posted on Mar, 27 2009 @ 08:57 PM
BofA and Citi are unstable, the only thing that is keeping them up is the money being shoveled out the back door of AIG to them.
If we didn't bail them out they would be non-existent.
Honestly, I don't know what good a new currency is going to accomplish, almost every developed country is on the verge of collapse and switching
money is just asking to complete that collapse.
There is no capital to back the currency, not only that but it would I believe it would be fiat, and there really isn't any confidence to uphold
another fiat currency.
To introduce a new currency it would need the confidence of the people and I believe that most people would not support a new currency, the
governments might say otherwise but on the citizen level I really don't know anybody that would support it. It could have major unintended
Just look at the Euro though it took them years to get the countries they have now to adopt it and then all of Europe still hasn't switched to the
Euro. Just because the government shoves something down our throats doesn't mean people will go along with it. And in the case of a currency they
will need lots of people to back it.