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To: Sun Tzu who wrote (4988)	8/1/2022 12:22:04 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 10768

longer yes.. I thought its days were numbered over a decade ago... military superiority helps actually .. but that is waning ... I just do not see the deal with gold ... Obviously some countries would greatly benefit... The environment be damned..,.

To: Sun Tzu who wrote (4988)	8/1/2022 12:32:01 PM
From: Kirk ©	1 Recommendation Recommended By Cogito Ergo Sum Read Replies (1) \| Respond to of 10768

Perhaps the replacement for the dollar, if it comes someday, will be decided by what the insurers of the cargo and oil tankers will use. We certainly have enough technology for each company to trade with countries in their local currencies, but someone has to insure the exchange. It might come down to maximizing profits which would mean lowering currency risk... so it would have to be the most stable currency. Right now with the Fed leading the pack to raise rates, that is the dollar. China you can't trust their currency... and far more corrupt than the US Russia and India are jokes by comparison. Could it be the Euro? Doubtful... as they at best follow the US Fed and have more divisions than the US GOP/Dem division.