Should the Dollar and Euro be combined?

1. 60

   marymootooposted 12 years ago

   Should the Dollar and the Euro be combined to create the new world currency? Making the old currency wortless? It could be called the Doluro!

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2. 60

   paradigmsearchposted 12 years ago

   Heavens, no.
   
   The last thing we want to do is get more financially tangled up with them than we already are.

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   1. 60

      marymootooposted 12 years agoin reply to this

      the doller or the euro

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      IzzyMposted 12 years agoin reply to this

      No no no you don't want anything to do with them dirty Europeans! 

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      1. 60

         marymootooposted 12 years agoin reply to this

         Now now I am one, would you coose sterling instead!

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         paradigmsearchposted 12 years agoin reply to this

         Actually, I am quite fond of you guys. But I think there is going to be an apocalyptic, financial crash and burn in your neck of the woods within 5 to 10 years. And we are already tangled up enough that it will probably throw the U.S. into a major depression as well.

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         1. 60

            marymootooposted 12 years agoin reply to this

            There are 3 rich nations China, India and Germany these are the countries that we borrow from to buy the goods they are selling, I think as far as economics is concerned new bomb shelters are needed, probably buy one from them. 'Is the sun going down on the great western empire'

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            1. 86

               IzzyMposted 12 years agoin reply to this

               Even Google are kow-towing to China. They are probably tied together financially anyway. Oh its OK for the Chinese to steal someone's work and re-post it 600 times, and then I get punished for their theft. Hmmm!

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         2. 86

            IzzyMposted 12 years agoin reply to this

            So do I, and I think it is going to happen sooner than you think.
            
            Living within an area of the European monetary system, I look around and I see politicians (did I mention I hate politicians) spending money they haven't got to spend.
            
            Not on goods or services that are any use to the public, but on things like fountains and flower beds in public areas (formerly parking areas) and new houses for themselves, of course.
            
            An article on the BBC website the other day, mentioned that in the parts of Spain that changed their political allegiance at the last elections, they now find that their councils not only have no money, but that they cannot raise the money to pay public service workers.
            
            In one locality, the entire police force have gone on the sick.
            
            They are not, by law, allowed to strike, but they haven't been paid for 4 months since the elections in May!
            
            While this is sort of thing is true for Spain, Portugal, Greece and God knows where else, the European Community Monetary Fund is still being propped up by productive countries like Germany, and dare I say UK even though they are not part of the monetary system.
            
            It has reached crisis point.

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