Xi.. It is very confusing.. all what I collected in 30 years (not much any how), is in dollars.. What is your propsal.. conver it to business?, a farm (maybe in Australia or NZ), a house:? and then.. if so.. how to live.. It is still for me a big puzzle.. What do you think about mineral water company? Not sure on that worldwide.. Maybe staturated..
But mind you, if US is cornered it will create another war.. Sadly I think they will involve another country .. like Pakistan.. against China.. That will leave things out of the economists to resolve.. ======= S1000+ ======= --- On Wed, 11/25/09, xi <[email protected]> wrote: From: xi <[email protected]> Subject: Re: The world moves faster away from US dollar To: "World-thread" <[email protected]> Date: Wednesday, November 25, 2009, 7:13 AM Oops, a final comment: at least, the Fed could improve its image and do not encourage people to get rid of the US dollar. Dollar Approaches 14-Year Low Against Yen on Fed Rate Outlook http://www.bloomberg.com/apps/news?pid=20601087&sid=amw6UuLPKPGs&pos=4 Peace and best wishes. Xi On Nov 25, 4:11 pm, xi <[email protected]> wrote: > My comment: One year ago we were excited about the G20 meeting. One of > the off-agenda topics was the international standard currency. Many > talks held on this topic. One year later there are not any agreement. > Well, no formal agreement but one unformal agreement: diversify our > foreign reserves. Although the US dollar is the standard tool for > trade, it is no longer the standard reserve. > > Last quarter it was not the most acquired currency among central > banks. India decided to use gold few weeks ago to diversify. Now is > Russia turn (1) to announce its plans. The US Fed still calls "US > decline orderly" (2). > > There is a certain point when orderly or chaotic is not a decission, > but a collective unspoken sentiment based on panic or in "enough is > enough" or "if I do not it now I could be the last dumb in the row" > etc. At a certain point what looked like robust building ago now falls > as sand. > > Now, the real risk is not that the US dollar remains the standard > reserve currency, I think that time is already gone. Also, the risk is > not that the US dollar remains the standard trade currency, I think it > is just a matter of time. The risk is that it collapses chaotic before > its time becomes a worthless piece of paper. It is a risk because we > are not ready for its substitution yet. Its total collapse now would > mean a collapse of international trade and therefore a second > recession. > > At least, since several weeks ago we do not hear Mr. Geithner saying > his favourite statement "strong dollar is the best interest of > Americans". It is a relief, its emptiness was painful. I am sorry for > Mr. Geithner, he tied his international credibility to a statement > without actions. > > What to do next? We cannot do much. Accelerate as much as we can the > transition toward diversified trade currencies and to hope that US > dollar does not collapse completely amid chaos. > > Peace and best wishes. > > Xi > > (1) Russia to Buy Canada Dollars, Mulls More > Currencieshttp://www.bloomberg.com/apps/news?pid=20601087&sid=at5XsdLU.68w&pos=6 > > (2) Fed Officials Watch Asset Prices for Signs of ‘Excessive > Risk’http://www.bloomberg.com/apps/news?pid=20601087&sid=atWoGngEpam4&pos=3 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
