right at asking for a new currency... that is the diference this
time arround, the chinese are back in the trade after some two
hundred years and that changes the scenario from prior recesions
when the USA always inflated their way out and every one else had
to agree. I think that this time it is not going to be that
simple, I personaly belive that it would be far better to have a
currency other than the dollar for global trade. And the whole
world away from the USA understands it like that, the reasons
are on the table for all to see. The USA spends as it
finds someone to pay for the bill it is getting a bit to
predictable.
yeah well that's very easy for you to say that since you dont'
live in the US. If and really the question is when the US
loses it's reserve world currency status, it will cause a lot of
pain for ordinary Americans because of what it will do to the
country potentially. So again while you have points for
longer term world stuff, for us living here in the US, it's hard
for us to say, yeah let's do it, we want the pain
Posted by hornsant on 26th of May 2009 at 03:28 pm
You are absolutely right Matt the wrong doings of the rulers are
always badly felt by those who are ruled... it is perfectly unfair
but you have to understand that the rest of the global trading
comunity it sick of getting the dollar boot right where it hurts
every time.
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I think that you have
spx 905
Posted by hornsant on 26th of May 2009 at 03:00 pm
I think that you have a point there and the chinese are quite right at asking for a new currency... that is the diference this time arround, the chinese are back in the trade after some two hundred years and that changes the scenario from prior recesions when the USA always inflated their way out and every one else had to agree. I think that this time it is not going to be that simple, I personaly belive that it would be far better to have a currency other than the dollar for global trade. And the whole world away from the USA understands it like that, the reasons are on the table for all to see. The USA spends as it finds someone to pay for the bill it is getting a bit to predictable.
yeah well that's very easy
Posted by matt on 26th of May 2009 at 03:07 pm
yeah well that's very easy for you to say that since you dont' live in the US. If and really the question is when the US loses it's reserve world currency status, it will cause a lot of pain for ordinary Americans because of what it will do to the country potentially. So again while you have points for longer term world stuff, for us living here in the US, it's hard for us to say, yeah let's do it, we want the pain
You are absolutely right Matt
Posted by hornsant on 26th of May 2009 at 03:28 pm
You are absolutely right Matt the wrong doings of the rulers are always badly felt by those who are ruled... it is perfectly unfair but you have to understand that the rest of the global trading comunity it sick of getting the dollar boot right where it hurts every time.