One global currency?

[Puppet]

What about NO currency at all?

Some countries like Greece have started using a bartering system in some communities, but it would never work globally or even nationally.

[Prikk]

We do have one global currency. Its Gold! Values of printed paper money are a representation of the amount of gold that country possesses . Thats why you cant just print money or you will devalue them! You dont want to be carrying around gold dust now.

[ConfusedDolphin]

the reason why a unified currency is a bad idea is that we do not have a unified economy. It simply does not work well when you have a country with a strong economy such as Germany using the same currency as a country with a failing economy such a Greece. 

[Midnight]

We do have one global currency. Its Gold! Values of printed paper money are a representation of the amount of gold that country possesses . Thats why you cant just print money or you will devalue them! You dont want to be carrying around gold dust now.

 

False, no country today uses the gold standard as a basis for currency.

[HEXiT]

global currency would be capitalisms tower of babel... in fact capitalism is its own tower of babel and the base is looking shaky.

[LDX]

Linden Dollars?

[shazzam66]

If only! Would make travelling a lot easier.

[ShearMe]

Money doesn't represent actual commodities, in fact it usually represents debt created by central banks that far exceeds the value of the commodities at their disposal.

 

Welcome to Capitalism,

 

global currency would be capitalisms tower of babel... in fact capitalism is its own tower of babel and the base is looking shaky.

 

Implying the economic system we have today is Capitalism? Wrong.

 

As long as there are governments "regulating" the economy we will never have Capitalism, so stop comparing the current system to it.

[Puppet]

Implying the economic system we have today is Capitalism? Wrong.

As long as there are governments "regulating" the economy we will never have Capitalism, so stop comparing the current system to it.

I said that the monetary system we have today is largely based on a Capitalist philosophy.

And yes many North American and EU countries implement a lot of Capitalist ideas, obviously being purely Capitalist is not what I meant, I don't even see how that could be possible in a democratic country.

[ShearMe]

I said that the monetary system we have today is largely based on a Capitalist philosophy.

 

Which is not true. Centralized banks were never a part of Capitalist philosophy.

[Reuben]

It's when you get odd obscure currencies like yen, or those weird one's where 1,000,000 of them is about £10. Thats when things get silly :  

Check this out, the Zimbabwean 100 trillion dollar bill was only worth about five bucks when it was taken out of circulation.

[Reuben]

Which is not true. Centralized banks were never a part of Capitalist philosophy.

Capitalism basically means that the more money people spend, the better. If a centralized bank encourages spending, wouldn't it be part of a capitalist philosophy?

[Godlygamer23]

Maybe when we move to Mars, and stuff, then we can have a global currency, but until then, let's just stick to what we have. 

Speaking of which, I hope that we're able to go to Mars in 2035. That'd be cool - I tried to apply to go. Couldn't figure it out - the application wasn't in English. <_<

[ShearMe]

Capitalism basically means that the more money people spend, the better. If a centralized bank encourages spending, wouldn't it be part of a capitalist philosophy?

 

Capitalism - An economic system in which a country's trade and industry are controlled by private owners.

 

Amount of spending has nothing to do with defining Capitalism. Centralized banks can occur in a Capitalist economy, but since they are not necessary to define the economy as Capitalism, they have nothing to do with Capitalism.

[Puppet]

Which is not true. Centralized banks were never a part of Capitalist philosophy.

Obviously not, but I am talking about the relationships between the central and the commercial banks which is where most of the problems occur. The centralised banks are partly responsible for these mistakes.

I think it's clear we have differing opinions on who's to blame on this, so let's end it here before we get a thread lock, neither me or you is going to solve the worlds economy problems.

[ShearMe]

Obviously not, but I am talking about the relationships between the central and the commercial banks which is where most of the problems occur.

 

Yes, but those aren't capitalistic relationships, so we can't blame Capitalism for that.  ^_^

[Puppet]

Yes, but those aren't capitalistic relationships, so we can't blame Capitalism for that.  ^_^

They most certainly are as they are involved in a partially Capitalist marketplace, but we are hurtling towards a debate on left and right wing politics here and I don't think that this is the forum for that kind of discussion.

[ShearMe]

They most certainly are as they are involved in a partially Capitalist marketplace, but we are hurtling towards a debate on left and right wing politics here and I don't think that this is the forum for that kind of discussion.

 

A government-backed organization is so anti capitalist that it doesn't matter who interacts with it. When one organization has such a power as the state to influence the market as it wishes, Capitalism simply can't work. If a terrorist blows up an aqueduct, you don't blame the aqueduct for not being built sturdy enough!

 

Though politics is just a myth to distract from the truth, what better place could there be to discuss it than a forum asking opinions about a global currency?  :lol:

[joelthezombie15]

that would destroy the economy and would make the work go to pot

[Rhotis]

I think it would cause havoc for companies trying to offer the best deal if somewhere in another country is doing it cheaper 

 

Make countries compete on what they can bring to the table not how much they can enslave their population.  

[dylandylandylan]

Reminds me of a documentary I watched on the NWO lol, scary stuff. Banks controlling the world, with the politicians as puppets.

[Esivo]

What about NO currency at all?

This would solve all of our problems :)

[ShearMe]

Make countries compete on what they can bring to the table not how much they can enslave their population.  

 

Isn't that the same thing?  :lol:

[ShearMe]

This would solve all of our problems :)

 

How?

[joelthezombie15]

just an all around bad idea. it would be cool if we would work together, im looking at you north korea :p

 

just the current state we are in, it is impossible until we quite separating the countries and all turn into just the planet not each country.it MIGHT work for canada and US if they merged  a little more and became a little "closer"