My view is that there is already a 'global' currency. It's called, 'currency.' The creation of a NEW currency in which many nations participate in the establishment of, could help ail some of the instability worries many are expressing. This would by no means eliminate the currencies the nations already use. I think the public at large hears talk of this & envisions what currently is occupying their wallets will change. I'm more anticipating a global currency which is held moreso by governments & businesses for purpose of international trade. This could eliminate much of the analysis necessary & pitfalls caused by price volatility which is completely unrelated to their industry. Who would participate in the creation of this type of currency, I think, is the key to understanding how it will affect the markets as we know them.
If anything, it could be a HUGE opportunity for those of us who understand the dynamics of the currency market .vs. Joe Schmoe...
As always though, those participants who are more stable upon inception of said currency obviously should have more 'buying power' & thus a lot of the instability essentially gets 'priced in' to the value. If the new currency is supposed to be more stable for interchanging, wouldn't those that hold more of it still have the upper hand that was present prior to the creation?
I'd love feedback on this as I'm going way out on a speculative limb here...
Posts
No comments:
Post a Comment