Dollar Alternative Currencies Trouble?

Nations like China have been working on coming up with an alternative currency for the US dollar. But now this is in danger of collapsing. China's high youth unemployment rate and huge bankruptcies in the housing sector are making recession look more likely there. Only Saudi Arabia and the gulf nations still look strong.

". China's high youth unemployment rate and huge bankruptcies in the housing sector are making recession look more likely there"

Perhaps you meant the U.S?

Touche! Been talking to Australians the past couple weeks and they see the same problems. Their youth are told they have to get college degrees. There aren't enough good jobs for the graduates so they are refusing to work lesser jobs, and have too much college debt to get married, or buy homes, etc.

Same problems in Europe.