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

To: THE ANT who wrote (112895)	8/12/2015 2:18:25 PM
From: louel	Read Replies (2) \| Respond to of 219959

The World reserve currency should never be attached to a single country. It creates a very un level playing field. The Country who holds the status must adjust their economy to move the value of their money. In order to make imports or exports more or less competitive. Where is other countries like China simply devalues their Yuan, To boost their exports and give their economy a boost. At the expense of others. In 1962, Canada's Prime Minister John Diefenbaker. At the stroke of a pen, devalued the Canadian dollar from $1.05. Pegging it at .925 cents against the US World reserve greenback. Done in order to boost exports and soften the effects of the Canadian recession. A world reserve currency should be a separate international denomination. Not attached to any single country. But rather determined by the Average combined value of the worlds 20, 30 or 50 largest economies. Some would be flourishing. Others would be not doing as well. However it would portray a value relative to the true state of the world economic status. And in turn some what erode the advantage a country would receive like China, by trying to capitalize on by devaluating their Yuan. Because by artificially dropping their resident currency it would also affect the average of the world reserve it is based against. ggower.com