And what will you do when one fine day Uncle Sams currency decides to bounce back with a vengeance ....
One thing is sure ... it is irreplaceable for the next 10-15 years .... atleast ...
AND more importantly -
Anyone would help a sinking man if he (the sinking man) is in a creditor ... get the gist .. here it is not one man... it is world economies at stake ... you think the other world countries would let Uncle Sam sink down and down and down ....
One thing is sure ... it is irreplaceable for the next 10-15 years .... atleast ...
AND more importantly -
Anyone would help a sinking man if he (the sinking man) is in a creditor ... get the gist .. here it is not one man... it is world economies at stake ... you think the other world countries would let Uncle Sam sink down and down and down ....
Dollar is desitined to fade away as major trade currency. If this happens in next 5,10 or 20 years & in orderly fashion or after creating financial chaos is for world to decide. That is the reason each country is looking at its own interest rather than protect the dollar. Even uncle Sam knows it very well but the irony is that he can do nothing more than delay the inevitable. Somehow I feel China & OPEC hold the key. Will Oil be traded only in US$ or in Euro as well & what will China do with its huge US$ reserves will decide the fate of Dollar. The irony of the whole thing is that whole world is thinking that declining dollar means booming stock markets wheras actually it is the opposite. Imagine if you wake up tomorrow morning to find the news that in a strategic move US$ has been abandoned & a new currency is in place in USA. That day every stock exchange in the world has to be closed. I am not reading out the riots act or doomsday probability but a distinct possibility where financial world is heading to.
Cheers !!!