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Replacing Reserve Currency talks again...

viiiviiiviiiviii Member Posts: 174

www.bloomberg.com/apps/news

 

Let us hope it's not a One World Currency

Comments

  • kazmokazmo Member Posts: 715

    This was considered a "Crazy Conspiracy Theory" only a few years ago..

    The Amero, the North American Union (NAU).. etc. This was all a "tinfoil hat stfu" conspiracy theory.



    Now here we are.

  • ScalebaneScalebane Member UncommonPosts: 1,883

    I actually figured this one could happen, and didn't write it off like other things i have read.

    image

    "The great thing about human language is that it prevents us from sticking to the matter at hand."
    - Lewis Thomas

  • viiiviiiviiiviii Member Posts: 174
    Originally posted by aeroplane22


    This was considered a "Crazy Conspiracy Theory" only a few years ago..
    The Amero, the North American Union (NAU).. etc. This was all a "tinfoil hat stfu" conspiracy theory.



    Now here we are.



     

    Amazing is it not?

    Don't you love when friends and famiy that thought you were crazy come back and ask you questions?

    I sense years of preperation is going to pay off in the very near future.

  • kazmokazmo Member Posts: 715

    I was talking about this with my folks/friends quite a while ago. I don't care to feel like I'm more "in-the-know" or what have you. Just saying, it's amazing how the wheels turn in the world. Even though a story like this is being covered by media outlets right now, you could still go to people, explain it, and they would trash you.

    Anything that goes a little beyond the normal spectrum of things is quickly dismissed and considered far too incredible. I suppose the only thing left to theorize about with the alternative currency is whether or not the economic downturn was planned to some degree in order to make people desparate enough to accept something as fantastic as global unions, global currencies and massive government job influx

  • viiiviiiviiiviii Member Posts: 174
    Originally posted by aeroplane22


    I was talking about this with my folks/friends quite a while ago. I don't care to feel like I'm more "in-the-know" or what have you. Just saying, it's amazing how the wheels turn in the world. Even though a story like this is being covered by media outlets right now, you could still go to people, explain it, and they would trash you.
    Anything that goes a little beyond the normal spectrum of things is quickly dismissed and considered far too incredible. I suppose the only thing left to theorize about with the alternative currency is whether or not the economic downturn was planned to make people desparate enough to accept something as fantastic as global unions and global currencies.



     

    Well, most people don't understand what these things mean. On the other hand, other people see it, but ignore it because they know that they would have to take action. Well sooner or later, people are going to face these problems, they'll have no choice in the matter. Unfortunately, the longer we all wait, the harder it's going to be on people.

  • baffbaff Member Posts: 9,457

    The U.S. dollar is the reserve currency of the world. It's not the only currency the world uses as a reserve currency but it the the most commonly held one.

    Which means a lot of peoples saving from around the world are invested in American banks. American banks are then able to lend those savings out for profit and to whoever they choose, including the American people.

    Any change in this circumstance does not benefit the American people. Nor does it benefit American investors. Neither does it benefit American banks.

     

    China currently has it's currency pegged to the Dollar so that America cannot deflate it's economy in order to avoid complete repayment.

    But America is printing money, which has the same effect.

    It's pretty natural that such countries will be looking for other more stable places to bank their money, the question is, are there any?

     

     

     

     

     

     

  • TealaTeala Member RarePosts: 7,627

    You know, any more I just don't care.   I just wish to be left the frak alone to live my life.  I am so sick of religious zealots and governments.   All they do is muck things up.   God someone develop a faster than light drive that can get us the frak off this rock so we can go some place far away from this place.

    Surely there is a place free from idiots and stupid people.

  • SabiancymSabiancym Member UncommonPosts: 3,150

    I'm fine with it.  Won't happen anytime soon though.

     

    Make a global currency.

  • declaredemerdeclaredemer Member Posts: 2,698

    I read about this in the Wall Street Journal the other day.  

     

     

    I was going to make a post about it - but then I figured, why bother? 

     

     

    Most regular, ordinary (sometimes called "little" or "middle" people) do not understand, and probably never will, that the collapse of their currency means the collapse of THEIR standard-of-living.  I care.  But I do not care enough about it.  The European Central Bank has engaged in sounder money practices.  The world will simply demand more Euros than the dollar.  This includes ME.  I have ZERO --and I mean ZERO-- control over monetary policy.  It used to be the reponsibility of the Congress.  Today it is NOT.  No one controls monetary policy in the USA except for bankers.  

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