Thoughts?
This is no accident of course.
This is no accident of course.
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god I hope so. -
Im a zionist IRLComment
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I won't even watch the video. If you think the world can have one currency, you have no clue how the economy works. That goes for all others claiming such non-sense.Comment
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No, it's conspiracy theory
IMF: a new global currency issued by a global central bank
Finally, in principle, a new global currency issued by a global central bank, with robust governance and institutional features, could provide a nominal anchor and risk-free asset for the system independent of national currencies. This global central bank could also serve as a lender of last resort. But any such step requires considerably more debate on its merits, including on the need for a safety valve for the system given errors that might inevitably occur, as well as of its feasibility, given the very substantial multilateral effort required. I fear we are still very far from that level of global collaboration.
http://www.imf.org/external/np/speeches/2010/051110.htmLast edited by onwebcam; 05-14-2010, 01:03 AM.PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF.....
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No...we are not.When you're running down my country hoss...you're walking on the fighting side of me!
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Good answer! There are too many nations being too proud to gve up their own currency, and most importantly - there are many countries that have mch to gain from having their own currency. What might happen though is that many more international deal might be priced in a different currency than it is today. Of all the business contracts I see and deal with, there are a few in Euros, especially between two companies based in Euro-member-countries. But the absolute vast majority, clearly above 70% of all deal I oversee, negotiate or handle are in US Dollars.
Due to the instability of the dollar lately, more and more clients need to insure their dollar trades, so that they are certain that they will earn from this or that contract. Those currency insurances can be very expensive, eating heavily into their margins, and lately clients have been walking away from deals because the level of uncertainty of the whole deal is so hard to estimate or calculate, or maybe even that they make a guaranteed loss due to heavy currency insurance fees.
Lately I have done deal in both Hong Kong dollars as well as Australian and Canadian dollars with clients who previously did them in USD. That is what might change more and more, a true international currency for all nations? Not likely to happen in my life time, too many have too much to loose from that.----------------------------------------------------------------------------------
The truth is not affected by the beliefs, or doubts, of the majority.Comment
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Can't see a one world currency happening. No one country/culture ever ends up totally controlling the whole world before another takes over as the biggest.↑ see post ↑
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Like China and Russia would join in... Yeah Right!!!!Comment
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why do certain people feel the need to fill the board with kind of crap?you don't know you're wearing a leash if you sit by the peg all day..Comment
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One currency? Hell, I don't see the Euro lasting more than 10 more years, max.
It just won't work. In order for a country to keep problems with their economy in check, they need to be able to devalue their currency in order to make their exports cheaper. Look at what is happening to Greece and Portugal. I personally predict that Germany will pull out of the EMU within 6 years.
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.Michael Sperber / Acella Financial LLC/ Online Payment Processing
[email protected] / http://Acellafinancial.com/
ICQ 177961090 / Tel +1 909 NET BILL / Skype msperberComment
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It would make so much more sense for the average person and take so much power away from the banks and govt that it will never happen.Comment
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Not in our lifetime...Looking for Opportunity!
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Here is the link
http://www.telegraph.co.uk/finance/c...is-pocket.html
But I doubt it will ever happen...because...Last edited by maxjohan; 05-14-2010, 05:34 AM.Comment
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ATM where you can withdraw in gold:
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A devaluation is only a trick. By devaluing your own currency, you are basically just shoving the shit elsewhere, onto another country or region. Many countries in Europe have a long and dreaded history of devaluing their own currency, riding the inflation wave a few years and then devalue again.
This was a large reason to create the Euro in the first place, to avoid unfair competition among the Euro countries. Productivity within the EU zone is very different, from highly specialized and developed Germany and Sweden for example, to low productivity and miserable Spain, Portugal and Greece. The, usually southern, EU countries lagging behind will need to increase productivity, quality of work and try to keep up with their much richer brothers in the north. What has happened has been that they have tried to maintain the same lifestyle and spending level in those low productivity countries as the richer, more productive northern countries, which also have a lot lower level of corruption.
The Euro is a good idea, of bringing a continent, with a history full of wars, closer together. Instead of fighting Europe now trades. But people, like the Greece, don't like to hear that they are slow, under-educated and low performing, they feel that since "they are equal Europeans" they also have the right to a certain standard of life, which they, in all honesty, can not afford. We will see many more of these fights over money and economics, but in the end the Euro will stay and the non-conforming countries will need to step it up, do the reforms and start keeping a budget diciplin.
Too much is at stake, Europe has closed the gap and come toghether before and will do so again. This is a major bump in the road, sure, the car jumped high, but it's still on the road, continuing it's way forward.----------------------------------------------------------------------------------
The truth is not affected by the beliefs, or doubts, of the majority.Comment
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Not yet for sure...Comment
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I hope we don´t! The smallest countries would lose so much control of their economies...Comment
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No. To much money is made buying and selling currencies by all banks around the world
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+1 in the 'No' columnComment
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You don't need a common currency to trade, and devaluation is not just a trick, it is a function of the world currency exchange. The fact is that in an open world market, countries whose economies are not productive will have their currencies devalued whether they want them to or not. The only way there is a "trick" is when a country decides to "peg" their currency trading to another countries currency to artificially support their own economy.
In the case of the EMU, that is exactly what all of these diverse markets have done. In effect, they have all "pegged" their currencies to each other, and I think that in the end, it will fall apart.
.Michael Sperber / Acella Financial LLC/ Online Payment Processing
[email protected] / http://Acellafinancial.com/
ICQ 177961090 / Tel +1 909 NET BILL / Skype msperberComment
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Hi demon where you been my jewish friend, I actually was missing our pointless conversations.
I also think if you would have told a european 100 years ago that there would be one european currency, they would react the same....
I'm not saying it will happen, but I will say that I think that is the plan. Its far from a "conspiracy theory" as you people like to say.Comment
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I don't know exactly how economies work, but I know that Fiat money is a sham and is doomed to fail.
I do know that the fed is not a part of the us government and is not regulated by congress.
I do know that the american taxpayer is also bailing out greece through the IMF, (well not greece but the banks that loaned greece the money)Comment
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