Everyone is going to have a go coming up with something. What we end up with is anyone's guess. Right now it looks like the world divides into regions trade and finance-wise. Globalisation as a concept is fading.
HK Kevin 15:00:51 GMT - 05/13/2020
Libra by Facebook may be the one and only one potential candidate of international reserve ccy in 50 years time. Other ccys may still exist but all at the exchange rate of 1:1
Paris ib 14:47:41 GMT - 05/13/2020
st I started way before the 2008 crisis so it's more than eight years. I haven't got the exact date. I'm interested in geopolitcal macro trends so if you don't mind I'll retain my focus on reserve currencies and so on and you can post about water if you like. Ok?
Syd st 14:44:05 GMT - 05/13/2020
A link to Pablo Escobar's Autobiography might be a better read. Ever since you have been posting on this forum ( some 8 years) , you are like a Doomsday Prepper hoping for a USD demise.
Well , your great grand kids might see that but it will not be China. Your hope for a digital Chinese currency is a non starter. It will be as unpopular as the Chinese One Belt One Road Project.
In the meantime, divest your thoughts out of a USD demise and invest them into basic instruments linked to clean air, food and water for your own mental and financial well being. These are the things that will only matter and the things that future confrontations will be about.
Paris ib 14:39:50 GMT - 05/13/2020
“A major geopolitical contest between America and China is both inevitable and avoidable.”
That's it. That's what I keep seeing. There is no alternative international reserve currency.
You know what? I don't think that's enough of a positive. Is that all they got? There is no alternative? Not big enough, not strong enough and probably not true.
"And that leads us to the role of the US dollar in financing global trade. Mahbubani correctly analyzes that once this is over, “the complex international system based on the US dollar could come tumbling down, rapidly or slowly.” China’s master plan is to accelerate the process by connecting its digital platforms – Alipay, WeChat Pay – into one global system."
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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