http://www.aleablog.com/beyond-the-dollar-rethinking-the-international-monetary-system/ Alea Jacta Est Tue, 07 Sep 2010 13:59:07 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.aleablog.com/beyond-the-dollar-rethinking-the-international-monetary-system/#comment-3860 James Allan Evans Fri, 09 Apr 2010 02:56:48 +0000 http://www.aleablog.com/?p=4584#comment-3860 The US dollar has been in trouble Pres. Nixon severed the connection between the US dollar and gold. If it can no longer serve as an international currency, then what might replace it is a standard based on a basket of currencies, plus gold. Once the standard is established, then various national currencies, plus the euro, would float freely. Keep in mind that the US might be a loser in this arrangement. It would affect the US debt load. The US dollar has been in trouble Pres. Nixon severed the connection between the US dollar and gold. If it can no longer serve as an international currency, then what might replace it is a standard based on a basket of currencies, plus gold. Once the standard is established, then various national currencies, plus the euro, would float freely. Keep in mind that the US might be a loser in this arrangement. It would affect the US debt load.

]]> http://www.aleablog.com/beyond-the-dollar-rethinking-the-international-monetary-system/#comment-3811 David Merkel Sun, 21 Mar 2010 00:54:01 +0000 http://www.aleablog.com/?p=4584#comment-3811 The goals are laudable, but I don't see how it would work. The IMF is too small to deal with major crises, and if European nations can't agree on a strategy in the Eurozone, I don't see how a more disparate group would end up agreeing around problems that are larger. The goals are laudable, but I don’t see how it would work. The IMF is too small to deal with major crises, and if European nations can’t agree on a strategy in the Eurozone, I don’t see how a more disparate group would end up agreeing around problems that are larger.

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