Posts Tagged ‘currency’

Dollar All

Saturday, May 21st, 2011

should we stop demanding U.S. dollar the reserve currency exporting inflation around the world?

the United States should stop exploiting the world by asking the U.S. dollar the reserve currency of the world by requiring international banks to maintain a high percentage U.S. dollars in reserves, so we force all transactions must be oil in dollars, we also force all international trade must be in dollars. So when we create inflation by printing fiat money backed only by international demand for engineering the political exploitation of this export our inflation for all the world while we are reaping the benefits is it not immoral and should not be too bad we have a sound currency in America? forces us to demand through our military and political operations for which you think we invaded Iraq they were our allies

The real problem is not the dollar * U.S. "domination" who is down and less and less confidence as a global reserve currency and a reliable level of value, * but the fact that no other currency if the euro or the yuan is likely to fill the need either. Not even the gold would be suitable, as its price is too volatile and that it would create its own problems (Costs of extraction, storage and delivery deflationary his offer was not correlated to global economic activity ...) It is a general mistrust of all major currencies, as seen in the Forex (foreign exchange) volatility. This can cause a collapse Monetary general. We've had enough crises since 2007 not to add money! Therefore, the absence of a standard World real money (Womost) and a global monetary institution (Womoi) to oversee it's a question that has to be solved urgently. The G20, IMF, UN or whatever, must get its bureaucratic ass (word censored by yahoo ;-) ), and clans who maintain a national quarrels another to agree on something creative and realistic before the current monetary system (or lack of system) provide a new general debacle! .

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