Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
U.S. dollar --What happens if Dollar is Replaced as world's currency ?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="curiousbrain" data-source="post: 816463" data-attributes="member: 31608"><p>I tentatively covered this in my first response; the world goes on - and what I meant was exactly what you highlighted; more specifically, England held a commanding height of the global economy, then was vanquished by the culmination of various forces. The U.S. is no different, and the world response will be no different now then it was then - find a new commanding height, and move on.</p><p></p><p></p><p></p><p>I wouldn't disagree with any of that, but I would, however, make the case that the wealthy institutions (see previous post) that matter were invited or, at the very least, tacitly represented. To think otherwise would be, in my humble opinion, to misunderstand the nature of the global economy.</p><p></p><p></p><p></p><p>There is no such thing as printing money anymore; this is one fundamental misunderstanding of how a modern economy works. Modern western nations do not print money; they change numbers in an account that only mean something when compared relative to other economies on the planet. That is to say, if the U.S. economy "injects" a billion dollars into its economy, it does not print anything; instead, it changes numbers in an accounting spreadsheet and informs the IMF and other international actors. IMHO, this is why our federal government functions on an operational accounting basis.</p><p></p><p></p><p> </p><p>That's subjective; your opinion of how close to the edge we are is no more or less valid than how close to the edge we are or are not as given by me.</p><p></p><p>edit: As usual, this is just my opinion; I readily confess I don't know anything.</p></blockquote><p></p>
[QUOTE="curiousbrain, post: 816463, member: 31608"] I tentatively covered this in my first response; the world goes on - and what I meant was exactly what you highlighted; more specifically, England held a commanding height of the global economy, then was vanquished by the culmination of various forces. The U.S. is no different, and the world response will be no different now then it was then - find a new commanding height, and move on. I wouldn't disagree with any of that, but I would, however, make the case that the wealthy institutions (see previous post) that matter were invited or, at the very least, tacitly represented. To think otherwise would be, in my humble opinion, to misunderstand the nature of the global economy. There is no such thing as printing money anymore; this is one fundamental misunderstanding of how a modern economy works. Modern western nations do not print money; they change numbers in an account that only mean something when compared relative to other economies on the planet. That is to say, if the U.S. economy "injects" a billion dollars into its economy, it does not print anything; instead, it changes numbers in an accounting spreadsheet and informs the IMF and other international actors. IMHO, this is why our federal government functions on an operational accounting basis. That's subjective; your opinion of how close to the edge we are is no more or less valid than how close to the edge we are or are not as given by me. edit: As usual, this is just my opinion; I readily confess I don't know anything. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
U.S. dollar --What happens if Dollar is Replaced as world's currency ?
Top