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Even the greeks want to stay in the euro (http://greece.greekreporter.com/2015/04/30/poll-shows-75-of-greeks-want-to-stay-in-euro-zone http://greece.greekreport
by gonvaled 11y ago
Even the greeks want to stay in the euro (http://greece.greekreporter.com/2015/04/30/poll-shows-75-of-greeks-want-to-stay-in-euro-zone http://greece.greekreporter.com/2015/04/30/poll-shows-75-of-...)
The current system benefits the monopolist of the global currency (dollar): basically, the system is rigged so that the US is leeching from most of the economic transactions taking place in the world (be it purchase of oil, international settlements, credit card processing, etc) The US has aggresively defended the status-quo (speculation about US terrorism to disturb the functioning of the Iranian Oil Bourse http://en.wikipedia.org/wiki/Iranian_oil_bourse http://en.wikipedia.org/wiki/Iranian_oil_bourse). A big chunk of the US GDP is used to maintain this rigged system in place (military, intelligence services, marketing, and political lobbying expenses).
According to the article, China is not trying to push the RMB to substitute the dollar, but suggesting that the IMF should issue a global currency:
> To better insulate countries from the ills of one country or one currency, Zhou said the IMF should create a “reserve currency” based on shares in the body held by its 185 member nations, known as special drawing rights, or SDRs.
Which seems fair.
Not that the US will be cooperative on this, of course. The US will only accept any kind of international agreement whenever it has no other option. It will try to keep controlling international markets, trade agreements, intellectual property rights, copyrights, and generally bullying its way around the world, until the rest of the world does not play along anymore. Then they will accept international agreements, and say with a straight face that this is their effort to expand prosperity around the world.
EDIT: grammar.