posted on Jan, 21 2012 @ 01:59 AM
Originally posted by Jim Scott
A single global currency is impossible....look at what happened to the Euro. We can't get the World to agree on one of anything. The only way it
could begin is with a one-World government....a dictator.
Not happening. Naive statement on his part.
Agree with all that - except the dictator bit - that's not a given - everyone on here is convinced it is of course, bu that's just ATS - not the
It is apparent that currency can only be issued/backed by a sovereign organisation - as Europe is finding out - they will have to do something about
the Euro by way of either abandoning it or having a single issuing organisation, which will then require powers of sovereignty.
And also a call for a single world currency is distinctly AGAINST US big business interests - it is actually an attack on the US financial system
because such a currency would replace the US$ as the world reserve currency.
It would completely prevent, for example, the US isolating Iran;s oil industry by refusing to exchange dollars.
It would also screw up the major currency trading houses - single currency means no trading - think of how much the banks have made in currency
So it is not only naive of the guy suggesting it, it is also naive o say he's in the pocket of US or big business interests!