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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.
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.
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.
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.
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.
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