One Global Currency - coming soon!

[Matt²]

420 banks demand 1-world currency

How long until it's official and we have a one world currency?

Alternatively, how long until it's just easier to copy the single currency globally and it's required that you have a biometric tag implanted in your skin to verify that your money is legitimate?

...and yes, I'm referring to Revelation there..

 

[Covar]

considering our money's value is based on (among other things) the value of other countries' money this is a really shitting idea. Of course it would make the world banks insanely powerful so who can figure out why they would want something like that.

 

[AshburnerX]

It won't happen as long as it's more beneficial for a country to trade in it's own currency (I.E. It's worth more than it's trading partner's) than it would be in a different ones. It's an important trade advantage and it's one of the ways that countries can influence each other without killing each other that actually works.

Besides, how's the Euro working? What's that? Some of it's most important members were exempted from switching over, thus making it almost pointless? That's exactly what is going to happen in any situation that doesn't involve the rest of the world switching to something that doesn't benefit the US, China, or Japan sufficiently...

 

[SpecialKO]

...and yes, I'm referring to Revelation there..

Do you mean Testament?

 

[@Li3n]

Besides, how's the Euro working? What's that? Some of it's most important members were exempted from switching over, thus making it almost pointless?

Wait, who exactly are those some?! As far as i know it's only 1, and those guys see themselves separate from the continent anyway...

And the euro has more problems now because of the less important countries that have switched to it and screwed up their economy by being idiots.

 

[tegid]

Alternatively, how long until it's just easier to copy the single currency globally

Hey, any new currency is going to be harder to copy than the present dollar bills, right?

This move would be only in benefit of the banks and a few countries. Different currencies allow a flexibility in import/export that is good to many countries (China, US, Germany)

---------- Post added at 11:47 AM ---------- Previous post was at 11:46 AM ----------

Besides, how's the Euro working?

Pretty well actually.

 

[Covar]

I have a Greek friend who would beg to differ.

 

[Math242]

As if the Euro was responsible for the most corrupted and dare i say retarded system in all of Europe.

 

[tegid]

While it is true having their own currency would allow certain individual countries some strategies against the economic crisis (For instance, about 20 years ago Spain had a crisis which was solved in part by devaluating our currency), Greece's problems have much more to do with corruption and bad management than with this. Actually, I assume the advantadges of using Euros outweigh these problems. Otherwise, they would have switched back to their own currency or something... What's more, I think richer countries like Germany would love to lose the poorest countries in the EU.

 

[Chibibar]

I can't see it happening. The Chinese would want their currency to be the "main" (They are trying to Asian Pacific currency or something like that)

The only way I can see all the countries actually doing this is when Earth is part of the intergalactic community.

 

[SpecialKO]

I will point that the article in the OP and the article it cites are both from the WorldNetDaily, a crazy conspiracy hub pretending to be a conservative news site.

The IIF press release, as well as the actual policy letter that they mention, says absolutely nothing about a single global currency. The point of the policy letter was to encourage the G20 to agree to a mutually beneficial framework for future moves in the international currency market to avoid currency destabilization in the current global economic environment.

In other words, convincing the US, EU, and China not to short one another's currency as a fiscal policy.

Not a thing about one world currency. Which would make sense, since banks make such a ridiculous boatload of cash by acting as clearance houses for currency traders.

 

[Chibibar]

I will point that the article in the OP and the article it cites are both from the WorldNetDaily, a crazy conspiracy hub pretending to be a conservative news site.

The IIF press release, as well as the actual policy letter that they mention, says absolutely nothing about a single global currency. The point of the policy letter was to encourage the G20 to agree to a mutually beneficial framework for future moves in the international currency market to avoid currency destabilization in the current global economic environment.

In other words, convincing the US, EU, and China not to short one another's currency as a fiscal policy.

Not a thing about one world currency. Which would make sense, since banks make such a ridiculous boatload of cash by acting as clearance houses for currency traders.

oh yea! I forgot about profit. You know that banks don't want to lose that "free money"