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View Full Version : An Alternative to the US Dollar as World Currency?



sshenry
27th May 2011, 19:52
It is a fact that the IMF (International Monetary Fund) was created to ensure the stability of the international monetary system so that various countries can make transactions with each other. Currently the US dollar is the currency of trade, but with the increasing debt and fluctuations in the US market (as well as a steady decline in the dollarís strength as compared to other currencies) the IMF is considering other currencies as an alternative to the dollar, including a possible switch to SDRís which some see as a pre-cursor to a global currency:

http://money.cnn.com/2011/02/10/markets/dollar/index.htm
http://theeconomiccollapseblog.com/archives/shocking-new-imf-report-the-u-s-dollar-needs-to-be-replaced-as-the-world-reserve-currency-and-that-sdrs-could-constitute-an-embryo-of-global-currency

As you can see, there are those Americans who are reacting badly to this suggestion (and with just cause) for a switch to another currency could very well be the straw that broke the camelís back in regards to a collapsing US economy, but from a global perspective, the decision, were it to be made, is realistic.

Global trade needs a steady and strong currency to underpin exchanges, and the US dollar is just not cutting it.

So, what is your take on this?

Do you see the IMFís consideration of a new currency to be a realistic move?

Is it part of a conspiracy to introduce SDRís as the new global currency?

In your opinion, what effects would a shift from the US dollar to another currency have on the US and global economy?

Thanks in advance for your input.

sshenry
28th May 2011, 02:44
No takers?

Lost Soul
3rd June 2011, 03:25
Do some research on the IMF and learn what they do to countries that need a loan.

sshenry
3rd June 2011, 10:25
Do some research on the IMF and learn what they do to countries that need a loan.

I'm not supporting the IMF, simply asking what YOU think will happen to the US economy if they switch currancies.

Lord Sidious
3rd June 2011, 10:29
Do some research on the IMF and learn what they do to countries that need a loan.

I'm not supporting the IMF, simply asking what YOU think will happen to the US economy if they switch currancies.

The corporation will be known as the Weimar States of America.

sshenry
3rd June 2011, 10:31
[QUOTE=sshenry;235142]

The corporation will be known as the Weimar States of America.

LOL - did you ever see WALL.E? I was thinking more along the lines of Buy'N Large :p