posted on Jan, 16 2011 @ 06:17 PM
This will definitely have an interesting effect on confidence in the market - and I for one can't wait. I do think that it won't be an overnight
change, mostly because the current system has integrated the US dollar so deeply that a major and massive change is difficult to make.
It's about time to abandon the sinking ship that is the US dollar, but I feel like switching the global currency isn't a big enough change. The
entire economic system needs an overhaul to avoid future catastrophe - but what that change is, I have no idea. In a Utopian world, we'd live more
communally rather than competitively, which would mean certain powerful nations and corporations wouldn't exploit others for financial gain or
competitive advantage. Power would be back in the hands of the average person rather than corporations - we'd live for happiness, not for money and
I guess the question right now would be, are the Chinese competent enough to take over being the financial superpower? And what will be the US's last
ditch effort be in order to keep their stranglehold on the world?