/biz/ - Business & Finance

[Anonymous No.356446]

What will you do when the U.S. Dollar loses its position as the global reserve currency?
pic unrelated

[Anonymous No.356635]

Nothing.

[Anonymous No.356659]

I will be dead by then

[Anonymous No.356667]

>Be Australian
>tfw we become the worlds next superpower

[Anonymous No.356696]

>>356446
laugh

because of >>356667

no way we're becoming a superpower, but our currency is strong and stable while china keeps buying shit we dig up...

[Anonymous No.356710]

>tfw Euro
>tfw Petro dollar will be replaced by Petro Euro
>tfw swimming in gold
I guess Id party like mad.

[Anonymous No.356738]

>>356659
You better plan to do it within the next 5 or max 10 years then.

[Anonymous No.356774]

>>356710
So much wrong I'm not sure where to start.

[Anonymous No.356777]

>>356774
Give it a try.

[Anonymous No.356788]

>>356777
Well EUR becoming the dominant global reserve currency or gold suddenly becoming more important are both quite silly ideas.

[Anonymous No.356789]

>>356446

Nothing, I'm already prepared.

[Anonymous No.356796]

>>356738

>>>/x/

[Anonymous No.356805]

>>356788
Well if
>>356446
happen, then what currency would replace it if it wouldn't be the Euro?

[Anonymous No.356812]

>>356738

Some people are very afraid of holding the US Dollar because the internet thinks it will flip tomorrow. It's actually pretty humorous how uneduated people get brainwashed into journalism so quickly. Ever since the US Dollar hit it's major bottom, every blog on the internet has been saying the US Dollar will be gone in 2009, then it's 2010, then it's 2011, and so on. It's just one example of how silly and ignornant journalists are.

The US Dollar is a reserve currency. A reserve currency is not something you can just flip the switch on. It's a long-term process to develop a reserve currency, and even a longer process to transition to a new reserve currency. It won't just happen out of the blue tomorrow, next week, next month, next year, or the next decade. The dollar reserve status is not in jeaopardy. Here's why.

A reserve currency requires a very deep capital market, solid legal frame work, a credible central bank, and a strong military. This would confer a safe haven status for the reserve currency.

The Euro will never become a reserve currency anytime soon because it doesn't the framework. The Japanese Yen will never become a reserve currency anytime soon because they don't want the debt or GDP risk. The Chinese Yuan will never become a reserve currency anytime soon because they lack deep capital, the legal framework, political risk, and by doing so, they would have to dump US Treasuries to become a reserve. They would never do that because that's what makes them as powerful economically as they are today. There will also never become a global currency because of the lack in global cooperation and there would be a lack of instutional framework.

But keep on believing your Huffington Post articles. They are nothing but blogs.

[Anonymous No.356821]

>>356805
In OPs hypothetical scenario, it would be whatever country / currency managed to unseat the U.S. / USD. There's no real reason to think that the E.U. / EUR is capable of doing this considering all the problems it has.

[Anonymous No.357637]

Gold dinar
Gold back renmimbi
Gold back ruble
Sdr
ICC
Gold
Silver

[Anonymous No.357645]

I'm also stockpiling Kid Cuisine.

[Anonymous No.357648]

>>357645
>not hoarding lunchables
Stay pleb

[Anonymous No.357653]

>>356812
I don't think the fear has as much to do with the Dollar being the reserve currency as it does with our inability to stop spending and increasing the money supply.

[Anonymous No.357655]

>>357653
Funny thing, as long as the US is the reserve currency it gets a lot more leeway than most other countries could in that regard.

[Anonymous No.357664]

I wouldn't bet against American hegemony, but I would buy some put options just in case.