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U.S. dollar --What happens if Dollar is Replaced as world's currency ?
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<blockquote data-quote="island1fox" data-source="post: 816460" data-attributes="member: 4816"><p>brownbaggin,</p><p>Some interesting comments but I must confess I have been doing some research on this topic.</p><p>A good place to start was the British Sterling that was replaced by the dollar after WW2.</p><p>The ramifications to England were devastating with the period referred to as the "lost decade" </p><p>England would not have made it without much help with the U.S. as Europe was rebuilt after the war.</p><p>The U.S. press has not been up front in reporting that the "world community" has been very recently looking at real alternatives to the dollar.</p><p>China, Russia, Japan and the opec countries had a meeting with the U.S. not invited.</p><p>I wonder --if the dollar was replaced and because of our printing of money -we would be subject to a tidal wave of inflation--would we be helped ??</p><p>I doubt it--people do not realize how close to the edge we are.<img src="/community/styles/default/xenforo/smilies/FeltTip/sad-little.png" class="smilie" loading="lazy" alt=":sad-little:" title="Sad Little :sad-little:" data-shortname=":sad-little:" /></p></blockquote><p></p>
[QUOTE="island1fox, post: 816460, member: 4816"] brownbaggin, Some interesting comments but I must confess I have been doing some research on this topic. A good place to start was the British Sterling that was replaced by the dollar after WW2. The ramifications to England were devastating with the period referred to as the "lost decade" England would not have made it without much help with the U.S. as Europe was rebuilt after the war. The U.S. press has not been up front in reporting that the "world community" has been very recently looking at real alternatives to the dollar. China, Russia, Japan and the opec countries had a meeting with the U.S. not invited. I wonder --if the dollar was replaced and because of our printing of money -we would be subject to a tidal wave of inflation--would we be helped ?? I doubt it--people do not realize how close to the edge we are.:sad-little: [/QUOTE]
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