All_In
Gold Supporter
- Joined
- Apr 21, 2008
- Messages
- 16,105
- Location
- San Diego, CA. USA
- Aircraft
- Airgyro AG915 Centurian, Aviomania G1sb
- Total Flight Time
- Gyroplane 70Hrs, not sure over 10,000+ logged FW, 260+ ultralights, sailplane, hang-gliders
@Albert
The new world reserve currency will probably be a basket of currency's.
Russia, China, Japan, the oil Arab states and Europe have had at least three secret meetings (hardly mentioned in the media here) already. The US and other countries were not invited or even told officially.
They are fighting among themselves as to what percentage and they all want China to peg the Yuan to something and the Arab's are discussing creating an Arab State currency like the euro for this purpose.
The main problem is I do not think they trust each other country's currency or countries stability as much as they still trust the dollar.
However anyone with a little business sense see the US is spending it way into bankruptcy so they are getting ready.
The new world reserve currency will probably be a basket of currency's.
Russia, China, Japan, the oil Arab states and Europe have had at least three secret meetings (hardly mentioned in the media here) already. The US and other countries were not invited or even told officially.
They are fighting among themselves as to what percentage and they all want China to peg the Yuan to something and the Arab's are discussing creating an Arab State currency like the euro for this purpose.
The main problem is I do not think they trust each other country's currency or countries stability as much as they still trust the dollar.
However anyone with a little business sense see the US is spending it way into bankruptcy so they are getting ready.