Thread: China propozses world currency.

Do not want world currency....never!

Please elaborate, Phrisco.

Originally Posted by Kiza

Please elaborate, Phrisco.

New World Order? Dunno. It just doesn't seem right to have one.

I'm all for it. It would be convenient, if anything.

if anyone is propozsing something you should give them your full attenzion!

I like the idea, beats having 1000 other currencies.

I don't mind either just as long as it's not an electronic only currency.

I can also see a number of well known conspiracy theorists saying "I told you so! buy my new book and come to my lecture for $500!"

Originally Posted by Man of Shred

I don't mind either just as long as it's not an electronic only currency.

Well I guess I could cope with it, but I can not cope with electronic only currency.

Bye bye exchange rate profit schemes.

i feel like its a little more complex than giving everyone the same stuff and calling it the same value for each amount. inflation and deflation occurs independently within each nation, so even though its the same "currency" it might as well be another one. For example, Ecuador uses US currency but things there are incredibly cheap (for Americans).

Originally Posted by Man of Shred

http://curiouscapitalist.blogs.time....ng-the-dollar/



Discuss.

WARNING! Conspiracy theories approaching...

The idea sounds great on paper, yet it would be too hard to get each nation to give up the value of their currency and move to one. I think each nation should focus only on strengthening the position of their currency, and the US definately should not buy into this scheme. Would there be a World Bank? World Central Bank? We have too many criminal central banks to begin with. How would we decide what amount each nation's currency be worth? And the Fed should not even exist.

Originally Posted by Jeff777

WARNING! Conspiracy theories approaching...

Your laughing at a credible news article? And i did hear them say this on CBC radio this morning.

That's what i mean by bully. You always try to make fun of me, and try to PWN or whatever you call it. Don't have anything better to do? Whats so goddamn important about feeling Superior over someone else? I don't understand why people do this.... Your a fucking asshole BTW.

Originally Posted by Man of Shred

Your laughing at a credible news article? And i did hear them say this on CBC radio this morning.

That's what i mean by bully. You always try to make fun of me, and try to PWN or whatever you call it. Don't have anything better to do? Whats so goddamn important about feeling Superior over someone else? I don't understand why people do this.... Your a fucking asshole BTW.

Lmao!!!

Oh and for the record, you can't and won't find a single post in which I have made fun of you, because it's all in your head. Surely you must hear that a lot.

Originally Posted by Man of Shred

Your laughing at a credible news article? And i did hear them say this on CBC radio this morning.

That's what i mean by bully. You always try to make fun of me, and try to PWN or whatever you call it. Don't have anything better to do? Whats so goddamn important about feeling Superior over someone else? I don't understand why people do this.... Your a fucking asshole BTW.

Shred, he was not saying anything against you. Either what you just said was a joke, or you are insanely easily offended. He was just saying, conspiracy theorists will latch on to this. There was no reason to be offended.

Originally Posted by Kiza

Shred, he was not saying anything against you. Either what you just said was a joke, or you are insanely easily offended. He was just saying, conspiracy theorists will latch on to this. There was no reason to be offended.

Fine. But he does go out of his way to PWN me every other post. And he basically said the same thing i said in an above post now that i think about it.

I'm not trying to deviate from your topic so this will be my last post that's not related to your main topic.

Originally Posted by Man of Shred

Fine. But he does go out of his way to PWN me every other post. And he basically said the same thing i said in an above post now that i think about it.

Prove it. Go find a post which exemplifies what you're basing such a ridiculous claim off of. Dude...I don't know you, nor do I run into you on the boards all the time or even some of the time.

k Jeff I'm sorry for calling you an A** I was out of line. I misunderstood.

There was a couple times in senseless that I remember. and i was pretty upset when you made fun of my spelling of scientists as "Scientits". And since then I've avoided you, and that's why you don't Bump into me often.

Fucking commies!

I fail to see how this would reduce the risk of future crises. I mean think about it, this crisis was brought about primarily due to the poorly managed sub prime mortgage market and the financial markets trading mortgage-backed securities. When the bubble burst and there's literally no room for gowth, the downturn in the economy began. The banks took the individual mortgages, packaged and sold as a security, then bought and sold to investors worldwide.

When the house prices started to decline and subprime mortgage defaults climb, investors around the world experienced liquidity problems. They were forced to seek short-term loans at other financial institutions; however, the subsequent failure of repayment of these loans led to a widespread loss of confidence. Giant financial and investment companies went bankrupt, stock markets slumped and consequently aggregate demand in the world was reduced, and thus we're in the shit LOL.

Each government measures inflation/deflation and manages their interest rates differently and the value of produce for each country is different. It's like the Euro for example, in prinicipal it's a good idea, however, you buy a beer in Spain and one in Slovakia, it's going to cost differing amounts. The only thing bringing a woldwide currency would do is remove tradable futures/options on currency exchange, and create the need for a central world bank (I'm sure America would love this idea, if they were in control).

Just don't think it would ever be acceptable to every nation, and implementation and management of such an idea would be chaos.

Still, if it was all pounds and pence I wouldn't complain

Originally Posted by Marvo

POR QUE!?

Originally Posted by Marvo

I would burn that.

Our currency doesn't need to be plastered with human faces.