The G20 moves the world a step closer to a global currency

[HappyTexan]

It's happened to past empires so there's no reason to think it can't happen again.

Creditor nations will have more clout..just like the US did when it took over from Britain who became a debtor nation after WWII and fell from grace.

Fat, happy and complacent and we do nothing to keep ourselves on top..we just assume we'll always be there. Well there are other countries that have their own plans and they are slowing starting to bring it out in public and gaining allies.

[floridasandy]

Originally Posted by floridasandy

i am not so sure that our president does not want to establish a new world order. if you look at his request for funding for the IMF and then at the IMF's home page, where the agenda is clearly displayed, you might be surprised. i think it is interesting that americans are being insulted around the world and then asked to help fund this new world order.

the more research i am doing on the IMF and its socialist president the more i am starting to wonder what is going on with all this money. he has ties to the clinton foundation and interestingly i found a column from 2008 on the donors to the clinton foundation and their ties to the united nations. hmmm......
http://emsnews.wordpress.com/2008/12...ns-donor-list/
misuses of IMF money and investigations can be found back in 1999:
Earlier this year, the IMF and the Russian Central Bank admitted that IMF assistance had been diverted to offshore companies, such as the Finance Investment Management Company (FIMACO), which is controlled by the Russian Central Bank. Senior Russian officials claimed repeatedly that the IMF knew about FIMACO, and other similar arrangements, and did nothing to stop them. 3 There also are reports that World Bank loans were misused or embezzled by Russian officials. One such admission, concerning the Bank's coal industry restructuring loan of $250 million, was made by Viktor Chernomyrdin, who was Prime Minister of Russia and a close ally of Boris Yeltsin at the time.

[gardener34]

Thanks for the comments. I can definitely see this happening - and this country's politicians will usher it in gladly. Why I am not sure.

[MorrisonBonpasse]

The world is moving to a Single Global Currency because it's simply a very, very good idea, and the sooner the better. Such a Single Global Currency will provide what the people of the world want - stable money.
The success of the euro has shown the benefits of monetary union, but the primary problem for the euro and every regional monetary union today is that they must still exist in the multicurrency world where the value of its currency will fluctuate against other currencies.
If 16 countries can use the same currency, why not the 192 U.N. members? Those 192 countries now use 141 currencies and the number is dropping annually. The euro is definitely a harbinger of the future, and soon all 25 EU members will be part of the EMU, and by then, there will be more EU members to add. Several of the remaining non-euro EU members are now seeking admission as soon as possible. The IMF has even urged several EU members to "euroize" even before completing the standard accession process. Someday, the U.K. will join the eurozone, or perhaps with another currency, or wait until joining the anointed Single Global Currency.
In addition to eliminating currency fluctuations, the use of a Single Global Currency would eliminate the current foreign exchange trading expense of $400 billion annually, eliminate currency risk, eliminate current account imbalances, eliminate the need for foreign exchange reserves (now totaling more than $6 trillion); and bring other benefits worth trillions, such as reducing the impact of global financial turmoil such as we are now experiencing.
The Single Global Currency Assn. ([URL="http://www.singleglobalcurrency.org"]www.singleglobalcurrency.org[/URL])
promotes the implementation of a Single Global Currency by 2024, the 80th anniversary of the 1944 conference. That's only 15 years away.
The world is moving toward a Single Global Currency through the creation, expansion and merger of regional monetary unions. Another route is through international monetary conferences proposals and agreements, such as were seen at Bretton Woods. The merger of the eurozone with one or two other currencies is one possible route to a Single Global Currency.
The next major realignment of the world's major currencies should be to a common currency managed by a monetary union central bank. When such a currency supports countries with 40-50% of the world's GDP, that currency will become the defacto Single Global Currency, and the "tipping point" momentum will favor its continued growth, until it supports all the countries of the world.
The challenge now is to reach that goal deliberately, as soon as possible, with as little cost and as few crises as possible. If the eurozone were to merge with the U.S. dollar of the yen, or if the yen and the U.S. dollar were to form a monetary union, the road to a Single
Global Currency would be clear.
The only remaining questions about implementation of a Single Global Currency are: when? and how much cost and turmoil will the world endure before that implementation.
See the book, "The Single Global Currency - Common Cents for the World."
Morrison Bonpasse
Single Global Currency Assn.
Newcastle, Maine, United States

[emilybh]

Originally Posted by floridasandy

i am not so sure that our president does not want to establish a new world order. if you look at his request for funding for the IMF and then at the IMF's home page, where the agenda is clearly displayed, you might be surprised. i think it is interesting that americans are being insulted around the world and then asked to help fund this new world order.

Well after the U.S. investment bankers scammed the world with the stupid (ponzi scheme)consolidated debt obligations (a deriviative of the mortgage backed securities) WHAT DO YOU EXPECT?

BREAKING NEWS: It's past time to take the rose colored glasses OFF! This country is NOT the magnanimous country we've been brainwashed into believing it is. Rather it CAUSED the world wide economic collapse due to greed, corruption and opportunity.

We'd all be FAR better off if Washington would STOP bailing out companies and would STOP spending and would CUT military spending by bringing troops home where they no longer need be (esp[ecially since we can't afford the costs of keeping them abroad to POLICE THE WORLD.

[colleeng47]

Originally Posted by floridasandy

we have made mistakes but clearly so has every other country in the world. i will only agree that it is time for america to stop focusing on other countries and start focusing on its own manufacturing and agricultural capabilities.

If this is the result of the US no longer being a world leader, than I applaud it. It's time we stopped trying to solve everyone else's problems, and forcing our form on government on everyone else. I no longer want to finance other countries when we need sooooo much here at home.

[Jaggy001]

There are a number of benefits to a single currency. For a start it would get rid of the transaction costs that busineses and individuals pay each time they have to use a dfferent currency. It would also prevent individual countries from manipulating their currency by keeping it artificially cheap in order to boost exports.