reply to post by Wonderer2012
Single world currency is only possible when major currencies fail. So, if Euro fails - dollar will follow with a delay.
When dollar fails, economies which have their currencies related to dollar will "fail" - i.e. oil producing countries.
China - will fail due to them holding dollar based assets.
Russia - will not fail as such, but will be surely impacted indirectly by both dollar and euro being ditched.
Vatican Bank - largest holder of gold assets - will declare seventh heaven has just arrived.
What they are currently conspiring at Euro-zone, is a sort of collective financial suicide plan, bank federation. This would give European union a
collective responsibility over bank guarantees. To my knowledge Sweden already is expressing doubts about wasting its national economy to feed
southern Europe's capital hungry banks.