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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: RJA_ who wrote (76450)7/17/2011 1:49:24 AM
From: Cactus Jack  Read Replies (1) | Respond to of 218178
 
RJA,

I wouldn't argue with that distinct possibility. On the other hand, the glassy-eyed look I get if I mention the topic with family, friends or acquaintances is unmistakable. <G>

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To: RJA_ who wrote (76450)7/17/2011 1:36:08 PM
From: elmatador1 Recommendation  Respond to of 218178
 
The dollar is losing its position as the world's leading currency, but it's not only the euro which will benefit. In the future, economists predict, up to five different currencies will dominate the global financial system.

Rise of the Rupee, Real and Renminbi
Rival Currencies Take Aim at Dollar's Dominance
spiegel.de

It is just natural that the countries going through urbanization-fuelled economic growth have their currencies rising in status.

Note that Brazil although completed urbanization until 1980, had its strong growth curtailed by the interest rates jack up and oil crisis followed by capital exportation to pay for its debts.
Then there were no bailouts available for countrties in dire straits like today we see for Japan Europe and US.

Brazil is doing in the first decades of 21st century what should have done in the last 2 decades of last century.

I should have been personally economically better if not for the fleecing Brazil suffered 1980 to 2000.