Will the dollar be replaced?

Several countries, like China, are worried about the massive and growing size of the US debt. There are calls to move away from the dollar as the international reserve currency (some already have) and go to some form of a global currency regulated by the IMF. The concern is partly over the real possibility of rampant inflation, as the US prints more money, which affects the value of our debt.

Will we see the dollar fall from world use? If so, what will be the impacts, good or bad? The US is in very real financial trouble here, and the bailout threatens to make it even worse.

Answer #1

The euro is going to be the new international currency…think about their EU system: far, far better than the bloated federal government (which is the correct analogy)…and, when was the last time any EU country decided to instigate some invasions of a 3rd world country? It’s been a while since World War II…and, the decline of religion on Europe after centuries of religious wars, monarchy, etc means that you have a more intellectual populace, more social policies the list goes on.

Our US system, in contract, was at one point “leading the charge…” when it was founded, however, it’s been floundering as under any political figures leadership we simply have the wrong priorities and WAY too much wasted spending at the federal level.

The dollar is toast…the Euro is the next big thing, has been for a while, imho.

Answer #2

The longer we keep the dollar bill up the worse things will be…By making more money we aren’t even suppose to have makes inflation anyways…We are going in a Depression and I believe it will be worse then the Great Depression.

Answer #3

I disagree that the euro will be the new international currency. China, Russia, and Japan (not to mention the US) are not in favor of it, either preferring their own or another alternative. If the world’s three largest economies and another fairly large economy do not do it, it won’t happen. Besides, the euro is almost always a scapegoat when EU countries have economic problems, and a substantial portion of European public opinion is not settled on it. The euro has not yet demonstrated it can function as a reserve currency.

I think our best bet is probably to return to the gold standard, but I doubt that will ever happen.

Answer #4

us brits dont even want to be part of the EU lent alone the impending Euro currency we may change over thanks to our corrupt goverment who are forcibng us to do this not lettin us mak our own decisions my guess is britain hasnt learnt from the world wars germany started printing money then it became worthless so one can only guess wot will hapen to currencies that print money

Answer #5

What will happen, is a diversification of currencies, rather than a rush to some other intrinsically worthless fiat currency. Hell, maybe metals will see renewed interest as a (mostly) uninflatable holder of value.

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