Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Politics and Political Issues Board => Topic started by: Skip8282 on October 23, 2011, 06:15:29 PM
-
I've been reading up on it, but still not sure (and don't have the business acumen) to really know if it would help.
Americans seem to mostly oppose the idea, but the poll is old: http://www.singleglobalcurrency.org/zogbypolling.html
Anybody have any insights on whether or not this would help - particularly in trade deficits, etc.?
-
It would do more harm than good by linking all countries economic health to one another and allow for an overall collapse to happen much easier. Not to mention the political logistics of getting everyone to agree to this, which won't ever happen in our lifetime. Under our current form of banking it's just not possible in my opinion.
-
I've been reading up on it, but still not sure (and don't have the business acumen) to really know if it would help.
Americans seem to mostly oppose the idea, but the poll is old: http://www.singleglobalcurrency.org/zogbypolling.html
Anybody have any insights on whether or not this would help - particularly in trade deficits, etc.?
Look at what's happening with the Euro. That should about sum up the benefits of a single currency and help to explain why it will never happen, despite what the tinfoil hatters may claim.
-
Look at what's happening with the Euro. That should about sum up the benefits of a single currency and help to explain why it will never happen, despite what the tinfoil hatters may claim.
"tinfoil hatters" have only claimed that there is a movement toward this and in recent years they've been vindicated by this coming more openly to the surface, even in the media. How can you call CTr's out on this? Looks like they were right; there are important people pushing for this kind of shit. You say it won't happen because of what happened to the euro, but that doesn't have anything to do with CTr's saying people were actively trying to make this happen. Hell, they don't want this to happen so if you're right that what has happened in Europe stops this, that's good in our view!!!
So CTr's called this one right, sorry....
-
"tinfoil hatters" have only claimed that there is a movement toward this and in recent years they've been vindicated by this coming more openly to the surface, even in the media. How can you call CTr's out on this? Looks like they were right; there are important people pushing for this kind of shit. You say it won't happen because of what happened to the euro, but that doesn't have anything to do with CTr's saying people were actively trying to make this happen. Hell, they don't want this to happen so if you're right that what has happened in Europe stops this, that's good in our view!!!
So CTr's called this one right, sorry....
What movement? You think they would have planned it out a little better. The Euro's been around 11 years and it's already on the cusp of collapsing. For something a lot of people claim has been centuries in the making it sure seems like they really dropped that ball. If some little rat's nest of a country like Greece can destroy the Eurozone then they clearly didn't do their homework.
-
enjoy BF... "What movement" lol...
Listen past the first 40 seconds:
LOL
-
From: Richard N. Cooper (http://"http://en.wikipedia.org/wiki/Richard_N._Cooper"), “Is there a Need for Reform?” Speech given at a Federal Reserve Bank of Boston conference, May 1984.
Exchange rates can be most credibly fixed if they are eliminated altogether, that is, if international transactions
take place with a single currency. But a single currency is possible only
if there is in effect a single monetary policy, and a single authority issuing the
currency and directing the monetary policy. How can independent states accomplish
that? They need to turn over the determination of monetary policy
to a supernational body, but one which is responsible to the governments of...
The currency of the Bank of Issue could be practically anything, an
evolution from the Canadian dollar, the Swedish krona, the ECU, or the
SDR. Most natural would be an evolution from the present U.S. dollar, making
use of the extensive dollar-based worldwide markets. But if that were not
politically acceptable, it could be a synthetic unit which the public would
have to get used to, as it had to get used to the metric system when that
replaced numerous national systems. The key point is that monetary control--
the issuance of currency and of reserve credit--would be in the hands
of the new Bank of Issue, not in the hands of any national government, no
matter what the historical origin of the new currency happened to be.
If the objective of a single currency is thought to be desirable, compared
with the likely alternatives, are there steps we should be taking now to work
toward that objective?..
To fix the time
frame, let us go forward 25 years, to the year 2010. That is far enough ahead
so that many changes from now are plausible. Developments that are completely
unrealistic in the next five or ten years can be contemplated. But it is
not so far ahead that we cannot really contemplate it at all. Many of us will
still be around and functioning at that time, and it is only as far ahead as the
year 1960 is behind us, and no doubt that is still a fresh memory to most of
30 THE INTERNATIONAL MONETARY SYSTEM
us. I propose first to sketch a set of arrangements which I believe will deal
with the problems in the present setup. If this proposed scheme is agreeable,
we can then ask what interim steps will be useful to get from here to there.
IV. A Monetary Scheme for the Year 2010...
...This is a politically difficult step and cannot be taken
overtly any time soon, since each nation has its formal system of decisionmaking
and channels of responsibilities for determining monetary policy...
I have put forward a radical alternative scheme for the next century: the
creation of a common currency for all of the industrial democracies with a
common monetary policy and a joint. Bank of Issue to determine that monetary
policy. Individual countries would be free to determine their fiscal policy
actions, but those would be constrained bythe need to borrow in the international
capital market. Free trade is a natural but not entirely necessary complement
to these macroeconomic arrangements.
This proposal is far too radical for the near future, but it could provide a
"vision" or goal which can guide interim steps in improving international
monetary arrangements, and by which we can judge the evolution of national
economic policy.
-
it's so funny... items and issues quietly being moved from "CT" terriroty to reality.
-
It would do more harm than good by linking all countries economic health to one another and allow for an overall collapse to happen much easier.
This is the primary reason I would oppose it.
. . . or at least one of the reasons.
-
This is the primary reason I would oppose it.
. . . or at least one of the reasons.
that, and it would devalue the buck ina major way, and put us at the mercy of countries hoarding metals at the moment.
-
OMG :o This was published in 2006!!!!
America's Bubble Economy: Profit When It Pops
http://www.amazon.com/Americas-Bubble-Economy-Profit-When/dp/047175367X
-
-
The End of National Currency
By Benn Steil Director of International Economics at the Council on Foreign Relations
Global financial instability has sparked a surge in "monetary nationalism" -- the idea that countries must make and control their own currencies. But globalization and monetary nationalism are a dangerous combination, a cause of financial crises and geopolitical tension. The world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn.
...But the world can do better. Since economic development outside the process of globalization is no longer possible, countries should abandon monetary nationalism. Governments should replace national currencies with the dollar or the euro or, in the case of Asia, collaborate to produce a new multinational currency over a comparably large and economically diversified area...
http://www.mafhoum.com/press10/301E14.htm
-
"Is the idea of adopting a single global currency a solution to economic instability? Includes interviews with some of the world's foremost economists such as Professor Robert Mundell (whose early pioneering work laid the foundations for the introduction of the Euro) and Professor Joseph Stiglitz"
-
Towards a World Currency
by Garry Jacobs 1
The international financial instability precipitated by the Sub-prime Mortgage Crisis during the first half of
2008 is symptomatic of more fundamental changes in the global economy that can be permanently and
effectively addressed only by the evolution of truly global monetary institutions. Like the proliferation of
websites on the Internet, money and global financial assets are multiplying at an unprecedented rate and
outstripping the authority and management capabilities of national governments. This article traces
historically the origin of recent events in India and global financial markets to evolutionary changes in the
world-at-large, examines the inherent instability and high costs of the present system, and shows how they
argue strongly for the eventual emergence of a single world currency and world central bank.
http://www.worldacademy.org/files/Single%20World%20Currency%20Paper%20By%20Garry%20Jacobs.pdf
-
single currency is pure evil. No accountability, no oversight, no representation, nothing but secretive NWO shit.
-
I wasn't looking at the CT stuff of trying to "sneak" it in.
This is more the academic of whether or not it would be beneficial. Transactional costs, reserves, reduction in foreign investment risk, etc. all typical benefits that I've come across.
But, most opposition seems to be political in nature, rather than more substantial.
Emmortal and BF's example make some good points in opposition.
-
I don't think it's a CT. Most of the stuff I posted is not CT based nor is it by CTr's. Some think any talk of a single global currency coming is CT nonsence by tin foil hatters as BF said. Clearly it is not. I had no intention of sneaking in a conspiracy. BF brought it up, I only wanted to show there is a real movement interested in seeing a single currency develop.
-
yeah, didnt they present obama with an example of the new currency at the G8 or G20 summit?
shit is real son.
-
skip, if you're interested in the arguments for, a bunch of what I posted above is by highly respected economists arguing in favor of the single global currency. There's even a 3 part bbc doc posted above that lays out all the agruments for.
-
skip, if you're interested in the arguments for, a bunch of what I posted above is by highly respected economists arguing in favor of the single global currency. There's even a 3 part bbc doc posted above that lays out all the agruments for.
Yeah, I'm working my way through the vids one by one.
Thanks,
-
did you guys read that clipping above from America's Bubble Economy: Profit When It Pops
Dang, this is pretty amazing for 2006, probably written in 05... They talk about the bubble bursting in the near future like they had already seen it happen. I though Ron Paul was good.
-
did you guys read that clipping above from America's Bubble Economy: Profit When It Pops
Dang, this is pretty amazing for 2006, probably written in 05... They talk about the bubble bursting in the near future like they had already seen it happen. I though Ron Paul was good.
they even called woman/minority thing. pretty insightful. it was probably posted here and mocked in 2006, anyway.
strong economic fundamentals, and whatnot.
-
did you guys read that clipping above from America's Bubble Economy: Profit When It Pops
Dang, this is pretty amazing for 2006, probably written in 05... They talk about the bubble bursting in the near future like they had already seen it happen. I though Ron Paul was good.
they even called woman/minority thing. pretty insightful. it was probably posted here and mocked in 2006, anyway.
strong economic fundamentals, and whatnot.
I don't know about that, but I'm ready to give up cold hard cash anytime. It's the electronic age and I don't like carrying that shit around anyway. Been predicted for almost as long as I can remember, so I'm hoping to see it someday.
-
they even called woman/minority thing. pretty insightful. it was probably posted here and mocked in 2006, anyway.
strong economic fundamentals, and whatnot.
These authors don't mess around... This is interesting!
"Prior to writing America’s Bubble Economy, Dr. Wiedemer worked
on developing a new economic framework for better understanding
how the economy evolves called STEP Science, Technology,
Economics, Politics (STEP) Evolution. STEP Evolution is the basis
for his highly accurate and prescient predictions about the economy."
THEY JUST WROTE A NEW BOOK WITH WORSE PREDICTIONS:
Book Review: Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown
http://www.globalchinacenter.org/analysis/chinese-society-politics/book-review-aftershock-protect-yourself-and-profit-in-the-next-global-financial-meltdown.php
-
I don't know about that, but I'm ready to give up cold hard cash anytime. It's the electronic age and I don't like carrying that shit around anyway. Been predicted for almost as long as I can remember, so I'm hoping to see it someday.
no thanks. :)
On a side note, this shit also freaks out a lot of christians. There's a shit load of pages out there talking about how this is a step toward the antichrist and mark of the beast and all that. Interesting to see what christians posting here think about that?
-
Skip the Pope must have read your thread. :)
Vatican Calls for Global Authority on Economy
Monday, 24 Oct 2011
VATICAN CITY — The Vatican called Monday for radical reform of the world's financial systems, including the creation of a global political authority to manage the economy.
A proposal by the Pontifical Council for Justice and Peace calls for a new world economic order based on ethics and the "achievement of a universal common good." It follows Pope Benedict XVI's 2009 economic encyclical that denounced a profit-at-all-cost mentality as responsible for the global financial meltdown.
The proposal acknowledges, however, that a "long road still needs to be traveled before arriving at the creation of a public authority with universal jurisdiction" and suggests the reform process begin with the United Nations as a point of reference.
Vatican pronouncements on the economy are meant to guide world leaders as well as the global church. United States Roman Catholic bishops, for example, have released a voter guide for the 2012 election that highlights social concerns such as ending poverty.
"It is an exercise of responsibility not only toward the current but above all toward future generations, so that hope for a better future and confidence in human dignity and capacity for good may never be extinguished," the document said.
It highlights that reforms must assure that financial and monetary policies will not damage the weakest economies while also achieving fair distribution of the world's wealth.
The proposal also called for a "minimum, shared body of rules to manage the global financial market," lamenting the "overall abrogation of controls" on capital movements.
While past Vatican pronouncements have condemned unfettered capitalism, the latest criticized "an economic liberalism that spurns rules and controls."
It also attacked "utilitarian thinking," saying what is useful to the individual does not always favor the common good.
http://www.newsmax.com/Newsfront/EU-Vatican-World-Finance/2011/10/24/id/415582
-
POPE needs to clean out the pedos and STFU on this.