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View Diary: Median U.S. household income fell 5% between 1999 and 2009. Globalization remains the core problem (201 comments)

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  •  inevitably we will see one single global currency (2+ / 0-)
    Recommended by:
    koNko, truong son traveler

    It is just a matter of time.

    •  Sooner the better (1+ / 0-)
      Recommended by:
      truong son traveler

      But not very soon and not a simple process.

      A year+ ago I was discussing this with respect to Currency Baskets or an IMF Index as bein interum steps and was accused of insanity, but since the last G20 in Korea where Obama et al staked their ground, it is looking more than less likely to happen withing the next 10 years which even I was pretty sckeptial about 1 or 2 years ago when I viewed it as being maybe 20 years out.

      In very short order multi-currency indices will become reality ans the number of large bilateral trade deals in non-Dollar eschanges increase, whih in tern forces the trading nations to agree on a regime to index their currencies on an agreed basket.

      Trade between BRICs is headed there very fast.Not sure if most Americans have visibility of this but it is happening.

      US Treasury is not happy.

      What about my Daughter's future?

      by koNko on Sun Apr 24, 2011 at 09:01:09 PM PDT

      [ Parent ]

    •  Judging from Bernanke's actions UR right. (1+ / 0-)
      Recommended by:
      truong son traveler

      Bernanke is pushing the dollar off a cliff.

      If Kasich says State Troopers are assholes, What does that make me?

      by buckshot face on Mon Apr 25, 2011 at 05:22:48 AM PDT

      [ Parent ]

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