http://news.bbc.co.uk/2/hi/business/7960620.stm
So do you think that is the solution or govt issue money eg colonial scrip and greenbacks.
ps:watch money masters to know the solution and the frightening future.
http://en.wikipedia.org/wiki/User:Xiutwel/The_Money_Masters
China,Russia,UN call for a global currency.what do you think
"I was suspicious when the Euro came, but looking back it was an awesome idea. I'm all for a global currency, it'd be interesting to see how that would turn out."well would you then give your sovereignty?.do you live in USA cuz no american would say this.Kinda reminds me of the movie zeitgeist.
"well would you then give your sovereignty?.do you live in USA cuz no american would say this.Kinda reminds me of the movie zeitgeist."Well, if I have an opinion about the Euro, I can't live in the states, can I?
@HandsomeDead:
The Euro is extremely successful, has a lower inflation rate than the USD, is very popular in the states that accepted it, is the currency with the highest combined valua of cash in circulation in the world (above the USD, yes), and had it's highest worth in 2008. It's going strong, and it's awesome. Stop making shit up.
"@HandsomeDead:The Euro is extremely successful, has a lower inflation rate than the USD, is very popular in the states that accepted it, is the currency with the highest combined valua of cash in circulation in the world (above the USD, yes), and had it's highest worth in 2008. It's going strong, and it's awesome. Stop making shit up."Either a lot has changed in the past year where i've been out of the economic loop, but when studying it, I remember France at least saying they wanted to pull out as having no control over their fiscal policy meant that some sectors of their economy were dying but they couldn't do anything about it.
"Meowayne said:Funny since France was one of the largest proponents of the Euro. The Euro is actually probably the second strongest or even equally as strong as the USD. I'm not sure how I feel about a global currency. On the one hand, it would help bolster poor economy. On the other it takes control away from any one country to set economic policy. I guess baby steps are in order for this one."@HandsomeDead:The Euro is extremely successful, has a lower inflation rate than the USD, is very popular in the states that accepted it, is the currency with the highest combined valua of cash in circulation in the world (above the USD, yes), and had it's highest worth in 2008. It's going strong, and it's awesome. Stop making shit up."Either a lot has changed in the past year where i've been out of the economic loop, but when studying it, I remember France at least saying they wanted to pull out as having no control over their fiscal policy meant that some sectors of their economy were dying but they couldn't do anything about it."
Well the impact of that would be insane. Could you imagine what would happen if you had to pay a factory worker in Honduras the same wage as a factory worker in the US or Europe? Or visa versa. You would have riots and strikes over wage equalization in developing countries. It could be chaotic and cause corporations to lose the cheap manufacturing work force in those developing nations. On the other hand, outsourcing labor would be obsolete and the entire world could have the opportunity to have the same standard of living. Any way, if that ever happens, the nation state concept wont last long after.
"I like my dollar, but what would it be called, the money? "Have you never seen a film about the future? Credits are coming in, baby.
If the Euro is successful, it's because of the iron hand control that the European Economic Community over its members. Unless there was a similar body on a global scale then any single currency is impossible. The World Trade Organization, while being a forum for members to speak with each other on subjects of concern, it has no actual power. It serves as an arbiter in negotiating trade agreements but it can't direct the policies of its member nations. Which brings up a second point. The WTO is voluntary and a successful global economy controlling body would require nearly all nations to join. At the end of the First World War, the League of Nations was established as a forum for nations to work out their disagreements peacefully. However, the United States didn't join (even though it was an idea formulated by President Wilson) and it eventually failed. At this point in world history, any economic version of the League of Nations would fail as well. That level of control and national identity is just too much for any of the principle economic powerhouses to give up.
I'd love for the world to have one Currency, but I don't see it happening for a long time. Americans will fight it hard. I mean, we still haven't given up feet and yards and gallons, and you expect us to change from benjamins to a standard currency? For one thing, O'Reilly will call it a culture war, and we know thats a death threat in middle america.
"Well the impact of that would be insane. Could you imagine what would happen if you had to pay a factory worker in Honduras the same wage as a factory worker in the US or Europe? Or visa versa. You would have riots and strikes over wage equalization in developing countries. It could be chaotic and cause corporations to lose the cheap manufacturing work force in those developing nations. On the other hand, outsourcing labor would be obsolete and the entire world could have the opportunity to have the same standard of living. Any way, if that ever happens, the nation state concept wont last long after."I doubt that workers in developing countries would be paid the same as people in America. They already know they are getting a raw deal, and they accept it because its the only work they have. If they haven't already started rioting, I can't see a currency change doing anything to start it. If workers in America earned 1000 wolros an hour, then those other workers would earn 10 wolros an hour.
I'm so surprised that there haven't been any religious people jumping on this thread saying this is a fulfillment of prophecy. Global currency sounds nice, but I don't know if it would work. I don't think I understand economics enough to make a stand.
"I'd love for the world to have one Currency, but I don't see it happening for a long time. Americans will fight it hard. I mean, we still haven't given up feet and yards and gallons, and you expect us to change from benjamins to a standard currency? For one thing, O'Reilly will call it a culture war, and we know thats a death threat in middle america."America will change their tune when the Dollar is worth less than the Ruble.
The disparity between what workers are paid in the US and what they're paid in China isn't sustainable.
"Gunner said:money cant be made unless it is backed by gold... otherwise it isnt money."maybe it would be easier if all our money was made out of gold..."It used to be and guess what happend? We had the great depression; One of the biggest reason nations moved away from the gold standard!"
look it up.
/sarcasm on
Best would be if every nation would close up their borders to protect their sovereignity. And when some low-life country somewhere in a part of the world I've never heard of doesn't share what my opinion on the way of living is, just f***ing nuke them of the map. I don't need any stupid unification of humanity as long as I have everything I need. F*** those hippies who think that identification as a human being is enough. They sure don't come from MY country because MY country is the f***ing best there is.
/sarcasm off
I am not opposed to it. I think there would have to be tremendous thinking and planning regarding it though. But, I think it could work (in theory anyway.)
Sci-Fi may have planets as we have countries now... but some day, that will come a reality. A global currency is a step in that direction.
"cspiffo said:That's not even close to true. Money use to be backed buy gold and Silver. It no longer is. It's based on market values. At the end of the day money is only as good as a countries credit rating."Gunner said:money cant be made unless it is backed by gold... otherwise it isnt money. look it up. ""maybe it would be easier if all our money was made out of gold..."It used to be and guess what happend? We had the great depression; One of the biggest reason nations moved away from the gold standard!"
"Well the impact of that would be insane. Could you imagine what would happen if you had to pay a factory worker in Honduras the same wage as a factory worker in the US or Europe? Or visa versa. You would have riots and strikes over wage equalization in developing countries. It could be chaotic and cause corporations to lose the cheap manufacturing work force in those developing nations. On the other hand, outsourcing labor would be obsolete and the entire world could have the opportunity to have the same standard of living. Any way, if that ever happens, the nation state concept wont last long after."Hmm, but in 50-100 years wouldn't it be sorted out by then? Sounds like it's for the better.
"Gunner said:dumbest post i've seen in months, thanks!"maybe it would be easier if all our money was made out of gold..."It used to be and guess what happend? We had the great depression; One of the biggest reason nations moved away from the gold standard!"
"Gunner said:Money is a medium of exchange, that's all. Cigarettes were a legitimate money in WWII POW camps. It's whatever acts as the medium of exchange."cspiffo said:That's not even close to true. Money use to be backed buy gold and Silver. It no longer is. It's based on market values. At the end of the day money is only as good as a countries credit rating.""Gunner said:money cant be made unless it is backed by gold... otherwise it isnt money. look it up. ""maybe it would be easier if all our money was made out of gold..."It used to be and guess what happend? We had the great depression; One of the biggest reason nations moved away from the gold standard!"
"Cigarettes as currency is a commodity-based currency, you contradict your point by making that argument with that example.Cigarettes confer value more directly than paper-with-ink-already-on-it does."What? How did I contradict myself? Money is a medium of exchange, do you disagree? It doesn't matter what it's based on. Our current dollar is money, because it is what we use as a medium of exchange. Gold was money back in the day, because it's what we used as a medium of exchange.
I don't care what it's based on. Fiat or commodity based, it is still money. I didn't try to prove any currency is valid. All I was doing was saying what qualifies as money, which fiat money does.
Please Log In to post.
Log in to comment