Honestly what would happen if USA lost world reserve currency status?
Question by Clay Mcdonald: Honestly what would happen if USA lost world reserve currency status?
Last year France, China, Russia, and a few arab countries met in secret. (read EU newsletter online)
They were trying to figure a way to make a currency to trade oil in that wasn’t a dollar. England had the reserve currency for hundreds of years with British sterling silver, in 1945 America took it the reserve world currency.
Example: Japan wanted a bunch of new Wal Marts and would build the stores if Wal Mart would stock them on credit. Wal Mart agreed on one condition, Japan not pay for it in dollars but in yen. HELLOOO !!!!!
so what would happen if we lost it?
Best answer:
Answer by mbcorson2000
DEEP depression, that is the only thing keeping america’s head above the water.
What do you think? Answer below!
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October 1st, 2011 at 8:25 pm
We are about to find out what will happen.
Walmart execs are not stupid. They know the dollar is in decline do to the piss poor financial policies of our nation (mounting debt). If they took payment in dollars, it would be worth less the next day.
June 23rd, 2012 at 12:25 pm
i would like very much to see new land,what is kiwi trees look like and testing juicy fruits directly from the own tree. .i had heard that they have pleasent,kind and happy people and very safe secure much better country than some countries in europe.