Author: emanreus

Direct yuan-euro trading to start [Copy link] 中文

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Post time 2015-11-24 18:34:01 |Display all floors
But you are still reliant on rates manipulated by the Chinese government

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Post time 2015-11-24 22:15:16 |Display all floors
St_George Post time: 2015-11-24 18:28
Being the global reserve currency has a downside-likely big trade deficits and as a consequence, h ...

George,
your poke was noted and rightly so.
The £ hardly a shadow of itself with a GDP around 89.40 [2014 figures]

The US so much in the red that they could build a staircase to the moon
with $ bills with a GDP around 103.

The € nothing but a wet dream-demolished by being one of the Willing with a GDP of 92.

Japanese ¥ recorded a Government Debt to GDP of 230 percent of the country's Gross Domestic Product in 2014.

Now, for a while it's Asia's turn



  

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Post time 2015-11-25 21:53:53 |Display all floors
emanreus Post time: 2015-11-24 22:15
George,
your poke was noted and rightly so.
The £ hardly a shadow of itself with a GDP around 89. ...

I cant see how the US in particular can ever pay down much of it's massive debts.  They might run a budget surplus on a few individual years but we're talking drops in the ocean.

Sound money, just good housekeeping basically is what's needed for a long period of time in the US and the UK.
Your own mind is a sacred enclosure into which nothing harmful can enter except by your permission. Arnold Bennett

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