By the way, this whole citizenship thing would be easily settled if there were a free market in residency/citizenship. For example, if each country allotted X% of its population for temporary residents, and a small % for new citizens. It would then be like stocks, you could see which countries were valued the most. It would be amusing to see which countries required *negative* prices to attract immigrants and citizens - would you become a resident of Zimbabwe if they paid you $100k a year? What about becoming a citizen of Saudi Arabia for $1 million in oil money? Would anyone pay more than about 10 euros to live in Belgium? Damn, I'd LOVE to see how this would work out.
. November 15, 2010 SouthAmerica: The US dollar has reached the end of the road after a long ride that lasted over 60 years - From the Marshall Plan days around 1946 to the Ben Bernanke QE1 and QE2 also known as the "Confetti" days. ***** January 10, 2008 SouthAmerica:...Here is some food for thought regarding the US dollar: â¦Today over 70 percent of US currency circulates outside the United States. The major holders of this currency are the euro countries, Japan, China, Hong Kong, Taiwan, South Korea, Indonesia, and Singapore. (We are talking about trillions of US dollars.) Over 70 percent of the US dollars ever created are flying around the world completely outside of the power and of the influence of the US government including the US Treasury and the Federal Reserve Bank. â¦About 75 percent of the US dollars circulating outside the United States are in the hands of these few Asian central banks, and if any one of these countries decides to sell their US dollar monetary reserves to buy gold it will produce a stampede to exit the US dollar, creating a gold and euro buying panic. ⦠This oversupply of US dollar circulation outside the United States might prove to be the Achilles heel of the US economy and also can become a nightmare to the Federal Reserve. The Federal Reserve would need to raise interest rates in the US, creating a major problem for the US economy and the financial markets. As of 2007, the US dollar still has the largest share (65.7%) of foreign reserve holdings by central banks from around the world, and the Euro has only a 25.2% market share. In 2008, the current global currency composition of official foreign exchange reserves includes the US dollar with about a 65 percent market share and the euro has about a 26 percent market share â and combined these 2 currencies accounts to 91 percent market share of official foreign exchange reserves held by central banks around the world. Here is another issue to keep in mind: the global financial system has been very creative and dynamic for many years and today there is an estimated 20 trillion US dollar in circulation in the world and most of them are in the form of electronic computer-credits. Only about five percent is in physical cash form. Half of those 20 trillion dollars float around the world outside of US borders and outside the US economy. If we have a major international monetary crisis in the near future and a large portion of that half of the global floating US dollars suddenly returns to US shores, instant hyperinflation in the US would be the result and also the collapse of the current international monetary system. The day the world loses faith on the future value of the US dollar and the US economy - that's the day when the Titanic will hit the iceberg and sink. http://www.elitetrader.com/vb/showt...ns+of+US+dollars+around+the+world#post1742934 ***** November 15, 2010 SouthAmerica: Now that the Titanic has hit the iceberg...you also can kiss goodbye to: Military spending, collapse of US empire http://www.youtube.com/watch?v=dIHOP4I3Ovo&feature=player_embedded .
. November 16, 2010 SouthAmerica: The above information that I posted was for the year 2007, since that time we had the collapse of Wall Street and and other international money flows that increased the over-supply of US dollars even more in the last 3 years. The enclosed information I posted on the Elite Trader Economics Forum in January 2008 - since that time the United States government has added at least another US...$ 5 to US$ 7 trillion dollars to the over-supply of US dollars circulating outside of the United States. In November of 2010 there is an estimated $ 27 trillion US dollar in circulation around the world and most of them are in the form of electronic computer-credits. Only about five percent is in physical cash form. Half of those $ 27 trillion dollars float around the world outside of US borders and outside the US economy. .