thats the questions isnt it?
Euro or Yuan is my guess.
I'm inclined to say the Euro over the Yuan, if the US collpases then China is bound to follow. Their debts are tightly bound up together.
Euro or Yuan is my guess.
I'm inclined to say the Euro over the Yuan, if the US collpases then China is bound to follow. Their debts are tightly bound up together.
A totally possible outcome is nothing really replaces the dollar as the reserve currency, and international trade is just... less efficient because of it.
If the world moves away from the dollar, I think having a singular reserve currency replace it is probably the best case scenario
quick rich, scorched earth, whatever u can keep
Yuan is too closely regulated to stay in China. I doubt it would be viable unless China first steps up their _attitude_ towards being a currency provider.
The EMU is an amalgamation of countries that barely hold together, have vastly different opinions on government spending, and isn't already a "world currency."
I do think we'll eventually have a single currency on the planet, but the question is what happens in my lifetime. And that's much less certain.