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Old 02-28-2014, 04:55 AM
 
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Old 02-28-2014, 07:48 PM
 
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It will take a long time to significantly displace the USD around the world, but if China makes the right moves and is lucky the Yuan may be a future world reserve. But not anytime soon. And when it happens there will be some huge money to be made in Yuan, and in China.

Hot-diggity!
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Old 03-01-2014, 12:14 PM
 
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The U.S. is the world reserve currency due to petro-dollar status. Until another country can get away with oil sovereignty (via thrwarting the US military), the reserve currency status the US enjoys will not change.
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Old 03-01-2014, 06:49 PM
 
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Quote:
Originally Posted by ErikBEggs View Post
The U.S. is the world reserve currency due to petro-dollar status. Until another country can get away with oil sovereignty (via thrwarting the US military), the reserve currency status the US enjoys will not change.
Not only oil. Other aspects give the USD very serious power and leverage. Including the huge amount of USD based AAA investments in the world. No other currency has that depth and daily trading volume, and the most risk free since WW2.
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Old 03-27-2014, 12:29 PM
 
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Quote:
Originally Posted by Hoonose View Post
Not only oil. Other aspects give the USD very serious power and leverage. Including the huge amount of USD based AAA investments in the world. No other currency has that depth and daily trading volume, and the most risk free since WW2.
Yes but that has changed or is changing. We are building up significant risk. The rest of the world may well be in worse shape but we aren't doing well long term and I don't see the kind of things happening that need to happen to get us turned around.
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Old 03-27-2014, 12:32 PM
 
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Well the RMB/yuan isn't dominant now and I doubt it will be in the foreseeable future.
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Old 03-27-2014, 12:37 PM
 
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Quote:
Originally Posted by Chava61 View Post
Well the RMB/yuan isn't dominant now and I doubt it will be in the foreseeable future.
It has surpassed the euro as the second most used currency for international trade. It is in ascendance if not yet dominant.
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Old 03-27-2014, 12:38 PM
 
Location: Bothell, Washington
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Nope, won't happen for a very loooong time, if ever. China has its own issues, and has a far lower credit rating than the US for that reason. It is, after all, still a developing country. When the day comes that China becomes a fully developed nation (if it ever gets quite to that level), and is a big stable economy with more of a world wide partnership with other nations then maybe it could challenge the US for reserve currency.
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Old 03-27-2014, 12:39 PM
 
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Originally Posted by jm31828 View Post
Nope, won't happen for a very loooong time, if ever. China has its own issues, and has a far lower credit rating than the US for that reason. It is, after all, still a developing country. When the day comes that China becomes a fully developed nation (if it ever gets quite to that level), and is a big stable economy with more of a world wide partnership with other nations then maybe it could challenge the US for reserve currency.
It has already beat up the euro.
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Old 03-27-2014, 01:43 PM
 
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Quote:
Originally Posted by Hoonose View Post
It will take a long time to significantly displace the USD around the world, but if China makes the right moves and is lucky the Yuan may be a future world reserve. But not anytime soon. And when it happens there will be some huge money to be made in Yuan, and in China.

Hot-diggity!
The rest of the world will never trust China.

Quote:
Originally Posted by ContrarianEcon View Post
Yes but that has changed or is changing. We are building up significant risk. The rest of the world may well be in worse shape but we aren't doing well long term and I don't see the kind of things happening that need to happen to get us turned around.
The debt?

Means nothing in terms of risk to the currency. The US CANNOT go bankrupt, unless morons in congress force it to. But that's small minded politics.

Quote:
Originally Posted by ContrarianEcon View Post
It has already beat up the euro.
The euro beat itself up.
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