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Old 01-24-2018, 07:07 PM
 
24,885 posts, read 11,610,800 times
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Can you imagine using gold and having a asteroid mining business bring a asteroid back to Earth? Suddenly they would drop a few quadrillion in gold back to earth.

Yeah no, gold etc are a horrible idea.
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Old 01-24-2018, 07:33 PM
 
861 posts, read 371,015 times
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Yes, there should be one. For international trade, the world currency is used to settle international trade contracts such as for crude oil futures. What it does is, it unifies the valuations of all goods and services -- coffee worth more than tea, beer worth more than wine ... Currently, US dollar is such currency. US government prints those paper currencies and many countries use them.
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Old 01-24-2018, 08:48 PM
 
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Crypto
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Old 01-24-2018, 09:00 PM
 
9,086 posts, read 3,701,709 times
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Quote:
Originally Posted by ryanms3030 View Post
Crypto
won't get far, it's a money launder dream currency
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Old 01-24-2018, 10:31 PM
 
3,529 posts, read 2,173,975 times
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Quote:
Originally Posted by JBAinTexas View Post
Why or why not?
The Euro is a good example of the difficulties of a shared currency without shared political institutions.

For more reading on the topic, look up Optimum Currency Area.

https://en.wikipedia.org/wiki/Optimum_currency_area
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Old 01-24-2018, 11:10 PM
 
Location: Eugene, Oregon
7,098 posts, read 2,210,201 times
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Quote:
Originally Posted by JBAinTexas View Post
Why or why not?

There already is a world currency. It's the American Dollar. Accepted gladly, almost everywhere.
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Old 01-25-2018, 04:37 AM
 
16,493 posts, read 17,525,712 times
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Quote:
Originally Posted by Mircea View Post
It is when so designated.



Diamonds are valuable, only because they are manipulated.
Gold can be manipulated also. In fact pretty much any commodity can be manipulated.
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Old 01-26-2018, 05:51 PM
 
Location: Cebu, Philippines
2,174 posts, read 797,279 times
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Quote:
Originally Posted by MLSFan View Post
won't get far, it's a money launder dream currency
What's wrong with money laundering? Just cuts into the wealth of the oligarchy. There will always be "illegal" activity, and will always be means of exchange of wealth from it. But you can't stop crime just by trying to obstruct the exchange of ill-gotten gains. If you do, the criminals will have already won, by setting the parameters for he exchange of wealth. I use "criminals" in the sense of people who break the oligarchy's self-serving laws.
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Old 01-27-2018, 07:46 PM
 
Location: Silicon Valley
2,755 posts, read 1,211,909 times
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No there should not be a single world currency. Countries must be free to attempt their own economic strategy. Their own currency is part of the package.

The EU will forever be imbalanced as parts like Greece that would normally have a weaker currency by now are up against large exporters like Germany that should have seen spectacular currency appreciation.

Further, whoever got the 1 world currency would have amazing power and no further check and balance.

Vote No on one world currency.
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Old 01-27-2018, 08:38 PM
 
8,285 posts, read 3,456,454 times
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Quote:
Originally Posted by artillery77 View Post
No there should not be a single world currency. Countries must be free to attempt their own economic strategy. Their own currency is part of the package.

The EU will forever be imbalanced as parts like Greece that would normally have a weaker currency by now are up against large exporters like Germany that should have seen spectacular currency appreciation.

Further, whoever got the 1 world currency would have amazing power and no further check and balance.

Vote No on one world currency.
I was going to say gold and South Africa.

https://financesonline.com/top-10pgo...-in-the-world/
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