No immediate alternative for dollar, but it will fade in long term
Published: 13 October, 2009, 17:34
Edited: 18 October, 2009, 05:41
TAGS: Currencies, USA, Economy
In the next few decades countries will be managing national currencies against those of their key trade partners, rather than with the dollar, expects Dr Gerard Lyons, Chief Economist at Standard Chartered Bank.
However, there is no alternative for the dollar as the global reserve and trade currency at the moment, and it won’t appear for years to come.
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Its so hypocritical because it exactly what these bankers are up to, they trying to replace the Dollar with the Euro, that is what this financial crisis is all about and it’s the reason the USA is a total mess, these cretins sold it. So if they said, no, don’t do that because its exactly what we trying to do, it would be more accurate. And this other garbage they keep saying, it takes a long time to become a reserve currency, rubbish, it simply takes consensus, so if the BRICs, Africa and the Arabs said, lets do it, it takes 2 months, and a new international currency does not need total consensus. The Earth would spin just fine without UK’s Rothschild and his criminal international bankers. That China and Russia could never do it because they hold too many dollars, what absolute garbage, if you have a global currency that does not matter. Why, because it’s a journal entry, we put 3 trillion next to China’s name in BRIClets and say to the USA, you are now debt free… DONE! Now China uses BRIClets to buy gas from Russia, invest in Africa, and buy oil from the Arabs, what difference does it make? So lets say it as it really is, there is a group of international bankers causing misery and destroying our planet because THEY don’t want to lose their precious banking empire. They criminals, and they used Hitler to install the Dollar as the reserve currency in the first place, yes WWII was not about people that just didn’t like each other, it was how they switched from the pound to the dollar and forced countries to accept it, and this is precisely what they up to again! We are all being sold out to these evil bankers… again!