Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (267279)	11/14/2003 11:27:20 AM
From: zonder	Read Replies (1) \| Respond to of 436258

I am not sure I agree with you that Eurozone has to be more capitalistic for EUR to gain more space in the reserve coffers of the world. Do you feel it was America's huge growth per annum that made the USD the reserve currency of choice? Not really. If that were the case, there were some ten developing countries I can think of that had much higher growth rates. USD is the reserve currency because people thought its value would not go down... excessively and/or rapidly, at least. So it seems to me that stability matters more than growth potential, which I guess you mean to point at with the desirability of full-on capitalism.