Quote:
Originally Posted by KILL_FRENZY
Do you have the slightest clue as to the amount of $ China has in stockpile? If they chose to simply change the currency US wold be in deep. Of course they cannot since the countries are interconnected in the larger scale of things. But China is rising fast: not only do they have better higher education and insanely hard-working people but look around your own place and tell me just how many appliances are made in the US or from US components.
As for the money-print, do you know $ are Lent to US by the National Bank with interest? That means for each dollar US has to pay just enough to accumulate a huge debt...to it's own NB 
But you're right, it won't fall. At least not as long as the $ has monopoly over worldwide transactions. The dept is also null because of this. |
Compare the money China has in reserve, versus the size and needs of it's population and you will see that there is not enough money in the world to modernize and provide for in excess of 1 billion people. India has the same problem -- rich cities, and a population outside of the cities whose lot in life hasn't improved in the last 200 years.