Alarms and sirens are going off in my head with this idea. I'm not in favor of it. If there is another meltdown, I think it could be far more catastrophic than this last one, despite arguments to the contrary. Doesn't add up. So to speak.
There cannot be and should not be a single world currency. Every country has its own resources and money power. It is enough if the exchange ratio between currencies are avoided. One unit of a currency should be equal to one unit of another currency. The present exchange ratio helps only to magnify the power of one country and downgrade another country. It is unjustifiably in favour of some countries.
(Around 50 Japanese Yen is equal to one Indian Rupee; Around 50 Indian Rupees are equal to one US dollar.)
Should Japan be so low-rated and should US be so high-rated?
Definitely an eventuality and we are probably not ready for it, but it would put an end to the kind of speculation that has been ruining one national economy after another ever since the mid-seventies when Nixon abolished the Bretton Woods system. But much more research must be done before we can even consider doing such a thing.
As long as it's linked to a value standard, it could just be a better way to go - just my take! It will mean that no one country can print unlimited currency without having it grounded with say, a gold standard.
Of course we're already flirting with this here in Europe, with the Euro. Britain has hung back from joining the club so far, but I think that we're likely to follow the crowd eventually. I'm not too sure how I feel about it. We've friends in Ireland where they already have the Euro, and they say that prices have soared since they've had it. Prices probably would have soared anyway because of the economic climate, but our friends wish they had the punt back.
well I hope it's not green and plain. And as long as the pope's face isn't on it there's plenty of scope for creativity! So many nice looking currencies out there. US is hooked on the term greenback - get flexible and step outside the square. US currency is plain and ugly.
It's inevitable. No nation should control all the money. All dollars are counted up as USA dollars. After the last year of loss to the whole worlds economy they will change things and it may just be that there will be no money, coinage or anything tangible. All commerce will be done electronically. I suppose there would be a hell of a fight as to what slogans or pictures would grace any world dollar or coin. It is coming and I suppose it may be a good thing. But just who will be in control?
Yeah C.C., do you honestly think that this is a viable option. As for myself, I just don't see it. The first problem with the idea, that I can foretell would be the fact that America is too conceited to let someone else design it's currency. I mean seriously, all the blazing fruit-loops would want too many "Christian" relics printed on the damn stuff. Therefore, I cannot see how the "global" would ever stand a chance in the first place.
It wouldn't matter what the Americans think, they and everyone else would keep their currency. What would happen is that the world's reserve currency would be in the hands of the UN and not in the Fed's hands. Not that it would matter in the long run, a fiat currency is a fiat currency. Sooner or later they would be tempted to inflate the currency and we'd see the problem with the Globals that we see with the dollar today.
The only real "one world currency" is the currency that has been around for thousands of years, gold. You can't print more of it, so you'd not see the increase in prices and lowering of the standard of living you see with paper money.
Ah, it's okay. I've seemed to spiked someone's neck hairs in another thread...busy taking attacks in that one! ha ha ha Frankly, I think it's an alter ego that I'm taking the attacks from. Any ideas on how to determine if it is an alter ego???
This topic & so many others out there about changing things that aren't broke, but keeping things that are the same. Makes my eyes glaze over. Leave it alone & start worrying about something more important. Like outlawing underwater basket weaving or something along those lines. Why mess with our currency? (No offense to any under water basket weavers out there. I feel your pain.)
Because he who controls the money, controls well just about everything. It would be better to have a freely circulating money, whatever that would be. It's no accident that the most productive time in the history of the world and the time in which the standard of living increased the most was during the gold standard years after the final defeat of Napoleon and ran until the outbreak of World War I.
I feel that the one world currency is just another insult to Americans. I feel it is the UN's way of slapping us in the face. I'm so sick and tired of the UN being so anti-American, when all we do is support their policing actions, supply food and medience to the rest of the world, and be their number one supporter. I think it is about damn time that we dismiss our UN status, and see how far they will get with out us! Down with the UN!!!
I don't think what we wear will be dictated but as far as a world religion I believe this will happen. But it is not the religion most think of, muslim, christianity, etc. It will be the religion of "self" I think. Which we see already everywhere around the world
That's the ultimate religion. Self as in Atman of the hindu tradition - the ultimate in centerdness. Perhaps you are getting confused with self as in self serving. We must be careful of using words, they get misrepresented.
If you wish to use "self" in religious context, please understand other spiritual traditions first.
Millions of Americans are mad over bailouts, unemployment, corporate greed and the list goes on. A Iraq veteran is hurt and he defended our Country. How do you feel about the direction the States are taking?...
With the US dollar at real risk of collapse, through the failure of repeated governments to curtail spending and with deficits up to $1 trillion annually, and the other major global reserve currency also at risk of...
you don't any world currency to become successful in any country in the world, the only currency you need is: FAITH. Take a man of FAITH to any part of the world empty handed, he will make it prosperous. what do you...
With the advent of Trump (who is not liked internationally) and the renewal of the Reserve Currency coming up in 2020, will the world choose another reserve currency? The USA has held the reserve currency (the currency...