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<p>[QUOTE=&quot;fatima, post: 1415079, member: 22143&quot;]As long as the world runs on fiat (only for the last 41 years), then the USD <u>will be</u> the reserve currency.&nbsp; The US Military absolutely guarantees that anyone with $102, as I type this, can buy a barrel of oil from any oil producing country.&nbsp; That&#039;s it in a nutshell.&nbsp;&nbsp; Any country that threatens this either gets bombed back to the stone ages and/or is isolated as part of the &quot;axis of evil&quot;.&nbsp;&nbsp; </p><p><br /></p><p>This is why any oil producing country not friendly to this situation can&#039;t have an atomic program (Iran, Iraq, Libya, etc,) and why they don&#039;t care about other countries whether they are extreme or not.&nbsp; (Brazil, Pakistan, even N. Korea can have the bomb).&nbsp; The atomic bomb is the great equalizer.&nbsp; It only takes one tactical nuke or nuclear torpedo to completely eliminate a ground invasion or a flotilla of ships.&nbsp; And this is using 1950s technology. </p><p><br /></p><p>In effect, the USD is the only asset backed currency in the world (oil) and every country knows this.&nbsp;&nbsp; While they might talk about creating alternatives, go look at their central bank balance sheets.&nbsp;&nbsp; Of course the Europeans, led by the French, never liked or accepted this situation and moved to create the Euro.&nbsp; But as people have quickly discovered in the last couple of years, without a big gun to back up the words, the Euro is falling apart.&nbsp; It&#039;s the reason the UK never joined the Euro because more than anyone else on this planet, the BOE completely understands how this works.</p><p><br /></p><p>The big lie is that fiat is supported by nothing more than the &quot;good faith&quot; of the government that issues it.&nbsp; The reality is that fiat is valuable only from the issuer with the biggest gun who will use that gun to insure their currency can buy resources in a world short of resources.&nbsp; This is why I laugh at the notion that Chinese money will become the next world standard.&nbsp;&nbsp; Nobody trusts the Communists and any bankster with a vault full of Chinese Renminbi is having sleepless nights as they know they are only one revolution away from it being nothing more than colored paper.[/QUOTE]</p><p><br /></p>

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