In reality, there are two real candidates to replace the dollar.

One is the renminbi. The world’s reserve currency is usually the money that circulates in the world’s biggest economy. That was true of the pound in the 19th century, and the dollar in the 20th. And if the Chinese economy is the world’s biggest, as it soon will be, that is going to be the currency that really counts.

IOUs would work for me,,lol

Bernankians!

http://mises.org/daily/5701/The-China-Bust-Tic-Toc

http://mises.org/daily/5698/The-China-Model-Is-Unsustainable


The Colossus on Clayfeet!

..all the things that are valuable are because of the value we place upon them..so i say lets make rocks the next global currency and that way we'll all be rich...

I know someone in Texas that has a head start...

That is exactly what Federal Reserve Notes are.

Lets just trade in toilet paper. Everyone needs that stuff.

Toilet Roll and Kitchen Towel.

Two Toilet Rolls = One Kitchen Roll

it's working too!

I think like the Eurodollar was shortened to Euros, the Globdollar will be be shortened to Globs.

The manufacturing process will be simple, yet elusive of creating counterfeits: everyone can make their own, by making those little black balls (Globs) from the miasma that is acceeded via mining and rolling. Or excavating and rolling, in the nose trills.

This will eradicate poverty, as nobody can manufacture substantially more Globdars than anyone else, unless they are white middle aged males of Mediterranean origin, with jobs in the oily hands and greasy hear industries. Guys like me will be like kings!! little sectional kings, with our own garbage heaps and we can toot our horns on them. Hahaha!!

The mud nations of middle earth are petitioning the WFO and the WHO and the We Don't Know to make still black Globs but not from nosetrill mining, which is unsanitary, but from toejam. That will reduce runaway consumerism, and reduce world population, as a normal man does not want to pay at a cozy little French restaurant by taking his shoes off and picking 'round in the dark under the table. And paying for a diamond ring or for a house will require a lot of fancy foot work.

Headcheese farmers and the other kind of cheese will be coveted professions, as the farmers will be required to scratch a lot of heads. ("I'll scratch yours if you scratch mine.") You see, when a Sealey mattress will cost 2,00000000 Globs, then life instantly becomes very simple for all. Scratching body parts of others will become a luxury holyday item, a status symbol. Scratching swingers clubs will open up like mushrooms in the seedier parts of each town.

I have already started to produce and preserve Globs. They kept in prescription drug pill vials. Properly dated and labelled, of course. No effing banking crisis of the future will put a stop on me, no way hose, no sir.

Five kitchen rolls = one roll in the hay

Fifty rolls in the hay = one dozen farm eggs, fresh

One dozen farm eggs, fresh = fifty rolls in the hay.

Okay, alright, so what's the OTHER candidate?

(I read, goddammit.)

You clever Girl....

Got that photo as my background now so you are staring me in the face

what photo?

With a little luck, the Chinese will switch to the US dollar as their own national currency.

Lots of reasons for them to do so.

1. They already have more US dollar on Chinese soil than renmibi.
2. They have better things to do with their time, and faster ways to get US dollars than printing them themselves. It's easier to make a trillion US dollars by making dollar-store earphones that don't work and selling them to Valmart than to print fifty billion $20 bills. I researched this, it's actually true. Yes, in this world economy printing money is neither the fastest, nor the most efficient way of making money.

Albania and Turkistan are experimenting with dollar trees, but the Bulgar gardeners already grow diamonds, so again, technology prevails over agriculture.

trading goods and services amongst ourselves is not seeming so unrealistic these days

its a yern

Learn a trade and learn to barter.

Italian Lira. There's gonna be lots and lots of it too.