socrateazz

G20 Could Surprise Currency, Gold and Bond Markets

One of the problems looming on the horizon for the US is their currency being the world's reserve currency. The US balance of trade has been negative for so long because everybody wanted more dollars to spend. I think a real intenational money should be developed denominated in $1,000, 000 actual dollar chunks accepted by all leading nations. and released into the economy in large chunks, say 100 billion (maybe a different level would be good) a month! It would be acceptd as reserve currency and smaller chunks would have to trade between current monies. Any money devauation or revalation would have to be supported by their previous three months balance of trade. and all would be reevaluated relative to the reserve currency. If the money value is great enough then every unit can be followed and accounted for under some kind of system and counterfieting would be minimal