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Thread: Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8

  1. #21
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    Re: Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8

    Special drawing rights (SDRs) aren't going to work either, the American dollar is still a huge component. And even though it would be an improvement for dollar holders outside of the USA, it still doesn't get away from the dollar.

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    Re: Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8

    The ghost of Jack Kevorkian for President's Physician: 2016

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    Re: Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8

    Quote Originally Posted by phattonez View Post
    You want one world currency? Do you trust the world to not devalue your money?

    I'd like instead a gold-backed system where you put your gold in banks and the bank issues its own currency. That would put competition in currency so that only those who don't devalue their money survive.
    Yes, I agree... but the big banks that will be 'running' the world government and / or world economy have no interest in using REAL asset backed currency since those cannot be simply devalued.

    This does tie into the bank 'bailout' in that they've taken nearly 20 Trillion dollars, and once that money gets pushed back into the economy, because we don't produce anything anymore is going to mean a drastic level of inflation.... with that level of inflation and devaluing of the dollar, how would the US have any choice BUT to buy into this 'global currency' once it's taken effect?

    I mean, I'd seriously hope that it doesn't end up like zimbabwe where you'd pay for your meal when you sit down because by the time the meal arrives the cost has gone up... (luckily I've never lived through this, but have heard this has been the case, in other places as well)

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    Re: Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8

    Quote Originally Posted by BmanMcfly View Post

    I mean, I'd seriously hope that it doesn't end up like zimbabwe where you'd pay for your meal when you sit down because by the time the meal arrives the cost has gone up... (luckily I've never lived through this, but have heard this has been the case, in other places as well)
    I dont think it would be as bad as Zimbabwe. I dont remember the exact number now but it was HUGE. They printed something like 400 trillion dollars in less then a decade.

  5. #25
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    Re: Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8

    A world fiat currency is an economic impossibility.

    So long as there are sovereign nations, there will be sovereign currencies.

    Medvedev is smoking crack if he thinks showing off a coin will change that.

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