It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The list includes oil exporting nations such as Angola, Algeria, Nigeria, Oman, Iran, Iraq, Venezuela, Qatar, Yemen and Saudi Arabia.
Other countries on the list include Russia, Japan, Singapore, Australia, Indonesia, South Korea, Malaysia, Mexico, South Africa and Thailand.
I don't have much faith in the Dollar so why should other countries have faith in it. The US took a lot of risks with it's economy. They allowed some pretty dishonest people to start working in the stockmarkets and other financial sectors of this nation. I don't care who started the problem, fix it and clean up the mess already. They are just pushing it down the road right past the repair shop thinking it will restart without fixing it.
... the US could flush the dollar and financially wipe out all contenders in a single blow. Instate the new dollar and go unopposed leaving everyone no choice but to accept it globally as the one and only currency....
Currency swaps are fine if you intend to catch everyone. With the RMB/CNY going global and many countries going for direct swaps with the yuan, once agreed too and trading begins, the US could flush the dollar and financially wipe out all contenders in a single blow. Instate the new dollar and go unopposed leaving everyone no choice but to accept it globally as the one and only currency. Even the markets are prime for the taking, its already happened twice before in 1815 and 1929, as they say, third times the charm.