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What happens if all currencies are priced 1:1 ratio?
US Dollars
JP Yen
Yuan
Euros
Pound
MXN Pesos
That makes no sense. For instance if 1 Yen = 1 USD, suddenly it becomes immensely easier for Japan to buy stuff from us. The balance of trade would go haywire. The markets need to determine and adjust for relative currency values.
A more sensible way to do this would be if all countries used the same currency. And that has less than no chance today.
That makes no sense. For instance if 1 Yen = 1 USD, suddenly it becomes immensely easier for Japan to buy stuff from us. The balance of trade would go haywire. The markets need to determine and adjust for relative currency values.
A more sensible way to do this would be if all countries used the same currency. And that has less than no chance today.
It doesn't really. Lots of countries peg their currencies.
What happens is it limits that countries ability to manipulate currency. Hong Kong, for example, pegs to the USD. It's not at a 1:1 ratio, but if they wanted to do that it would just be a matter of inconvenience. They'd have to recall all the existing HK dollars and issue new currency or do some form of gradually phasing them out with a HK1 (old) dollar being exchangeable with the HK2 (new dollar) at a 7.75:1 ratio. Aside from that period of confusion where everyone is used to old dollar pricing (bread used to cost about $18 and now it costs $2.50, does that mean I'm paying more or less -- basically until you adjust you have to carry a calculator everywhere as you have no mental conception of what normal pricing is any longer) there wouldn't be any difference though. Doesn't matter if the HK dollar is pegged at 1:1 or 7.75:1. Pegged is pegged.
What really matters is giving up that monetary control. Some countries will do it. E.g., the adopt the Euro or peg to the Euro. But the US is not going to peg to the Euro and they're not going to peg the Euro to the USD.
Making every currency at 1:1 is like every country using the same currency, just calling it by their own name.
A single global currency is a distant possibility, but every country would at first have to buy in using their relative valued sovereign currency in exchange for the global one.
A single cashless world currency is one of the ultimate goals of the globalists. They want it not because it's a benefit to the majority of the world's people, but because once systems are standardized, it's much easier to centralize decision making (i.e. power), in a few hands.
A single cashless world currency means everything everyone does is tracked and monitored--more control for a few. Don't be seduced by any of the benefits of convenience or whatever else they'll say to us. Any benefits will be fleeting and small compared to what it will do for the .00001% global elite.
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