Putin: US is economic parasite on the global economy

[Kasz216]

Mr Khan said:

Kasz216 said:
The only problem with other reserve currencies is.... they're all garbage.

The Euro is even more unstable then the dollar at this point....

so where is your money going? Sure you can put in some currency here and there in various emerging markets....

maybe put a bunch of money in Indian Rupee...

but there really aren't a lot of options out there.



Canada might be a good hedge, being resource based (as in Canada has a lot of resources) as thing gets worse, Canada's money should grow in value.

The developing countries have been agitating for some sort of global currency as a counterpoint to the dollar, but i can't imagine that such a currency would have fewer issues than the ones that have developed due to the Euro's lack of mobility.

Although it might be a good idea to build tiered currency blocs, but based on your position in the global economy, and not your geographic position

Yeah, i know some people are looking for the creation of a new theoretical currency... it just would be problematic.