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Now with crypto currency you can trade in any currency there are no central banks and you can raise capital outside the system and this scares the hell out of the powers that be as the new world currency might be one they don't control.
originally posted by: combatmaster
a reply to: Profusion
The only thing Greece has proven is that Siesta's dont have a place in a modern slavery.
originally posted by: Profusion
I think we've all heard the conspiracy theories from Christians about a coming "one world currency." I believe that Greece has proven that it cannot work for one prime reason:
Modern governments must have the ability to devalue their currency when needed to make modern economics work.
originally posted by: tom.farnhill
It can never work whilst the economy is different in each country , take bulgaria for example , their national average wage is around £1000 per year now look at the national average wages of say England or Germany .
before i retired from plastering some six years ago my average yearly wage was around £ 50,000 .
originally posted by: intrptr
I really hope you're right. Been watching this crypto fledgling struggle to life. If its on line, it can be manipulated.
I'm old school. I believer in bartering with locals for our daily needs. That is off line.
originally posted by: crayzeedThey can pay it back in instalments (like the UK and other countries do) but the money men don't want that, they want it back all in one go.
originally posted by: WalterRatlos
a reply to: thill
And when was that first time in a monetary union and what was it called? I am Greek and this is news to me.
originally posted by: Profusion
I think we've all heard the conspiracy theories from Christians about a coming "one world currency." I believe that Greece has proven that it cannot work for one prime reason:
Modern governments must have the ability to devalue their currency when needed to make modern economics work.
In my opinion, the "one world currency" conspiracy theory has been debunked.