Re: A world reserve currency?
- From: orangatang1@xxxxxxxxxxxxxx
- Date: Wed, 23 Jan 2008 12:52:11 -0800 (PST)
On 23 Jan, 12:42, orangata...@xxxxxxxxxxxxxx wrote:
On 22 Jan, 23:49, "pgreenfinch" <pgreenpasdespamfi...@xxxxxxxxx>
wrote:
The near bankrupcy of the US dollar, a currency in
which the world is losing trust, after two decades
of mismanagement for political reasons (the independence
of the Fed is more a legend than a reality), shows
the need for a world reserve currency.
The euro cannot meet this role alone. Gold is a
candidate but it has more drawbacks than advantages:
its quantity cannot be adjusted to the evolutions
of needs in a fast changing world.
Therefore that world reserve currency has to be "man made"
and be issued for example by the IMF. But would such a
reserve currency issued by the IMF, as an evolution of its
special drawing rights, inspire trust to the national
(and regional, the case of the ecb) central banks to use
it in their reserves ?
The world should advance to some unity and common governance
to contribute to such trust.
A world reserve currency would be a step towards a federated
world, but it should be completed by other initiatives
going in the same direction.
Our planet is too small to stay divided. Even monetarily.
http://groups.yahoo.com/group/Democratic_globalization/
or as hitler put it
"ein volk! ein riech! ein fuhrer!"
and what about of those of us who don't want to be a part of your
fourth reich? do you have a final solution for us?- Hide quoted text -
- Show quoted text -
how to delete these duplicates? google sucks.
.
- References:
- A world reserve currency?
- From: pgreenfinch
- Re: A world reserve currency?
- From: orangatang1
- A world reserve currency?
- Prev by Date: Re: This man predicted the 1987 Economic Recession in 1983!
- Next by Date: Re: A world reserve currency?
- Previous by thread: Re: A world reserve currency?
- Next by thread: Re: A world reserve currency?
- Index(es):
Relevant Pages
|
|
