General Question

SquirrelEStuff's avatar

Today, China is calling for a new reserve currency. What will happen now?

Asked by SquirrelEStuff (10007points) March 23rd, 2009
8 responses
“Great Question” (1points)
Observing members: 0
Composing members: 0

Answers

Sr_Q's avatar

A global currency? Is this the beginning of a world government?

lemsteve's avatar

Oh shite!

JimmyG's avatar

Our currency became the reserve currency through trust rather than by any decision. This latest fiasco has eroded that trust. When you get right down to it, a system not dependent on any one country would probably be better. But getting the nations of the world to agree on a system would not be an easy task. A case of better the devil you know…

Mamradpivo's avatar

Probably nothing for the foreseeable future.

fireside's avatar

Didn’t Russia suggest that a few days ago?

Michale's avatar

Shall we see if this new proposed currency does any better than the Euro as a “new standard”?

kevbo's avatar

Let’s make lurve the new reserve.

Garebo's avatar

Her comes the Amero, or worse.

Answer this question

Login

or

Join

to answer.

Mobile | Desktop


Send Feedback   

`