Global Currency Reset in 90days...

Aww man not another Iraqi Dinar pump and dump.

The number of people that have spent their life savings on these things thinking they're about to be "revalued" is staggering. Bloody retiree fraud rife in Florida ripping off the elderly.

Scam based on a premise about revaluing the dinar based on in-ground oil reserves as backing, and references to historical pre-war forex rates, makes sense to the economically naive. On those grounds, we should all be buying Zimbabwe dollars.

Dongs and a few other currencies got caught up in it - basically any currency that looks impressive as suitcases full of cash for a few thousand US dollars. People are paying 10-20x official exchange rates to buy pretty much worthless currencies that get exported by the container load.
 
A currency reset is an interesting scenario. And whilst most had expected that this would happen, as a prelude to the forthcoming digital currency ie mark of the beast etc.

The question is, what currency will be used as the mean that all the other currencies orbit around within the 5-10% tolerance range? And at what level does the A$ stand in this?
 
Assuming that there will be a global monetary reset, which country is likely to take up the cudgels as having the world's reserve currency?

The obvious choice appears to be China with both military and financial acumen, however stranger things have happened, and I cannot rule out Singapore or HK from a monetary perspective.
 
if there isnt an obvious choice like now; what if they said Euro and Yuan will both be a reserve currency. Would this be possible?
 
Argentum said:
if there isnt an obvious choice like now; what if they said Euro and Yuan will both be a reserve currency. Would this be possible?
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Doubtful, as both have differing economic markets, wages, living standards etc.

However, like most things recently, what should happen doesn't and what shouldn't does! :/
 
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goldpelican said:
Scam based on a premise about revaluing the dinar based on in-ground oil reserves as backing, and references to historical pre-war forex rates, makes sense to the economically naive. On those grounds, we should all be buying Zimbabwe dollars.
Click to expand...

Oh damn. FS: A huge number of Zimbabwean dollars - pristine condition, never used, likely to go to the moon any day now....:D
 
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