US treasury cannot print forever and certainly not nearly enough to feed the world ten times let alone thousand. China is already making moves to create a global currency which would take out dollar as the reserve currency. Then US can't print at whim.
thecrotchetyoldcynic - July 7, 2013, 10:49 pm,
Global currency? Interesting. I wonder what they'd print on it.
Silverheart - July 7, 2013, 11:53 pm,
Doctor Who, Spider-Man, Goku, Dracula and Metallica for starters
motifayk - July 8, 2013, 12:41 pm,
In 2008 China strongly encouraged Renminbi (chinese currency) in the international market and tried making it the reserve currency. Now they will most probably push for internationally standardized trade bonds/currency with world map or some such on it.
thecrotchetyoldcynic - July 8, 2013, 4:39 pm,
Similar to the United Nations symbol?
motifayk - July 9, 2013, 1:42 pm,
Most probably. The real issue is that once US looses trade leadership in technology and manufacturing exports; which China is steadily conquering, all the democratic world will definitely be in peril. They won't have trade advantage.
thecrotchetyoldcynic - July 9, 2013, 4:10 pm,
This is really interesting, yet slightly humorous on some level.
curlyrocks - July 8, 2013, 3:51 pm,
The people who have 99% of the money now take 99% of the money they print, for I don't know money fights and felling like a big man I guess. And yes if we switched to a gold standard they would just take 99% of the gold.
thecrotchetyoldcynic - July 8, 2013, 4:38 pm,
motifayk - July 9, 2013, 1:43 pm,
No, most of the people who belong in '99% money' clas already have it in Gold and Diamonds. No issues there.