Sentences with phrase «reserve currency alternative»
Right now, the dollar benefits from the fact there is really no reserve currency alternative.
http://www.canadianbusiness.com/ Not exact matches
Simply put, the Canuck buck has become an attractive alternative to the world's ailing reserve currency.
Either an alternative global reserve currency will be established, or nations will institute dual - currency trading: one value for real trade, another value for foreign exchange.
That will happen as soon as there is an alternative world reserve currency.
Thing is, we don't have a logical alternative to the US Dollar as the global reserve currency.
Particularly, in a situation such as that which exists today, where the shadow banking system responsible for much of the last few years of credit expansion is now dramatically contracting outside any possible control of the central banking authorities, there is no alternative but deflationary collapse with a concomitant moon shot in the value of the world's reserve currency v. all other asset classes.
In his comments at the Women's Economic Roundtable the other day, Paul Volcker mentioned an alternative exchange rate system he was working on twenty - five years ago, having to do with, as I understood it, using reserves that grow too big to trigger currency revaluations.
Media companies and investment firms in South Korea, India, Australia and Japan have started to discuss the possibility of Bitcoin surpassing the value of certain reserve currencies in the far future as an alternative monetary and financial system.
Moreover, if bitcoin becomes one of the reserve currencies of the global economy by targeting the $ 40 trillion offshore banking market, $ 8 trillion gold market, and the $ 50 trillion fiat currency market, governments will need to have a supply of bitcoin and alternative cryptocurrencies as the leading financial authorities.