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Universal Currency
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<blockquote data-quote="CaryP" data-source="post: 1213" data-attributes="member: 34"><p><strong>Universal Currency</strong></p><p></p><p>A one world currency would be a political and financial disaster. It's had limited benefits in the EU. France and Germany have both been allowed to violate budget deficit rules for the last two years. My bet is that the EU comes apart in the next 10-15 years. When it comes down to it everybody wants their corner of the world to have the best deal, which normally means some other place gets the short end of the stick. The only way a one world currency would work would be to have a one world government, to which I'd be very opposed. The neocons would probably love a one world government so long as they were in control. How would a one world government operate? How are you going to get all the diverse cultures, religions, beliefs and traditions to mesh under a one world govt.? Can you imagine the bureaucracy? An absolute nightmare! The problem with a one world currency would be who would have the authority to "print" new money when somebody decided they needed more for their economy. The idea is nice, but the practicality of it would be a freakin' nightmare. Who would decide what current currencies would be exchanged for in the new one-world currency? With global political tensions as high as they are now, a one-world currency would be an impossibility. The Islamic nations would never go along with. I doubt the Asian economies would go along with it right now as well. Do you really want to share a currency with some of the Latin American economies? I have serious doubts that most European countries would want anything to do with the U.S. being part of their currency. A bit of a rant, but that's my .02.</p><p></p><p>Cary</p></blockquote><p></p>
[QUOTE="CaryP, post: 1213, member: 34"] [b]Universal Currency[/b] A one world currency would be a political and financial disaster. It's had limited benefits in the EU. France and Germany have both been allowed to violate budget deficit rules for the last two years. My bet is that the EU comes apart in the next 10-15 years. When it comes down to it everybody wants their corner of the world to have the best deal, which normally means some other place gets the short end of the stick. The only way a one world currency would work would be to have a one world government, to which I'd be very opposed. The neocons would probably love a one world government so long as they were in control. How would a one world government operate? How are you going to get all the diverse cultures, religions, beliefs and traditions to mesh under a one world govt.? Can you imagine the bureaucracy? An absolute nightmare! The problem with a one world currency would be who would have the authority to "print" new money when somebody decided they needed more for their economy. The idea is nice, but the practicality of it would be a freakin' nightmare. Who would decide what current currencies would be exchanged for in the new one-world currency? With global political tensions as high as they are now, a one-world currency would be an impossibility. The Islamic nations would never go along with. I doubt the Asian economies would go along with it right now as well. Do you really want to share a currency with some of the Latin American economies? I have serious doubts that most European countries would want anything to do with the U.S. being part of their currency. A bit of a rant, but that's my .02. Cary [/QUOTE]
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