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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 408.23+2.3%Dec 22 4:00 PM EST
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To: elmatador who wrote (108861)12/9/2014 4:48:52 AM
From: Metacomet  Read Replies (1) of 218672
 
The USD was facing the loss of its status as world reserve currency

..not in this lifetime, or next probably

That position requires more than a lot of exports

...hard to imagine which currency, other than the US dollar would be acceptable to a sufficient critical mass of the worlds various governments to supplant the greenback..

..ya really think the renminbi, ruble, yen or ECM cash could clear that bar?

There is too much reliance on faith in the government that issues the reserve currency to imagine any individual or group of issuers supplanting the USD..

(..and then again, there is the Republican party in the US..)
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