Quote:
Originally Posted by IllTestYourGirls
They are talking taking the world off the dollar not just China. If they set up a new currency they will not lose any "value". There will be a fixed price that anyone can trade their dollars for. So China will not lose any value compared to the rest of the world.
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Aye, China has been talking about that for 20 years.
So they set a "global" set 'value' on a currency. Is only China going to be able to trade at a set value? So as we 'trade in' money, does every country have the same trade up value, was billions and billions are traded, the local values won't fall? Does the money come off the markets and increase world currency value?
Who exactly is holding this exchanged money?
If this value is set, can't I move money around and continually make money on my money? Wouldn't it be wise of me then to setup in a higher value country to just trade down, double my money, trade down to u.s. and double it again?
Again, this isn't anything new from them and NOBODY can expect the U.S. to be the world traded dollar, forever.....