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  • March 27, 2009 at 4:50 PM #374526
    Diego Mamani
    Participant

    [quote=esmith]Economists will fight tooth and nail against any global currency.[/quote]

    Why? I’m an economist (not tied to the banking or real estate sectors) and I feel no desire to fight something that makes no sense to begin with.

    BGinRB: You’re one of the few grownups in this thread! Thank you for educating the younger, more passionate Piggs, who apparently envisioned the end of national currencies. More than a unit for global trade, what is being discussed is a ‘currency’ that can be used by countries to be held as foreign reserves. (Wasn’t the SDR created for this very purpose decades ago? It just never became as ubiquitous as the greenback).

    Arraya: Thank you for sharing the very lucid atimes.com article. I’ll read the rest of it.

    March 28, 2009 at 11:20 AM #374090
    patb
    Participant

    [quote=BGinRB]

    Instead of having one barrel of oil valued at $US52 we will have a barrel of oil valued at WCU33, where WCU (World Currency Unit) is a function of several currencies. The idea is to limit the ability of the US to tax world wide populous at will.

    [/quote]

    didn’t they do that back in the 70’s?
    heck wasnt that the basis for creating the Euro?

    March 28, 2009 at 11:20 AM #374373
    patb
    Participant

    [quote=BGinRB]

    Instead of having one barrel of oil valued at $US52 we will have a barrel of oil valued at WCU33, where WCU (World Currency Unit) is a function of several currencies. The idea is to limit the ability of the US to tax world wide populous at will.

    [/quote]

    didn’t they do that back in the 70’s?
    heck wasnt that the basis for creating the Euro?

    March 28, 2009 at 11:20 AM #374545
    patb
    Participant

    [quote=BGinRB]

    Instead of having one barrel of oil valued at $US52 we will have a barrel of oil valued at WCU33, where WCU (World Currency Unit) is a function of several currencies. The idea is to limit the ability of the US to tax world wide populous at will.

    [/quote]

    didn’t they do that back in the 70’s?
    heck wasnt that the basis for creating the Euro?

    March 28, 2009 at 11:20 AM #374589
    patb
    Participant

    [quote=BGinRB]

    Instead of having one barrel of oil valued at $US52 we will have a barrel of oil valued at WCU33, where WCU (World Currency Unit) is a function of several currencies. The idea is to limit the ability of the US to tax world wide populous at will.

    [/quote]

    didn’t they do that back in the 70’s?
    heck wasnt that the basis for creating the Euro?

    March 28, 2009 at 11:20 AM #374708
    patb
    Participant

    [quote=BGinRB]

    Instead of having one barrel of oil valued at $US52 we will have a barrel of oil valued at WCU33, where WCU (World Currency Unit) is a function of several currencies. The idea is to limit the ability of the US to tax world wide populous at will.

    [/quote]

    didn’t they do that back in the 70’s?
    heck wasnt that the basis for creating the Euro?

    March 28, 2009 at 3:43 PM #374167
    BGinRB
    Participant

    [quote=patb]
    didn’t they do that back in the 70’s?
    heck wasnt that the basis for creating the Euro?
    [/quote]

    Something like that, right. Euro replaced ECU. Some of the currencies from ECU basket are still around.

    My point is that the basket is not going to replace $US internally.

    March 28, 2009 at 3:43 PM #374448
    BGinRB
    Participant

    [quote=patb]
    didn’t they do that back in the 70’s?
    heck wasnt that the basis for creating the Euro?
    [/quote]

    Something like that, right. Euro replaced ECU. Some of the currencies from ECU basket are still around.

    My point is that the basket is not going to replace $US internally.

    March 28, 2009 at 3:43 PM #374621
    BGinRB
    Participant

    [quote=patb]
    didn’t they do that back in the 70’s?
    heck wasnt that the basis for creating the Euro?
    [/quote]

    Something like that, right. Euro replaced ECU. Some of the currencies from ECU basket are still around.

    My point is that the basket is not going to replace $US internally.

    March 28, 2009 at 3:43 PM #374664
    BGinRB
    Participant

    [quote=patb]
    didn’t they do that back in the 70’s?
    heck wasnt that the basis for creating the Euro?
    [/quote]

    Something like that, right. Euro replaced ECU. Some of the currencies from ECU basket are still around.

    My point is that the basket is not going to replace $US internally.

    March 28, 2009 at 3:43 PM #374785
    BGinRB
    Participant

    [quote=patb]
    didn’t they do that back in the 70’s?
    heck wasnt that the basis for creating the Euro?
    [/quote]

    Something like that, right. Euro replaced ECU. Some of the currencies from ECU basket are still around.

    My point is that the basket is not going to replace $US internally.

    May 12, 2009 at 5:39 AM #396940
    Anonymous
    Guest

    You know this makes me think aout the youtube video i seen where the currnet money form becomes replaced by a more uniform system the would remove a lot of potential crime.

    Check it out :
    http://www.youtube.com/watch?v=DLvTYuh1_JI

    May 12, 2009 at 5:39 AM #397189
    Anonymous
    Guest

    You know this makes me think aout the youtube video i seen where the currnet money form becomes replaced by a more uniform system the would remove a lot of potential crime.

    Check it out :
    http://www.youtube.com/watch?v=DLvTYuh1_JI

    May 12, 2009 at 5:39 AM #397412
    Anonymous
    Guest

    You know this makes me think aout the youtube video i seen where the currnet money form becomes replaced by a more uniform system the would remove a lot of potential crime.

    Check it out :
    http://www.youtube.com/watch?v=DLvTYuh1_JI

    May 12, 2009 at 5:39 AM #397470
    Anonymous
    Guest

    You know this makes me think aout the youtube video i seen where the currnet money form becomes replaced by a more uniform system the would remove a lot of potential crime.

    Check it out :
    http://www.youtube.com/watch?v=DLvTYuh1_JI

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