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by Im Alec has abandoned this account on December 24th, 2009
When another country appears with a greater volume of international trade and as much transparency and convertibility.
That will not be for some time. The total size of the Chinese economy will probably match the US some time in the next decade. But with five times as many people, much more of that money is in locally-traded basics, and much less available for international trade. The yuan is rigidly controlled by the Chinese government, and is not freely convertible. The government may de- or re-value it at any time.
The Euro is the nearest competitor. But it is always likely to remain little-brother to the dollar. Possibly if there were no most-popular currency, the euro might have a chance of competing with the dollar. But it has no chance of unseating the incumbent.
by PrivateGomerSpooner on December 24th, 2009
When oil, gold and silver companies make more money trading in the Yuan. That's when they will stop using the US Dollar.
by More2Be on December 24th, 2009
When B. Hussein Obama's great giveaway has necessitated the printing of so many dollars that they are completely worthless. Just look up "Robert Mugabe and Zimbabwe".
by Sarah M on December 24th, 2009
On the day they decide to completely collapse the US economy and destroy the US.
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