Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilizing" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency.…
Boom!!! (Sound of heads exploding.)
Reuters
World needs to end risky reliance on U.S. dollar: BoE's Carney
Writing by William Schomberg; Editing by David MillikenReuters
World needs to end risky reliance on U.S. dollar: BoE's Carney
3 comments:
If only we understood how to design a system where countries only borrowed in their own currency and exporters were forced to shoulder and hedge the risk of their foreign trade/ need for foreign financial assets.
Surely an Earthozone currency will have the same negative flaws as the Eurozone currency, it will be captured by the rich few who are mainly interested in raping the planet including the people for their own unbalanced and pathetic sociopathic needs?
USD zombies are gonna no likey....
just run fixed exchange at 1:1 all currencies... designate all Reserves as Tier1 qualified regardless of national origin; no foreign claims.... regulate instead the physical movement of real product/people.... if you view the other nation as an enemy then f them let them eat shit and die just dont send them any of your product and dont let any of their people in... like were doing with Venezuela and Iran now.. it avoids unnecessary warfare...
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