Stock版 - 美元作为世界货币霸主的日子不长了 2012-03-27 07:47:02 (转载) |
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发帖数: 4612 | 1 【 以下文字转载自 Military 讨论区 】
发信人: wayofflying (小破熊), 信区: Military
标 题: 美元作为世界货币霸主的日子不长了 2012-03-27 07:47:02
发信站: BBS 未名空间站 (Tue Mar 27 19:01:24 2012, 美东)
美元作为世界货币霸主的日子不长了 2012-03-27 07:47:02
http://theeconomiccollapseblog.com/archives/10-reasons-why-the-
10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is
About To Come To An End
The Economic Collapse, 26 March 2012
The U.S. dollar has probably been the closest thing to a true global
currency that the world has ever seen. For decades, the use of the U.S.
dollar has been absolutely dominant in international trade. This has had
tremendous benefits for the U.S. financial system and for U.S. consumers,
and it has given the U.S. government tremendous power and influence around
the globe. Today, more than 60 percent of all foreign currency reserves in
the world are in U.S. dollars. But there are big changes on the horizon. The
mainstream media in the United States has been strangely silent about this,
but some of the biggest economies on earth have been making agreements with
each other to move away from using the U.S. dollar in international trade.
There are also some oil producing nations which have begun selling oil in
currencies other than the U.S. dollar, which is a major threat to the
petrodollar system which has been in place for nearly four decades. And big
international institutions such as the UN and the IMF have even been issuing
official reports about the need to move away form the U.S. dollar and
toward a new global reserve currency. So the reign of the U.S. dollar as the
world reserve currency is definitely being threatened, and the coming shift
in international trade is going to have massive implications for the U.S.
economy.
A lot of this is being fueled by China. China has the second largest economy
on the face of the earth, and the size of the Chinese economy is projected
to pass the size of the U.S. economy by 2016. In fact, one economist is even
projecting that the Chinese economy will be three times larger than the U.S
. economy by the year 2040.
So China is sitting there and wondering why the U.S. dollar should continue
to be so preeminent if the Chinese economy is about to become the number one
economy on the planet.
Over the past few years, China and other emerging powers such as Russia have
been been quietly making agreements to move away from the U.S. dollar in
international trade. The supremacy of the U.S. dollar is not nearly as solid
as most Americans believe that it is.
As the U.S. economy continues to fade, it is going to be really hard to
argue that the U.S. dollar should continue to function as the primary
reserve currency of the world. Things are rapidly changing, and most
Americans have no idea where these trends are taking us.
The following are 10 reasons why the reign of the dollar as the world
reserve currency is about to come to an end....
#1 China And Japan Are Dumping the U.S. Dollar In Bilateral Trade
A few months ago, the second largest economy on earth (China) and the third
largest economy on earth (Japan) struck a deal which will promote the use of
their own currencies (rather than the U.S. dollar) when trading with each
other. This was an incredibly important agreement that was virtually totally
ignored by the U.S. media. The following is from a BBC report about that
agreement....
China and Japan have unveiled plans to promote direct exchange of their
currencies in a bid to cut costs for companies and boost bilateral trade.
The deal will allow firms to convert the Chinese and Japanese currencies
directly into each other.
Currently businesses in both countries need to buy US dollars before
converting them into the desired currency, adding extra costs.
#2 The BRICS (Brazil, Russia, India, China, South Africa) Plan To Start
Using Their Own Currencies When Trading With Each Other
The BRICS continue to flex their muscles. A new agreement will promote the
use of their own national currencies when trading with each other rather
than the U.S. dollar. The following is from a news source in India....
The five major emerging economies of BRICS -- Brazil, Russia, India, China
and South Africa -- are set to inject greater economic momentum into their
grouping by signing two pacts for promoting intra-BRICS trade at the fourth
summit of their leaders here Thursday.
The two agreements that will enable credit facility in local currency for
businesses of BRICS countries will be signed in the presence of the leaders
of the five countries, Sudhir Vyas, secretary (economic relations) in the
external affairs ministry, told reporters here.
The pacts are expected to scale up intra-BRICS trade which has been growing
at the rate of 28 percent over the last few years, but at $230 billion,
remains much below the potential of the five economic powerhouses.
#3 The Russia/China Currency Agreement
Russia and China have been using their own national currencies when trading
with each other for more than a year now. Leaders from both Russia and China
have been strongly advocating for a new global reserve currency for several
years, and both nations seem determined to break the power that the U.S.
dollar has over international trade.
#4 The Growing Use Of Chinese Currency In Africa
Who do you think is Africa's biggest trading partner?
It isn't the United States.
In 2009, China became Africa's biggest trading partner, and China is now
aggressively seeking to expand the use of Chinese currency on that continent.
A report from Africa’s largest bank, Standard Bank, recently stated the
following....
“We expect at least $100 billion (about R768 billion) in Sino-African trade
– more than the total bilateral trade between China and Africa in 2010 –
to be settled in the renminbi by 2015.”
China seems absolutely determined to change the way that international trade
is done. At this point, approximately 70,000 Chinese companies are using
Chinese currency in cross-border transactions.
#5 The China/United Arab Emirates Deal
China and the United Arab Emirates have agreed to ditch the U.S. dollar and
use their own currencies in oil transactions with each other.
The UAE is a fairly small player, but this is definitely a threat to the
petrodollar system. What will happen to the petrodollar if other oil
producing countries in the Middle East follow suit?
#6 Iran
Iran has been one of the most aggressive nations when it comes to moving
away from the U.S. dollar in international trade. For example, it has been
reported that India will begin to use gold to buy oil from Iran.
Tensions between the U.S. and Iran are not likely to go away any time soon,
and Iran is likely to continue to do what it can to inflict pain on the
United States in the financial world.
#7 The China/Saudi Arabia Relationship
Who imports the most oil from Saudi Arabia?
It is not the United States.
Rather, it is China.
As I wrote about the other day, China imported 1.39 million barrels of oil
per day from Saudi Arabia in February, which was a 39 percent increase from
one year earlier.
Saudi Arabia and China have teamed up to construct a massive new oil
refinery in Saudi Arabia, and leaders from both nations have been working to
aggressively expand trade between the two nations.
So how long is Saudi Arabia going to stick with the petrodollar if China is
their most important customer?
That is a very important question.
#8 The United Nations Has Been Pushing For A New World Reserve Currency
The United Nations has been issuing reports that openly call for an
alternative to the U.S. dollar as the reserve currency of the world.
In particular, one UN report envisions "a new global reserve system" in
which the U.S. no longer has dominance....
"A new global reserve system could be created, one that no longer relies on
the United States dollar as the single major reserve currency."
#9 The IMF Has Been Pushing For A New World Reserve Currency
The International Monetary Fund has also published a series of reports
calling for the U.S. dollar to be replaced as the reserve currency of the
world.
In particular, one IMF paper entitled "Reserve Accumulation and
International Monetary Stability" that was published a while back actually
proposed that a future global currency be named the "Bancor" and that a
future global central bank could be put in charge of issuing it....
"A global currency, bancor, issued by a global central bank (see Supplement
1, section V) would be designed as a stable store of value that is not tied
exclusively to the conditions of any particular economy. As trade and
finance continue to grow rapidly and global integration increases, the
importance of this broader perspective is expected to continue growing."
#10 Most Of The Rest Of The World Hates The United States
Global sentiment toward the United States has dramatically shifted, and this
should not be underestimated.
Decades ago, we were one of the most loved nations on earth.
Now we are one of the most hated.
If you doubt this, just do some international traveling.
Even in Europe (where we are supposed to have friends), Americans are
treated like dirt. Many American travelers have resorted to wearing Canadian
pins so that they will not be treated like garbage while traveling over
there.
If the rest of the world still loved us, they would probably be glad to
continue using the U.S. dollar. But because we are now so unpopular, that
gives other nations even more incentive to dump the dollar in international
trade.
So what will happen if the reign of the U.S. dollar as the world reserve
currency comes to an end?
Well, some of the potential effects were described in a recent article by
Michael Payne....
"The demise of the dollar will also bring radical changes to the American
lifestyle. When this economic tsunami hits America, it will make the 2008
recession and its aftermath look like no more than a slight bump in the road
. It will bring very undesirable changes to the American lifestyle through
massive inflation, high interest rates on mortgages and cars, and
substantial increases in the cost of food, clothing and gasoline; it will
have a detrimental effect on every aspect of our lives."
Most Americans don't realize how low the price of gasoline in the United
States is compared to much of the rest of the world.
There are areas in Europe where they pay about twice what we do for gasoline
. Yes, taxes have a lot to do with that, but the fact that the U.S. dollar
is used for almost all oil transactions also plays a significant role.
Today, America consumes nearly a quarter of the world's oil. Our entire
economy is based upon our ability to cheaply transport goods and services
over vast distances.
So what happens if the price of gasoline doubles or triples from where it is
at now?
In addition, if the reign of the U.S. dollar as global reserve currency ends
, the U.S. government is going to have a much harder time financing its debt.
Right now, there is a huge demand for U.S. dollars and for U.S. government
debt since countries around the world have to keep huge reserves of U.S.
currency lying around for the sake of international trade.
But what if that all changed?
What if the appetite for U.S. dollars and U.S. debt dried up dramatically?
That is something to think about.
At the moment, the global financial system is centered on the United States.
But that will not always be the case.
The things talked about in this article will not happen overnight, but it is
important to note that these changes are picking up steam.
Under the right conditions, a shift in momentum can become a landslide or an
avalanche.
Clearly, the conditions are right for a significant move away from the U.S.
dollar in international trade.
So when will this major shift occur?
Only time will tell.
【继续阅读】一张图就能显现：美元的霸主地位就快丢失啦！
http://blog.wenxuecity.com/myblog/46947/201203/5551.html
古风解读美国未来的经济与股市行情
http://blog.wenxuecity.com/myblog/46947/201203/21036.html
人类文明竞争的主战场：石油金融体系
http://blog.wenxuecity.com/myblog/46947/201203/21217.html
金砖五国开始建立自己独立的银行体系了
http://blog.wenxuecity.com/myblog/46947/201203/18659.html
中国的人民币不久就会在金砖五国流通了
http://blog.wenxuecity.com/myblog/46947/201203/6048.html
[打印] | l**********r
发帖数: 4612 | | m*******i
发帖数: 104 | 3 so basically this is saying china is ditch dollar... |
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