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re: The Time Table for the Dollar
Posted on 12/11/12 at 12:05 pm to Crbello4Hiceman
Posted on 12/11/12 at 12:05 pm to Crbello4Hiceman
quote:
That being said, their growing middle class and desire for prosperity might cause the nation to junk their approach to international property laws, etc. which have previously held them back. When the US economy is surpassed, china could become a much more attractive nation on which to base the global economy. Is this a threat to the underpinnings which have allowed us to run the deficit and use stimulus/easing while avoiding negative side affects? Serious question- I don't want to over-react to 1 article out there.
China is a moral dumpster fire. No way anyone give them the keys to the world's reserve currency. I would almost rather give it to Greece.
Here's an interesting question: Could any country that targets exchange rates with monetary policy ever be able to be the global reserve currency?
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