Forum Post: A World Currency?
Posted 12 years ago on Jan. 30, 2012, 7:33 p.m. EST by Quark
(236)
This content is user submitted and not an official statement
Is the creation of universal world currency a good thing or a bad thing or both depending on who is in charge? I thought it would be good because smaller weaker countries could not be manipulated by more powerful countries since they have the same currency. Countries would be manipulated in other ways like resources etc. Is there a consensus on this matter. Please, enlighten me.
NOOOO!!!! look at the euro, greece and ireland and portugal dragged down europes powerhouses of germany and france. also, NOOOOOOO to the gold standard. the reason we got off of it (along with everyone else) is that the only way to grow the money supply would be to find more gold and that just isn't really possible. there isn't enough gold in the world (value wise) to support even our currency, let alone every one else's. going tot the gold standard would devalue our currency to the point that coke would be costing dozens of dollars. there is roughly 1 trillion dollars in hard currency in the US and 10 trillion worth of currency plus checkings, savings, money market, etc. the current US holdings of gold are valued at around 270 billion. so if you do the math, to convert it all to the gold standard, for every dollar you currently have, you would be entitled to 2.7 cents worth of gold. hows that for depreciation?
Thanks all. I have a lot to think about and read before I can make a serious comment.
It seems one Federation with one currency with one dollar for one world is inevitable and will happen one day.
It reminds me of Star Trek.
MonetizingDiscontent posted this on another thread and it is relevant to this thread as well.
Mayor John F. Hylan of New York Remarks on Big Bankers 1922
From: Amalgamated Sheet Metal Workers' Journal, Volumes 27-28, 1922
http://books.google.com/books?pg=RA3-PA33&id=hz4oAAAAYAAJ#v=onepage&q&f=false
"The little coterie of powerful international bankers virtually run the United, States government for their own selfish purposes. They practically control both parties, write political platforms, make catspaws of party leaders, use leading men of private organizations and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business."
"They connive at centralization of government on the theory that a small group of hand-picked, privately controlled individuals in power can be more easily handled th in a larger group among whom there will most likely be men sincerely interested in public welfare."
The world currency is called poverty.
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"There is a world currency... gold!"
You are correct. World organizations such as the International Monetary Fund (IMF) use gold as a basis for trade between their members. Although the commodities are translated into what they call the "SDR".
Only if it is has gold thread running through it..
Horrible Idea . . . One world currency is exactly what the one thousandth of one percent are striving to bring upon us.
"We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent." - Paul Warburg, Council on Foreign Relations and Architect of the Federal Reserve System: Feb 17, 1950 in an address to the U.S. Senate.
Meyer Amchel Rothschild said: "Let me issue and control a nation's money, and I care not who writes its laws" (1743-1812)
In 1773, Rothschild, formerly Bauer, pulled together 12 other investors to join in his plan to dominate the world. On May 1, 1776 Adam Weishaupt retained by Rothschild's completed their world dominance plan.
After the battle of Waterloo, his son Nathan Mayer in England deceptively crashed the stock exchange and made a fortune. He sponsored George Peabody who's business JP Morgan took over.
The Rothschild's funded Woodrow Wilson's Presidential campaign on condition Wilson pass the Federal Reserve Banking Act. Today the Rothschild's are the primary owners of the Federal Reserve Bank. They control most of the world and through the control of central banks have instigated more wars and horror than any other family throughout history.
President James A. Garfield was inaugurated in 1881, he said "Whoever controls the volume of money in any country is absolute master of all industry and commerce". On July 2, 1881 Garfield was shot, he dies on September 19.
"Who controls money controls the word”. – Henry Kissinger Counsel on Foreign Relations
http://www.libertyforlife.com/banking/federal_reserve_bank.html
Thanks for the reply and the link.
The 99% should control the new world money.
If it is inevitable, we should make sure there are laws to keep it just & fair. I always felt that having another countries currency worth less than others was cause for Big problems. One dollar type would solve this, but it seems no one here agrees but yet it inevitable. Therefore we would need laws for fair distribution of the new one world dollar. If this is a World Revolution isn't this what we want to keep things fair for all?
It is a very bad thing. Putting all of your eggs in one basket is never good.
The world is already close to a "One Word Currency".
It is called the IMF. International Monetary Fund.
They report to have 187 countries as members. Quote: "The United States' State Department recognizes 195 independent countries around the world."
So that would leave 8 countries that are not part of the "one world currency". Here are a few of those that are NOT in: 1) Iran, 2) North Korea, 3) Cuba.
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No. We do not need another currency, we need to go back to the gold standard.
Not speaking here as a nationalist but as a purely rational human being. Putting all your eggs in a basket that has 187 people holding onto it is perhaps not the best idea.
As the Euro has clearly demonstrated, too many cooks spoil the broth.
Is there enough gold to go around for the current and future world population?