. won't be the currency for their transactions. It reminds me of Saddam Hussein's intention to eliminate the dollar from his oil-based transactions. We all know what followed. Is it the end of our currency as an international one? Will it be the beginning of the expected, predicted collapse of our currency, of our economy?
Unlikely. I don't think Britain and France trade in dollars either. Or Sweden and Germany. Lots of international trade does not happen in dollars.
Well, what do you know about that? I wonder if we are being prodded to use the internet for bill paying. (I feel like we are.) Especially for paying our mortgage payments. What if over time and pressure from the companies themselves... (or whoever is influencing the companies…) we are forced to use only the internet to pay our bills? How easy would it be for China and Russia to just take our country by means of access to all of our accounts on our PCs. Our lives are better or worse due to the computer. I'm wondering if in the end, it is the latter? I actually heard about ten years ago, that if you don't own your house, it will be prey for China. So, we better just keep using the mail… and my advice: whatever you do, pay off your house and have the deed in your possession.
Or I'm just being paranoid for no reason.
Whenever my company does business with China, currency is Euro. With Russia also in Euro. Only for the US it is USD and it is a big fuss about exchange rate fixing and securing. The USD is simply too weak to maintain stability towards the Euro.
Concerning the agreement between China and Russia - what is the big deal? Russia is economically too weak to have too much impact on world trade.
The only serious role the USD holds today is in international transportation, by water or air. Freight rates, transport means (ships, aircraft) and fuel are valued in USD. Only if this changes, there is real trouble ahead.
by andrew savage4 years ago
How much time and energy would the United Nations save if we cut all ties to nations that rule their people under theocracy? Should there be a constitutional amendment in the UN that denies the recognition of...
by Tessa Schlesinger6 months ago
With the advent of Trump (who is not liked internationally) and the renewal of the Reserve Currency coming up in 2020, will the world choose another reserve currency? The USA has held the reserve currency (the currency...
by GA Anderson3 years ago
I stole this from another thread, so the topic could be discussed without further hijacking the thread it was on. I hope that was OK.John, I am not putting forth criticisms for you to defend. I do not know enough...
by aware2 years ago
Why is it that fight for things, die for things, pay for things? And get nothing in return? Iraq should be ours shouldnt it? The 51st state. Anyone?
by accofranco7 years ago
i want to change my Adsense earning currency to dollars, so that i can know when i reach the minimum payout, because i am already at 79.*** Euros. someone should help.
by tony07247 years ago
They want to propose this at the United Nations per the Drudge Report
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.