The Western currencies have dominated the world for centuries ..... At the beginning of the Globalization process, at the end of the Cold War, the western currencies were the basis to build an international monetary system ....
everybody wanted USD, GBP or euros ..... Russian rubles or Vietnamese dongs were less attractive ....
Western countries are bankrupt , but until a new monetary system, they will keep currencies with a high value ...., because their currencies control a complex financial worldwide.
To export products or to attract investments, a low level currency could be nice !!! We see currently an unbalanced monetary system !!!!
Some countries are buying physical Gold to anticipate a change, but there is not enough gold on the Earth.
WE THINK A CURRENCY SHOULD NOT NECESSARY BE BACKED, BUT BE GRADED ON ITS ABILITY TO CREATE A POSITIVE ECONOMIC MOMENTUM !!!!
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