What will the US do when the Canadian Dollar becomes the world standard? - Page 2 - Political Forum

presluc · 03-21-2008, 04:04 PM

Quote:

Originally Posted by Caltex

I don't see the Yen becoming the world standard because China artificially inflates its currency so that they can export for cheaper. A strong Yen would probably hurt China, because they are so reliant on exports. Because of this, their currency will not be stable enough to be a world standard.

As in my post I didn't say that the yen would become a world standard only a major player in world finance.

Would a stronger dollar hurt the U.S.?The Asian coutries have more and more coming into the U.S.,while America has less going out.

Martin · 03-21-2008, 07:48 PM

Ahem... Yen = Japan's currency.
I guess Caltex meant Yuhan, aka RMB as China's currency?

Caltex · 03-21-2008, 08:00 PM

Quote:

Originally Posted by Martin

Ahem... Yen = Japan's currency.
I guess Caltex meant Yuhan, aka RMB as China's currency?

Oh yeah, my bad. I always get those two mixed up.

Martin · 03-21-2008, 08:24 PM

No prob.
Actually I misspelled: it's Yuan!

Dr House · 03-22-2008, 03:49 AM

Quote:

What will the US do when the Canadian Dollar becomes the world standard?

Nothing. The Canadian dollar will not become the World standard, Canada's not wealthy enough.

The Euro will.

JKD · 04-14-2008, 09:24 AM

Exactly, the U.S dollar is very low, and the Euro growing very fast, it has a better rate then the U.S dollar right now, and the EU industry is getting back into shape, the Euro will probably be the next world standard currency.

hjj589 · 06-13-2008, 03:57 AM

Quote:

Originally Posted by dagdagad

I am new to this site and like to discuss politics. I am a university graduate and would like to discuss any thing of interest with anyone.
How did Canada get sunk into Afghanistan, did our PM get some promise from George?
We are a peace keeping nation, not a war machine.
I am a retired upper management retailer and have been watching the world scene for 40 years.

Yes, i believe you , i think you are the best.

LoveDubai · 06-13-2008, 11:00 AM

Quote:

Originally Posted by hjj589

Yes, i believe you , i think you are the best.

The american dollar will always be the world valuta!

Why use candians dollars? because of there big oil reserves?

Svante · 06-13-2008, 12:03 PM

Quote:

Originally Posted by LoveDubai

The american dollar will always be the world valuta!

Why use candians dollars? because of there big oil reserves?

you are wrong. the euro are worth much more then US dollar. Iran already use this.

Wee Mousie · 06-17-2008, 03:48 PM

Quote:

Originally Posted by dagdagad

On another topic what will the world do when the Canadian dollar becomes the world standard? . .

If you are speaking of the Petrodollar, it will become the Petroeuro. That transition is already happening.

The US dollar was chosen immediately after WWII because it was the only stable currency in which to trade valuable energy products. Since the American dollar has not been the only stable currency for several decades, America has had the value of its dollar being used by the petroleum trade out of tradition.

Now that the American dollar is showing signs of instability, with worse prospects for the future, most countries are eyeing the Euro. Unless China decides that it is in their interest to stop undervaluing the Chinese renminbi yuan, the Euro seems slated to become the US dollar’s successor as official petro-currency

Canada’s only influence in the petroleum trade is as a small producer. If neither the Iranian rial nor the Venezuelan bolivar have become a petro-currency, the Canadian dollar will not, either.