What is the secret behind US currency as common currency worldwide?
Eventhough we talk about recession and economic growth slow rate at US, still we are using US dollar as common currency worldwide. Why we are not using euro or Great Britain pound as common currency worldwide.
It WAS because of economic power following WWI and WWII. Now, military power. The US is technically bankrupt, but is itself "too big to fail". Other countries are trying to figure out how to get out of dependency on the U.S. dollar. But there aren't any good alternatives except one -- gold. But gold does not allow the masters of the various countries to manipulate their fiat money (funny money). So forget that.
As to your question about the Euro and British Pound: They are even worse than the dollar. It's much too complicated for here. See the Amazon book listings about the Federal Reserve and money at:
http://hubpages.com/hub/america-what-we … the-answer
by Skinipedia7 years ago
What would be currency that would replace the U.S. dollar both as the world's reserve and at home?
by ngureco8 years ago
Will U.S. Dollar’s Position as the World’s Reserve Currency be Sustainable Any More in Future?
by Jo Deslaurier7 years ago
Do you think the US dollar will rebound in the coming months?Do you think it will gain strength against any particular 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 ngureco8 years ago
What Economic Sense Is There For US Not To Have Large Denominations Currency, Say $1000 Bill?
by telltale5 years ago
Is a common world currency be a good idea, so that we can avoid having currency fluctuation?
Copyright © 2018 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.