Tag Archives: global reserve currency

Just not anytime soon though — although it could happen faster than anyone thinks if conditions change sufficiently enough. Mechanisms are being put in place. Interesting post, but you probably know most of this already.The HillThe end of the dollar as we know it Andy Langenkamp, Opinion Contributor

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.)ReutersWorld needs to end risky reliance on U.S. dollar: BoE's Carney Writing by William Schomberg; Editing by David Milliken

Stories about the imminent replacement of the USD as the global reserve currency abound. In some circles it is the consensus reality. Martin Armstrong sets a questioner straight. China is on the rise and it will become the financial capital of the world after 2032. However, it has a long way to go. China can price every commodity in yuan and demand all trade deals are in yuan. That still will not displace the dollar. The center core issue behind the dollar ironically in the US National...