DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - US Dollar ELIMINATED AS WORLD RESERVE CURRENCY!!!

**KlaraNovikoffaZ** · 10-14-2009, 07:09 AM

The thread title is a bit of an exaggeration. The dollar has lost out on new cash, but in total it is still 62% of reserves.

But that doesn't change the fact that over the last three months the foreign economies have moved away from the dollar.

It's no longer the majority of net new purchases, according to the IMF.

If the trend continues and as dollars are sold and bonds expire, that also means we'll drop to minority status in reserve holding accounts around the world. What that also means is that there will be more dollars flooding into the market and fewer buyers who want them at the price they are now.

That means we have to stop printing money pronto or we will face a devaluation.

Ben B better get his God damn act together and start raising interest rates. Start with 4% now to get the foreign bankers to shut up.

10-14-2009, 07:09 AM	#9
KlaraNovikoffaZ Join Date Oct 2005 Location USA Posts 384 Senior Member	The thread title is a bit of an exaggeration. The dollar has lost out on new cash, but in total it is still 62% of reserves. But that doesn't change the fact that over the last three months the foreign economies have moved away from the dollar. It's no longer the majority of net new purchases, according to the IMF. If the trend continues and as dollars are sold and bonds expire, that also means we'll drop to minority status in reserve holding accounts around the world. What that also means is that there will be more dollars flooding into the market and fewer buyers who want them at the price they are now. That means we have to stop printing money pronto or we will face a devaluation. Ben B better get his God damn act together and start raising interest rates. Start with 4% now to get the foreign bankers to shut up.
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