The Importance of a Large Liquid Stable Currency

The Chinese are the most manipulated currency in human history, he says. The need to have a large liquid stable currency maintained by a country that doesn't care what happens every day is so huge,. Even at the height of the British Spanish confrontations in the late colonial period, the Brits were using almost exclusively Spanish currency for lubricate trade. Money is so integral to our system that if we don't have enough money, then everything collapses and you will use the money of your biggest competitor.