Quote:
Originally Posted by Sylvanfan
My question is that if they do abandon the US dollar as the standard currency in which commodities like wheat, oil, soy beans, and copper are valued, what are they going to move to? Europeans are hardly shining economic stars in their own right, they're as bad as us North Americans for having debt, and this is with a long history of bankrupting themselves as nations. Fart, they expect to make a good living, have a fantastic social safety net, and do it while working 35 hours a week with 7 weeks paid hollidays a year. Even if the Eurounion split is Germany big enough to rule the economic world?
It's gotta to be the Chinese Yuan that takes over the world.
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The IMF is promoting 2 global currencies to be used in the future. One is a currency called the "bancor" and the other is called an SDR (Special Drawing Rights).
I believe the SDR's are currently based on the euro, the dollar, and the yen.
The elite bankers will use American national debt, and the resulting economic chaos from hyper-inflation, as leverage to convince Americans to merge the U.S. further into the North American Union, and into more global governance, including a new currency.
I believe usury is the single greatest threat facing mankind. A fiat currency can work, but not with a fractional reserve banking system that basically runs like a private banking cartel.