OilFinder2 wrote:Ah, so now we're dabbling into anti-Semitism.
americandream wrote:From Beijing to Auckland, the worlds wealthy all look to the US as the last bolthole in the event of a collapse of global capitalism.
radon1 wrote:americandream wrote:From Beijing to Auckland, the worlds wealthy all look to the US as the last bolthole in the event of a collapse of global capitalism.
Is this why the US is shy of signing up criminals' exchange treaties with some of the world's countries - an unintended consequence of this is the lack of formal grounds for taking Snowden back for trial.
Ron Patterson wrote:"Reserve Currency" is really a misnomer. Anyone or any country can buy anything on the international market without holding dollars in reserve. It takes milliseconds to convert any currency into dollars on the Forex. And it cost almost nothing, about 3 basis points for major currencies, slightly more for thinner traded currencies. A basis point is one cent per 100 dollars or 1/100th of one cent.
Daily volume on the Forex is about 5 trillion dollars.
The dollar is really the world's benchmark currency. That is it is the currency by which all currencies is measured. A common benchmark currency is needed in order to know the price of anything on the international market. The dollar will likely remain the world's benchmark currency unless we have a massive inflation of the dollar. If that happens then the world will have to find another benchmark currency.
Ron Patterson wrote:"
The dollar will likely remain the world's benchmark currency unless we have a massive inflation of the dollar. If that happens then the world will have to find another benchmark currency.
Users browsing this forum: No registered users and 31 guests