What does this portend??..........For the dollar/US economy ?....Is Russia-China axis behind this and is it likely?.......Implications on our economy and those of the rest of the third world?

http://www.nation.co.ke/...0/-/sh10tl/-/index.html


Guka wa bijuti...

The one world order is the end game,the ground is already prepared by Illuminati group through conspiracy,.........................it won't be long before the world embraces one world economy.

Skerians,

Please note the facts are as follows:

1) The SDR or Special Drawing Rights,is a basket of currencies including the US Dollar and other currencies like Euro and Yen etc.

2) The actual composition of the SDR and percentage weight of currencies is still not decided and is still being debated.

3) The SDR will not be able to provide the required liquidity required by countries like China and Japan and petroleum exporting countries.

As such,it will be a long time before the chinese or the Japanese decide to sell their US treasuries for as yet an illiquid instrument.




Raheel

China's idea for a sort of 'super currency' is based on a basket of major currencies. I think it only shows China's ongoing concern about the money it has invested in U.S. securities as the bigger debt holder of the U.s.
If the greenback’s value were to collapse,it would take with it China's massive holdings of dollar-denominated assets,including T-bonds. That’s their main concern. They’re worried about their money

I believe we can definitely expect some change over the future in the basic role of the dollar as the world’s key reserve currency.

My Broker AVAFX Helps Me Develop As Forex Trader.

Super-currency will take a long time... and subject to a lot of debate. If the Euro took years to get 'done' then how long will the super-currency take?

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

The US has a USD 10 trillion liability in its books. If the USD were allowed to depreciate,given the undersubscription in the latest TBill (Kenya-speak) issues,this could eventually result in a massive write-off for investors: China! Therefore,a basket of currencies,with realigned regional objectives,could be envisaged. Thereafter,.........NWO....... (you find out yourself)!!! Can the UK afford higher levels of Debt:GDP? Probably slightly,but not Italy and Germany! But the wheels of fortune turn in interesting ways.

The Kenyan economy may have low business confidence at the moment but,it still has export potential. Q4'09 may see an upsurge. Will the KES be ... integrated within a larger currency bloc...? Hmmm!!! Alignment of fiscal/monetary policy? Is this feasible given....? Is....? Sovereignity?.....?

Invest in agriculture... in your own small little way... That's where the 'money' (depending on what you/will perceive this to be) will be generated. Not everybody can go into outsourcing.

YOU create your own reality. You have the power within you.

Guys question is,when do you expect the 'SUPER BUCK' to be used in kenya?am thinking it will be kedo 2030 when most of us will not actualy need it.



All that starts well,ends well.

I echo VVS..maybe in the next 15 years or so.

I dont know if you are following news, but China is already number one in the whole world. The rest of the world is struggling to make barely 3-4% of GDP growth while China is making easily 7-8% for a decade now. Why do you think that they currently have Trade war with the US?