The fate of the world's currencies in the wake of the demise of the dollar. - page 3

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Nikolay Demko:
You mean chiselling coal with picks to heat your cave?
Whatever's on your mind... :)
 
Ghenadie Tumco:
Whatever's on your mind... :)

What did you mean by that?

ZS Food and warmth, basic survival needs.

 
Nikolay Demko:

What did you mean by that?

ZS Food and warmth, basic survival needs.

How do you understand TC's question?! Does it suggest to you the basic needs of survival?
 
Joo Zepper:

I read that the U.S. dollar has two categories of banknote series: for domestic use and for the rest of the world, that the U.S. could overnight recognize "non-dollar" banknotes as mere paper... The Yellowstone volcano is about to go on the rampage, so let's just say the world 's currency is about to go belly-up, how will the rest of the world's currencies feel?

Please speak up, gentlemen.

Joo Zepper:
How long the quid has left is not the point. What will happen to other currencies if the dollar depreciates is out of the question.
I don't think that when the 'greenback is in trouble, the currencies of other countries will depreciate that much. I admit that the market could go into turmoil. Volatility will increase perhaps.
But, in the end, to each his own, and, currencies will be worth their reasonable values. The Market will get rid of the "cancer".
One day, the market will understand that it turns out that it is perfectly possible to live, make money, and generally continue to follow trends without the dollar.
It is like in the late 90's, as the year 2000 approached, the fears about computer systems going down and all sorts of other bullshit increased. And nothing happened. The world still exists and continues to exist.
 

A hot topic. Signed up for the comments.

 
In fact, you can turn to History and see how currencies have changed.
After all, the dollar is not the oldest currency. It's almost the youngest.
And also look at the piece of recent history where the dollar has not yet become a world currency, namely before 1941.
History repeats itself. And so it will be this time. The money changed and the economy stayed.
 
Maksim Dlugoborskiy:
I don't think that when the greenback is in trouble, other countries' currencies will depreciate that much. I suppose the market could get a bit stormy. Volatility will increase perhaps.
But, in the end, to each his own, and, currencies will be worth their reasonable values. The Market will get rid of the "cancer".
One day, the market will understand that it turns out that it is perfectly possible to live, make money, and generally continue to follow trends without the dollar.
It is like in the late 90's, as the year 2000 approached, the fears about computer systems going down and all sorts of other bullshit increased. And nothing happened. The world has existed and continues to exist.
Just imagine, you trade with five dozen countries, all of which have their own currencies and their own national problems, are you more comfortable holding 50 different currencies in your "portfolio", some of which are highly inflationary and may be for a transaction some currency is not enough at some point, but another currency in surplus, or trade with them one currency available to all?
 
Why are you all so concerned about such things. Nothing new is going to happen. It will be just like after the collapse of ancient Rome. Last time, ostensibly cultured and civilised Roman mankind, in a fit of senility, started getting very cultured and creating their libraries out of the skin of Slavic children... ostensibly German tribes came from the Donetsk steppes and shut this shop down for good. As a result, only ten per cent of this cultural civilised community was left, and no international means of exchange at all. But, alas, unfortunately, the founders of this cultural civilised community were not finished. The shop was closed for a thousand years. But these scoundrels erected a new bogeyman under the star of David, called the country of Khazaria, which levied a bloody tribute on all the surrounding peoples. Again came the Don Cossacks under the leadership of Svyatoslav Igorevich and have arranged to this civilized community a throwback for a thousand years, the cultural community scattered across the planet. Here we go again with the old business... The smartest Germans have already started to get out of Germany, realizing what this smells like... Another millennium is over, the Don cottons have appeared again... But this is no longer the subject of this website....
 
Ghenadie Tumco:
Perhaps gold will become the main "currency" and we will go back to where we started a couple of millennia ago.
No country on the Planet will be able to supply its currency with gold.
You have to have as much gold - as much money. Or as much money as gold.
For example, if in Russia, in a particular region, you find a gigantic deposit of gold (billions of tons, and more), well, then the ruble will be detached from oil and gas.
The market will simply morally bind the ruble to gold, and gold to the ruble. The Central Bank will not even need to make any steps or statements. Even the law itself will not have to be corrected. Binding will happen by itself. However, in my opinion, gold will drop in price significantly and for a long time, if not forever. It is like the price of a taxi. Before there were no internet applications taxis didn't cost very much. Now taxi drivers are complaining about the level of income.
 
Why gold? There's plenty to tie it to.
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