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Reply to: Proposals for a "world" currency
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Previously on "Proposals for a "world" currency"
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Go back to good old fashioned "Gold" as our money. Use real commodities. No fake wealth generation "from thin air".... Thats the way forward....
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Originally posted by ace00 View PostActually we already have a World currency, it's called the Dollar ($).
Just China stirring it.
That said, we will not see a real world currency in our life time, would say good 100+ years until circumstances (read politics) are somewhat right for such a currency for international transactions and probably another 100 years before we would see man on street using it
And my bet is/when it happens it will be called "credit"
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Originally posted by PM-Junkie View PostIt's economic news. In CUK terms therefore, it is by definition bad for the UK.
Actually this isn't news. China has been trying to reduce its reliance on the dollar for months. And it isn't the only country tying to do that.
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Originally posted by Doggy Styles View PostWhat does that mean for the UK?
Actually this isn't news. China has been trying to reduce its reliance on the dollar for months. And it isn't the only country tying to do that.
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http://www.businessweek.com/ap/finan.../D97906R00.htm
Doomed.
Edit : From Saturday
http://www.chinadaily.com.cn/china/2...nt_7625684.htmLast edited by suityou01; 31 March 2009, 14:04.
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Actually we already have a World currency, it's called the Dollar ($).
Just China stirring it.
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Originally posted by suityou01 View PostHeard the auctioning of guilts has failed.
reality bomb ticking.
"OI GORDON - STOPPPPPPP!! YOU DON'T KNOW WHAT YOU'RE DOING!!!!".
Not exactly likely to fill people with confidence is it?
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Originally posted by suityou01 View PostHeard the auctioning of guilts has failed.
reality bomb ticking.
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Gordon Brown, prime minister of the United Kingdom and a fiscally minded leader, stated, “As some want, we could close our markets—for capital, financial services, trade and for labour—and therefore reduce the risks of globalization…But that would reduce global growth, deny us the benefits of global trade and confine millions to global poverty.”
“Or we could view the threats and challenges we face today as the difficult birth-pangs of a new global order—and our task now as nothing less than making the transition through a new internationalism to the benefits of an expanding global society—not muddling through as pessimists but making the necessary adjustment to a better future and setting the new rules for this new global order”
(BBC).
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