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Today, more than 60% of all foreign currency reserves in the world are in U.S.dollars – but there are big changes on the horizon…Some of the biggest economies on earth have been making agreements with each other to move away from using the U.S. dollar in international trade…[and this shift] is going to have massive implications for the U.S. economy.

China has the second largest economy on the face of the earth, and the size of the Chinese economy is projected to pass the size of the U.S. economy by 2016 [and projected to become three times larger than the U.S. economy by the year 2040 by at least one economist. [As such,] China is sitting there and wondering why the U.S. dollar should continue to be so preeminent if the Chinese economy is about to become the number one economy on the planet.

China, and other emerging powers such as Russia, have been quietly making agreements to move away from the U.S. dollar in international trade over the past few years [and, as such,] the supremacy of the U.S. dollar is not nearly as solid as most Americans believe it to be.

As the U.S. economy continues to fade, it is going to be really hard to argue that the U.S. dollar should continue to function as the primary reserve currency of the world. Things are rapidly changing, and most Americans have no idea where these trends are taking us.

The following are 10 reasons why the reign of the dollar as the world reserve currency is about to come to an end:

#1: China And Japan To Use Own C…

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Victoria_Crowmberg created a blog post

Today, more than 60% of all foreign currency reserves in the world are in U.S.dollars – but there are big changes on the horizon…Some of the biggest economies on earth have been making agreements with each other to move away from using the U.S. dollar in international trade…[and this shift] is going to have massive implications for the U.S. economy.

China has the second largest economy on the face of the earth, and the size of the Chinese economy is projected to pass the size of the U.S. economy by 2016 [and projected to become three times larger than the U.S. economy by the year 2040 by at least one economist. [As such,] China is sitting there and wondering why the U.S. dollar should continue to be so preeminent if the Chinese economy is about to become the number one economy on the planet.

China, and other emerging powers such as Russia, have been quietly making agreements to move away from the U.S. dollar in international trade over the past few years [and, as such,] the supremacy of the U.S. dollar is not nearly as solid as most Americans believe it to be.

As the U.S. economy continues to fade, it is going to be really hard to argue that the U.S. dollar should continue to function as the primary reserve currency of the world. Things are rapidly changing, and most Americans have no idea where these trends are taking us.

The following are 10 reasons why the reign of the dollar as the world reserve currency is about to come to an end:

#1: China And Japan To Use Own C…

lada_stanley liked a blog post

Victoria_Crowmberg created a blog post

За последнее столетие слово «империя» и все, что с ним связано, воспринимается однозначно негативно. Любую империю принято считать злом, противоречащим свободе и демократии. Империализм ассоциируется с работорговлей, жестокими войнами, эксплуатацией природных ресурсов, угнетением народов, расизмом и шовинизмом. Британский экономист и историк Ниал Фергюсон подвергает сомнению столь однозначную оценку. В книге «Империя» он выступает с апологией «либерального империализма», предлагая максимально объективно оценить достижения и поражения Британской империи.

В период расцвета Британская империя, крупнейшая в новой истории, занимала четвертую часть суши и управляла четвертой частью мирового населения. «Они покорили и заселили полсвета, как бы сами не отдавая себе в том отчета» — так характеризовал Британскую империю XVIII века Джон Сили, автор бестселлера викторианского времени «Расширение Англии». Действительно, формирование великой империи предстает скорее случайным, чем закономерным. Все потому, что не абстрактная государственная политика, а частные устремления были движущей силой расширения Британии. Политика была следствием экономических интересов, религиозных убеждений и личных устремлений конкретных людей.

Еще в конце XVI века Англия существенно отставала от Франции, Испании и Португалии в темпах освоения Нового Света, а от Голландии — в торговле и финансах. За 200 лет Британия превратилась из страны, находящейся на периферии европейской политики, в ведущую мировую держа…

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Victoria_Crowmberg created a blog post

За последнее столетие слово «империя» и все, что с ним связано, воспринимается однозначно негативно. Любую империю принято считать злом, противоречащим свободе и демократии. Империализм ассоциируется с работорговлей, жестокими войнами, эксплуатацией природных ресурсов, угнетением народов, расизмом и шовинизмом. Британский экономист и историк Ниал Фергюсон подвергает сомнению столь однозначную оценку. В книге «Империя» он выступает с апологией «либерального империализма», предлагая максимально объективно оценить достижения и поражения Британской империи.

В период расцвета Британская империя, крупнейшая в новой истории, занимала четвертую часть суши и управляла четвертой частью мирового населения. «Они покорили и заселили полсвета, как бы сами не отдавая себе в том отчета» — так характеризовал Британскую империю XVIII века Джон Сили, автор бестселлера викторианского времени «Расширение Англии». Действительно, формирование великой империи предстает скорее случайным, чем закономерным. Все потому, что не абстрактная государственная политика, а частные устремления были движущей силой расширения Британии. Политика была следствием экономических интересов, религиозных убеждений и личных устремлений конкретных людей.

Еще в конце XVI века Англия существенно отставала от Франции, Испании и Португалии в темпах освоения Нового Света, а от Голландии — в торговле и финансах. За 200 лет Британия превратилась из страны, находящейся на периферии европейской политики, в ведущую мировую держа…

lada_stanley wrote a comment in the Miss Dukascopy Contest

Victoria_Crowmberg created a blog post

The U.S. dollar really is everyone’s problem. There are more dollars in circulation worldwide than any other currency – perhaps more than all other currencies combined as a full two-thirds of the rest of the world’s foreign reserves are denominated in the U.S. dollar. It’s also true that two-thirds of all dollars circulate outside of the United States. They have long been the choice of exchange on the world’s black markets. The reason is because they are so recognizable and accepted everywhere else; in other words, liquid and fungible. They have also tended to keep their purchasing power value relatively constant until recently. That’s why many nations peg their currency to the dollar. It also helps that it is still the world reserve currency.Is the Decline of the U.S. Dollar Just A Matter of Time?

The above virtues being touted there are too many of them anymore and the law of supply and demand states that the more of something there is, the less value it has and the less demand there is for it. The world is becoming saturated with the U.S. dollar and many are looking for alternatives. As such, it is only a matter of time before the dollar does fail. When, how, and at what speed are all that are left for debate.What Would the Decline of the U.S. Dollar Mean For America – and the World?

Failure of the dollar would be noticeable in many ways and when it does fail we won’t have to ask if it has - we’ll know. Failure of the dollar will mean many things. It will mean that it …

lada_stanley liked a blog post

Victoria_Crowmberg created a blog post

The U.S. dollar really is everyone’s problem. There are more dollars in circulation worldwide than any other currency – perhaps more than all other currencies combined as a full two-thirds of the rest of the world’s foreign reserves are denominated in the U.S. dollar. It’s also true that two-thirds of all dollars circulate outside of the United States. They have long been the choice of exchange on the world’s black markets. The reason is because they are so recognizable and accepted everywhere else; in other words, liquid and fungible. They have also tended to keep their purchasing power value relatively constant until recently. That’s why many nations peg their currency to the dollar. It also helps that it is still the world reserve currency.Is the Decline of the U.S. Dollar Just A Matter of Time?

The above virtues being touted there are too many of them anymore and the law of supply and demand states that the more of something there is, the less value it has and the less demand there is for it. The world is becoming saturated with the U.S. dollar and many are looking for alternatives. As such, it is only a matter of time before the dollar does fail. When, how, and at what speed are all that are left for debate.What Would the Decline of the U.S. Dollar Mean For America – and the World?

Failure of the dollar would be noticeable in many ways and when it does fail we won’t have to ask if it has - we’ll know. Failure of the dollar will mean many things. It will mean that it …

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Victoria_Crowmberg created new gallery to the album Miss Dukascopy Contest

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lada_stanley liked a photo to the album Miss Dukascopy Contest

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