Results 1 to 30 of 46

Thread: Dollar on the road of extinction as reserve currency

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. #1

    Dollar on the road of extinction as reserve currency

    As you probably know, China and Russia are doing everything to collapse dollar as world's reserve currency.

    Today, China have a agreements with more than 35 countries that includes direct trade without dollar with Germany, Russia, Japan, Australia, N. & S. Korea, Turkey, Brazil, South Africa, India, Iran, and so on; all countries from BRICS block are doing trade without dollar with each other and for the first time and most important of all - Russia is selling oil in their own currency - ruble and chinese reninmbi and all former Soviet Union block are doing trade in ruble.

    I'm from Serbia, so you probably don't know what's happening outside of US, but in Europe in general, everyone is trying not to use dollar anymore in their trades. From few days ago, even Serbia and Russia have started doing trade without dollar as reserve currency.

    Therefore, I would like to know your opinion about future of the dollar and his geopolitical influence? Will US be able to succeed to save their currency in present form, precisely, will be able to regain its former glory or the dollar will continue to fall down?


    Best wishes,
    Ivana.
    Last edited by kety; 12-14-2012 at 12:17 PM.



  2. Remove this section of ads by registering.


Similar Threads

  1. Replies: 3
    Last Post: 11-30-2011, 08:06 PM
  2. Replies: 23
    Last Post: 05-31-2010, 11:05 AM
  3. Russia Dumps the U.S. Dollar for Euro as Reserve Currency
    By hugolp in forum Economy & Markets
    Replies: 27
    Last Post: 05-23-2009, 10:38 AM
  4. Dollar stops being Russia's basic reserve currency
    By qh4dotcom in forum Economy & Markets
    Replies: 2
    Last Post: 05-22-2009, 01:52 AM
  5. The Dollar's Reserve Currency Role Is Drawing To An End
    By chiplitfam in forum Economy & Markets
    Replies: 2
    Last Post: 01-30-2008, 09:21 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •