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Could a single global currency work?

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Results so far:

Yes
43% 175 votes Total: 408 votes
No
57% 233 votes

next ingredient is to analyze the gold standard and find the real culprit that caused the depression. Was it the gold standard itself or profiteering from the war? The war caused the profits to increase by allowing the government to spend more money than they had in gold. Bad business practices led to, you guessed it, economic disparity since not all people had it bad. The rich still made out regardless of the fact that many starved in wooden shacks. Thank your criminalistic political structure for this, not the gold standard.

The truth is the Fiat system is designed to give only the wealthy all the money and the middle a bit then the poor would have nothing. They designed it with the mindset that there is not enough gold to go around, but that is not true either. There is enough gold in the mines in Africa to keep our economy going for the next million years since it's the credit rating and not the gold itself being traded. The Fiat system was devised so many countries could partake in the process that didn't have a gold cache but the countries involved knew the end of the road was on the horizon for their dominance if they allowed the gold standard to persist. Whomeever has the gold wins in that system but the fact was that the gold was not the problem as much as the people who devauled the gold to profit from the rich nations by flooding the market. We have many reasons to be on the gold standard but few to be off. The fact remains that if Africa flooded the market after going to the gold standard we would still have the currency and it's worth, just alot more.

The world banks conspired yet understood the relationship between global markets and wealth. They did not fix prices since they believed this would end their control of the economy. The fixing of prices globally allows competition that the world banks truly hate. The world banks are not the greatest as far as ethics since they use drug money and terrorist money to destroy American interests around the world. They destryed the banks of America too by allowing the American government along with the Federal reserve to fix the rate of inflation causing spikes in the recession phase of our economy, inherent with the FIAT system. This system of recessions are played upon by the world trade organization to facilitate trade deficits and cause Americans to pay higher and higher interests rates.

Global free markets with a common currency would eliminate the Fedral trade commision, FDIC, and federal reserve


Below are the top articles rated and ranked by Helium members on:

Could a single global currency work?

Yes
  • 1 of 17

    by Michael Greaney

    The idea of a single global currency is not only feasible in our day and age, it has been effectively implemented a number

    read more

  • by Colin Morley

    This is a truly fascinating debate. As I write, the 'yes' side of the argument is losing, yet has more than twice as many

    read more

No
  • 1 of 13

    by Global Urbanist

    A single global currency makes the assumption that all of humanity has the same needs. Nations of the world have different

    read more

  • 2 of 13

    by John Talleos

    One world single currency has a nice ring to it. It's has though the world were one country with one identity. This is the

    read more

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