The strong Euro/Amero zone

The dollar's slide seems irreversible, and beyond a not-too-far point, numerous other currencies emerge as better-yielding zones to park oil and other global revenues. While this is not the place to debunk the already weak myth of a global clash of civilizations, the long term emergence of alternative economic zones is likely. One could be the Euro/Amero area, initially separated, but merging into a larger Western macro-economic zone. Another might evolve out of the Shanghai Cooperative Organization, with the rouble and yuan embracing each other, after a similar phase of antagonism. A third, as-yet unknown currency bloc could emerge out of the Islamic oil crescent, with the facade of religion and blending with the SCO to be at least as strong as the Euro/Amero zone.

Source: Desicritics.org

Custom Search