What does this portend??..........For the dollar/US economy ?....Is Russia-China axis behind this and is it likely?.......Implications on our economy and those of the rest of the third world?

http://www.nation.co.ke/...0/-/sh10tl/-/index.html


Guka wa bijuti...

The one world order is the end game,the ground is already prepared by Illuminati group through conspiracy,.........................it won't be long before the world embraces one world economy.

Skerians,

Please note the facts are as follows:

1) The SDR or Special Drawing Rights,is a basket of currencies including the US Dollar and other currencies like Euro and Yen etc.

2) The actual composition of the SDR and percentage weight of currencies is still not decided and is still being debated.

3) The SDR will not be able to provide the required liquidity required by countries like China and Japan and petroleum exporting countries.

As such,it will be a long time before the chinese or the Japanese decide to sell their US treasuries for as yet an illiquid instrument.




Raheel

China's idea for a sort of 'super currency' is based on a basket of major currencies. I think it only shows China's ongoing concern about the money it has invested in U.S. securities as the bigger debt holder of the U.s.
If the greenback’s value were to collapse,it would take with it China's massive holdings of dollar-denominated assets,including T-bonds. That’s their main concern. They’re worried about their money

I believe we can definitely expect some change over the future in the basic role of the dollar as the world’s key reserve currency.

My Broker AVAFX Helps Me Develop As Forex Trader.

Super-currency will take a long time... and subject to a lot of debate. If the Euro took years to get 'done' then how long will the super-currency take?

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB