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Super currency to replace green buck??
Mwekahazina
#11 Posted : Thursday, April 02, 2009 8:28:00 AM
Rank: Member

Joined: 11/13/2008
Posts: 21
The US has a USD 10 trillion liability in its books. If the USD were allowed to depreciate,given the undersubscription in the latest TBill (Kenya-speak) issues,this could eventually result in a massive write-off for investors: China! Therefore,a basket of currencies,with realigned regional objectives,could be envisaged. Thereafter,.........NWO....... (you find out yourself)!!! Can the UK afford higher levels of Debt:GDP? Probably slightly,but not Italy and Germany! But the wheels of fortune turn in interesting ways.

The Kenyan economy may have low business confidence at the moment but,it still has export potential. Q4'09 may see an upsurge. Will the KES be ... integrated within a larger currency bloc...? Hmmm!!! Alignment of fiscal/monetary policy? Is this feasible given....? Is....? Sovereignity?.....?

Invest in agriculture... in your own small little way... That's where the 'money' (depending on what you/will perceive this to be) will be generated. Not everybody can go into outsourcing.

YOU create your own reality. You have the power within you.
VituVingiSana
#12 Posted : Thursday, April 02, 2009 11:29:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
US T-Bills are offering the lowest yield in a decade. At some point,people will move their money elsewhere once confidence shores up in other countries.

China needs to invest in its own economy. Imagine the inflows from the US$ T-bills (as well as inflows of FDI).

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Buch
#13 Posted : Thursday, April 02, 2009 8:29:00 PM
Rank: Member

Joined: 4/2/2009
Posts: 17
Guys question is,when do you expect the 'SUPER BUCK' to be used in kenya?am thinking it will be kedo 2030 when most of us will not actualy need it.



All that starts well,ends well.
VituVingiSana
#14 Posted : Sunday, November 29, 2009 10:54:03 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
I can guarantee one thing... the Kenya Shilling will not have much weight in any basket of a Super Currency... (at least not by 2020)

We can't even sort out Mau let alone play a part on the world stage...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
rock
#15 Posted : Monday, November 30, 2009 10:46:27 AM
Rank: Veteran

Joined: 2/25/2009
Posts: 973
I echo VVS..maybe in the next 15 years or so.
2Czar
#16 Posted : Tuesday, April 23, 2019 10:58:46 AM
Rank: New-farer

Joined: 12/28/2018
Posts: 70
Location: Helsingborg, Sweden
Not gonna happen in like 30-40 years in near time, just take a look. Like 10 years already passed from the start date of that post and so many positive and negative things in the world and not much changed in that matter, correct ? So it will be. But China will be #1 very soon I would say no matter what US will do.
Beler
#17 Posted : Wednesday, May 29, 2019 6:46:30 PM
Rank: New-farer

Joined: 1/15/2019
Posts: 31
I dont know if you are following news, but China is already number one in the whole world. The rest of the world is struggling to make barely 3-4% of GDP growth while China is making easily 7-8% for a decade now. Why do you think that they currently have Trade war with the US?
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