Quote:
Originally Posted by V_RocKs
The European Union has stated previously that they will not print enough currency for the rest of the world to circulate so they are out.
Who will take over and give 3rd world countries a currency they can count on when they can no longer count of the United States?
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Don't understand the logic/background of the EU stance - tho seems prudent.
Non-industrialized countries generally don't need the dollar particularly. Some have (and still do) tag their own currency to the dollar and will probably change that scenario - especially if the problem deepens. A number of other countries who did tag to the dollar have removed that tie and let their own currency float - and can think of a few countries where their currency has been floating upwards while the dollar is lowering. Ironic.