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<p>[QUOTE=&quot;fretboard, post: 1240675, member: 19765&quot;]Should we expect an Amero currency which will cover the USA, Mexico and Canada?&nbsp; Sure makes a gold coin collector wonder.&nbsp; </p><p><br /></p><p>_____________________________________________________________________________________________________________</p><p><br /></p><p>Today, the value of SDRs is based on a&nbsp; basket of four currencies – the US dollar, yen, euro and sterling – and&nbsp; they are used largely as a unit of account by the IMF and some other&nbsp; international organisations.</p><p>&nbsp;</p><p>China’s proposal would expand the basket&nbsp; of currencies forming the basis of SDR valuation to all major economies&nbsp; and set up a settlement system between. SDRs and other currencies so&nbsp; they could be used in international trade and <a href="http://www.businessinsider.com/china-wants-a-new-reserve-currency-2009-3#" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.businessinsider.com/china-wants-a-new-reserve-currency-2009-3#" rel="nofollow"><span style="color: darkgreen">financial</span></a> transactions.</p><p><br /></p><p>&nbsp;</p><p>Ultimately, this sounds more theoretical than anything else right&nbsp; now, and it shouldn&#039;t be taken as any definitive sign of China&#039;s&nbsp; attitude towards the Dollar. But if you assume that we&#039;re wholly&nbsp; dependant on China to continue to finance spending, and they keep making&nbsp; comments like this -- week after week -- you should definitely be a&nbsp; little nervous.</p><p><br /></p><p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Read more: <a href="http://www.businessinsider.com/china-wants-a-new-reserve-currency-2009-3#ixzz1UPnQE08N" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.businessinsider.com/china-wants-a-new-reserve-currency-2009-3#ixzz1UPnQE08N" rel="nofollow">http://www.businessinsider.com/china-wants-a-new-reserve-currency-2009-3#ixzz1UPnQE08N</a></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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