Discussions
Global currency
Posted by richpartha • 10/06/09 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: Currency, dinar, dollar, euro, global currency, indian rupee, money, riyadh, swiss bank, world bank
Are you expecting global currency which is common for all countries? if it is so what would happen? & what do you feel and what are the changes will happen?
User Comments
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The global currency is gold-
Marcus: Thanks for your feedback
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did you know gold is always increasing in value? and money while there is a yearly bonus rate, you must take note that there is also an inflation rate that reduce the value of your money every year? you will need a money value of +4% grow every year or else, that +3% or +2% is actually a -2%, -3% or not growing 4%.
So your 200thousand now is actually not 200thousand in the future as your good morning dinner demand more money than it is in the current day. So be smart, buy your gold now. But makesure you buy it from the right sources. So many gold scam out there now. -
not its not,,,long time ago.
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Yes, eventually there will be a global currency and honestly I am not in favor of it. The next step is lining us up like cattle to microchip us and then it is off to the slaughterhouse.
Of course if they put me in charge of the One World Order human cattle/banking empire then I'm all for it.-
Hi there(offendedblogger) - thanks for your feedback
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hi offendedblogger - thanks for your feedback
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if all of the country will only use one currency (dollar for example) these country will experience GLOBAL RECESSION when US will be hit by it.-
Hi kogarasumaro - thanks for your feedback
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sex is the global currency-
I agree!! -
Nice joke :-)
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I am not joking!
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Because currencies are the creation of political entities, a global currency would require a global government of some kind, which I cannot see happening anytime in the foreseeable future.
Even the dollar, once hegemonic in much world trade, is slipping. www.blogcatalog.com/politics/discuss/entry/the-demise-of-the-us-dollar-
Lete bring back the barter system.
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Hi readers,
Thanks for your support as am getting good feedback from all of you and expecting the same from you too... -
Hi all, I am expecting comments from some of you today...
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If this moves us toward 1 world, then 1. it's inevitable in long term 2. m all 4 it-
Hi Crazytsu - Thanks for your feedback
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I just hope it's in cookies, because I'll be rich. I can pump out cookies like a machine.-
Hi Trailofpen - thanks for your feedback
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Even if it comes to a global currency it would still be worthless.-
Hi centric studios - thanks for your feedback
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You can't have a global currency without a global government. And that won't happen in a million years.-
Hi mikeny07 - thanks for your feedback... need to think on your views too...
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Money is a universal language, its how we communicate with each other. If global currency is created this will draw boundaries between countries because they will no longer have the freedom to abide by there own government system, everyone would be under 1 government and don't see this happening at all.-
Hi newblogogul - your views also right and its very difficult to form a 1 government to manager across the world
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I agree that a global currency could cause problems for nation-states but unfortunately the reality is that many political and financial leaders from around the world have actually made calls for a global currency and even a global reserve bank.
Here's an example from bloomberg:
www.bloomberg.com/apps/news?pid=20601068&sid=aSp9VoPeHquI
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Thanks for your feedback -
One World Government-
Hi acousticguitarist - thanks for your feedback
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Global Currency can be Mac Burger. If you check price of a Mac Burger in different countries and convert it to one currency (say USD) you would get pretty much the same value.
LOL. But I am not kidding.-
Hi sjay - thanks for your feedback
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Whose picture will be on it?-
hi Halconite - thanks for your feedback and it's my photo
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Not in the immediate future. Don't thank me for my feedback.-
Thank you (in behalf of richpartha) ...
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I don't know about a global currency but recently it was reveaaled that 'Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar'
www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.h...
Where there's one 'unified currency' there could be more?-
The basket of currency idea could basically turn into a global currency. Apparently there were discussions in the recent G-20 that SDRs (Special Drawing Rights) could become the new global reserve currency. SDRs are an already existing basket of currencies that the IMF uses as a means of international payments between countries.
There is a post that explains this idea here (not my blog): georgewashington2.blogspot.com/2009/10/will-basket-of-currencies-replace.ht... -
Interesting, I'd never heard of SDR's before.
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Global currency means a kill for our stock market including forex, as there will be no more fly differences in the value of our money between region/country. Money trade will be over. Americans then will never feel richer when they travel their vacation to eg: philippines, borneo, indonesia, thailand, russia and more.
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Inflation rate will be decreased or can be assumed we are then able to dream of near zero inflation for certain products. However same money for the world means there is an increase chance to fake it without being detected because now everybody can make/print it here but use it elsewhere/globally. People from any country will feel the less pain as their hard work earning will likely to be valued as is, anywhere in the world (except for expensive spot eg: Hongkong). Also, when there is a disaster or whatever, now the poorer/developing countries may able to give their hands as their money is now worth the same.-
Hi softwareGal - thanks for your informative feedback... pls do visit my blog at infofeeds.blogspot.com as i need your suggestion in other posts too. your comments will help for me to visualization.
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To SoftwareGal. As far as I can tell the global currency that is seriously being discussed is a basket of currencies traded on a global index rather than a singular unit of currency. In this way you will still have local 'versions' of the global currency that are relative to each other on this index. These local 'versions' will still differ in value to each other, but they will all be pegged to a global index such as SDRs, which will be managed by a global central bank that issues money globally. Everyone in the 3rd world will still get ripped off for their labour etc. it just means that banking power will have centralized as there will be a global central bank issuing money rather than national central banks doing it.
That's how I read the news reports, but who knows what will happen.
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dears, thanks for your all feedback on my discussion and i didn't expect such a good response on this topic as this is my first topic in blog catalog. Am expecting the same support from all other friends in BC. Am getting updates news on global currency from across the world and its good updates for me too... cheers...
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yes, in the future only the Global Denaros will be used, equivalent to the mexican currency, worthless.
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thanks for your feedback
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Any update?
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comments pls...
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In the sense the US dollar already acts as a global currency. I've spent dollars directly in places as diverse as Cambodia and Panama. Most members of the European Union-with the major exception of my own country-use the Euro.
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