Yes, I understand that most who are able to view this
only care about the IQD or the VND,since those are
the currencies we are invested in. But lets look at how
we go to this point in time.
Here are some articles that will show everyone how
long and what has led to this being so close
March 18,2009 U.N. panel says world should ditch
September 9,2009 United Nations Proposes New
February 10,2011 IMF calls for dollar alternative:
Why do they want to stop using the dollar as the central
currency? 2 reasons off the top of my head:
1) The United States has an unfair advantage and can
manipulate rates and print new money when ever they
choose to thus effecting the global economy.
2) Wti the banking crisis in 2008, the Unites States
almost crippled the global economy, and
destroyed the U.S, in the process. This scared all of the
other countries who realized what the U.S.had become.
Some may be still wondering what is the relevance in
all of this. Why do I care about this non sense? Well you
should because you and I own a piece of currency that
we hope will re-value
in the future.
Posted by John MacHaffie at 11:55 PM