posted on Jan, 28 2012 @ 03:01 AM
Originally posted by Dimitri Dzengalshlevi
Then create a global standard that all people have access too, but also keep national economies. It's time for humanity to view itself as a world
and there needs to be universal reforms and innovations to make it so, currency being one of them.
It's not about national economies, it's about interest rates. If there was a global currency it would only work for large countries and only if
their economies were in sync. For everyone else, there would be total chaos.
Your idea only works if each country has a local version of this global currency, having regional interest rates, companies only being allowed to
borrow money in the region they are situated in and not being allowed to move out... Ie. pretty much a national currency, except much less business
The only way to have a single global currency is to create a whole new economy not based on interest rates at all. We tried that in the past and have
atleast a thousand years of upturns and recessions to prove that a metal standard wasn't a great idea.
so, again, no thanks!