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Egalitarian Thug

(12,448 posts)

7. The USD will remain the global banking system's reserve currency because there is no alternative.

Reply to sendero (Reply #3)

Tue May 1, 2012, 09:16 AM

May 2012

Give China 20 more years and they could step in, but right now they can't and nobody trusts them enough to make that leap. India lacks the natural resources and social stability, and the EU is an economic basket.

Like the time honored pseudo-fear that China can call in their loans, this is just another manufactured lie thrown out there to distract us from what they're actually doing.

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We're Spending Down Our Savings to Prop Up Our Economy [View all] xchrom May 2012 OP

They took a Generator and turned it orpupilofnature57 May 2012 #1

The economy of the rich is doing fine. That's who's ultimately getting the money. HiPointDem May 2012 #2

I agree with you in principle.. sendero May 2012 #3

The USD will remain the global banking system's reserve currency because there is no alternative. Egalitarian Thug May 2012 #7

It won't take ... sendero May 2012 #8

You've entirely missed the point. Why is the Yuan so strong? Do you think Egalitarian Thug May 2012 #9

Jeez, they want it both ways? canoeist52 May 2012 #4

The Rent (mortgage) is too damn high!!! Remember that candidate? nanabugg May 2012 #5

Yep. Rent is too high RobertEarl May 2012 #6