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  • #139,681
  • Sep 7, 2009 4:33pm Sep 7, 2009 4:33pm
Quoting TheFisherman
Not so true. Look at how many countries gave up their currency for Euro.
how long did it take? 15 yrs of talking about it then how many to impliment.?
those who can, do. those who cant, talk about those who can
  • #139,682
  • Sep 7, 2009 4:34pm Sep 7, 2009 4:34pm
Quoting Hell7
I love the EUR but I do miss my Belgian Francs!
round 2 you might get it back
those who can, do. those who cant, talk about those who can
  • #139,683
  • Edited 4:46pm Sep 7, 2009 4:34pm | Edited 4:46pm
Quoting realjumper
In my opinion, a global currency will never happen...
Once again, the misunderstanding of the difference between the "reserve currency" they ARE talking about, and the various "currencies" folded up in your wallet that they are NOT talking about...


Yet.

It helps to keep them straight.
FUBAR...
  • #139,684
  • Sep 7, 2009 4:35pm Sep 7, 2009 4:35pm
Quoting gatorinla
how long did it take? 15 yrs of talking about it then how many to impliment.?
And several EZ countries are now in deep sh* because they can't devaluate their currency, which I think will make other countries think twice about creating a common currency
  • #139,685
  • Sep 7, 2009 4:35pm Sep 7, 2009 4:35pm
Quoting realjumper
In my opinion, a global currency will never happen. We are getting pressure here in NZ to have a single currency between us and the Aussies, but that will never happen either. Whiles it may make sense to *some* economists, for any country to give up their currency entirely, is a huge step to take, and mostly an unpopular one when the idea goes to the vote.
a global currency is a necessity, the only question is which one.
Currency globalization is happening, and the way to survive is to unite.
There will be many who resist, but that's the new game in town now, everything else is just background. Strength in unity. One is better than 2. eg, Euro. Focus on the major driving force and that's how you get to ride the trend, eg. Jesse Livermore, as you know. Many just credit his tape reading skills, but forget his in depth knowledge and research of the fundamental driving force at the time, hence how he cornered the market.
  • #139,686
  • Sep 7, 2009 4:35pm Sep 7, 2009 4:35pm
Quoting gatorinla
how long did it take? 15 yrs of talking about it then how many to impliment.?
About there. Even now it's not over. It's an ongoing process. More and more countries will adhere to Euro in the next 10-15 years. So I guess the World Currency could be adopted right about when we'll kick the bucket.
  • #139,687
  • Sep 7, 2009 4:37pm Sep 7, 2009 4:37pm
Quoting gatorinla
round 2 you might get it back


On a more serious note: Belgium has 3 pan-european banks, and had to save all 3 of them (lifting the deficit more than 30% of BNP). Without the EUR, I could as well live in Iceland now
  • #139,688
  • Sep 7, 2009 4:38pm Sep 7, 2009 4:38pm
Quoting ak4x
Once again, the misunderstanding of the difference between the "reserve currency" they ARE talking about, and the the various "currencies" folded up in your wallet that they are NOT talking about...


Yet.

It helps to keep them straight.
How 'bout we make Euro the reserve currency and get it over with quick and easy?

What a jokers. They think that if they say so it should be so! Reserve currency is the currency the entity who makes reserves decides. Not UN.
  • #139,689
  • Sep 7, 2009 4:38pm Sep 7, 2009 4:38pm
Quoting TheFisherman
Not so true. Look at how many countries gave up their currency for Euro.
Point taken, but it's a different kettle of fish in many ways. For instance, the EEC, or in other words, the United States of Europe, needs to 'unite' to compete head on with USA, and a common currency is not such a bad idea to facilitate that union. However, the power houses of the EEC won't easily give up their currencies. In NZ we are somewhat isolated, and insulated from many of the market fluctuations and so there is no need for us to amalgamate with the Aussies in the currency dept.

What I would like to see though is the the 'United States of South America' form to level the playing field so that we could have the USA, EEC, USSA and Asia competing with (more or less) equal power. Of course South America will never unite because it doesn't suit the USA, for obvious reasons.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #139,690
  • Sep 7, 2009 4:40pm Sep 7, 2009 4:40pm
Quoting ak4x
It's in the FF news section... old news now, it's been a top story on Bloomberg Economy section all day... origins buried somewhere in a UN based report.

http://www.bloomberg.com/apps/news?p...d=aSp9VoPeHquI
you mistake the significance.
"the UNCTAD report is the first time a major multinational institution has posited such a suggestion."
and if you read the article you will see how they mention the IMF's role, and we know where they stand!!
  • #139,691
  • Sep 7, 2009 4:43pm Sep 7, 2009 4:43pm
Quoting TheFisherman
An out of topic subject. On National Geographic (Romania don't jump on the remote) it's a documentary about WWII.

It has just occured to me that 50 yrs ago for the average people the reason to live was to die for his country. Now it's a Ferrari, a yacht and a house in Monte Carlo.

Goddam these are the days!
there are more reasons then that to die. just quote that in front an x marine burying his kia son at the funeral. that would be another reason to die with out the ferrari.
those who can, do. those who cant, talk about those who can
  • #139,692
  • Sep 7, 2009 4:43pm Sep 7, 2009 4:43pm
Quoting ledobedo
would you say we can expect stronger usd then this week?
Well I don't know to be honest, it all depends on whether anyone is interested in buying US Treasuries. And if they aren't, it doesn't matter, because in some dark smoky room somewhere, the Fed will make secret purchases anyway to make the world think that US Treasuries are in demand
Nothing worth having is easy.
  • #139,693
  • Sep 7, 2009 4:45pm Sep 7, 2009 4:45pm
Quoting Patience
... because in some dark smoky room somewhere, the Fed will make secret purchases ...
I thought that smoking was prohibited in the oval office?
  • #139,694
  • Sep 7, 2009 4:45pm Sep 7, 2009 4:45pm
Quoting TheFisherman
About there. Even now it's not over. It's an ongoing process. More and more countries will adhere to Euro in the next 10-15 years. So I guess the World Currency could be adopted right about when we'll kick the bucket.
A new world reserve does not mean getting rid of any currency, it simply means establishing a new order, which could involve creating a new one, therefore not as big a transition as one would imagine, except for the US dollar, and those pegged to it, which losing it's reserve status would mean it's pretty much worthless, because of its enormous deficit status.
  • #139,695
  • Sep 7, 2009 4:45pm Sep 7, 2009 4:45pm
Quoting Atlast
you mistake the significance.
"the UNCTAD report is the first time a major multinational institution has posited such a suggestion."
and if you read the article you will see how they mention the IMF's role, and we know where they stand!!
That's why my before. If China or Iran yacks about it in an un-official declaration is one thing but if UN puts it into a document it a different kind of fish soup. The big fish kind of soup.
  • #139,696
  • Sep 7, 2009 4:47pm Sep 7, 2009 4:47pm
Quoting ak4x
It's in the FF news section... old news now, it's been a top story on Bloomberg Economy section all day... origins buried somewhere in a UN based report.

http://www.bloomberg.com/apps/news?p...d=aSp9VoPeHquI
yeah it said the un said.. wth... whos the un? not a single name..un dont say shit unless the member nations agree..i must have missed that one..
those who can, do. those who cant, talk about those who can
  • #139,697
  • Sep 7, 2009 4:47pm Sep 7, 2009 4:47pm
Quoting Hell7
I thought that smoking was prohibited in the oval office?
It's dry ice
Nothing worth having is easy.
  • #139,698
  • Sep 7, 2009 4:48pm Sep 7, 2009 4:48pm
Quoting Atlast
A new world reserve does not mean getting rid of any currency, it simply means establishing a new order, which could involve creating a new one, therefore not as big a transition as one would imagine, except for the US dollar, and those pegged to it, which losing it's reserve status would mean it's pretty much worthless, because of its enormous deficit status.
May I maliciously add

ONE FOURTY FIVE!

  • #139,699
  • Sep 7, 2009 4:49pm Sep 7, 2009 4:49pm
Quoting Hell7


On a more serious note: Belgium has 3 pan-european banks, and had to save all 3 of them (lifting the deficit more than 30% of BNP). Without the EUR, I could as well live in Iceland now
so i take it your not a euro fan?
those who can, do. those who cant, talk about those who can
  • #139,700
  • Sep 7, 2009 4:51pm Sep 7, 2009 4:51pm
Quoting TheFisherman
May I maliciously add

ONE FOURTY FIVE!


you´re right!!!




ONE FOURTY FIVE


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