Topic: What will happen if we use a one currency only? - page 16. (Read 19477 times)
It could cause a war because every country is different and mostly big countries whos currency level is higher will demand power over others
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
Crypto currency have this ambitions to be global currency, but not only bitcoin, many coins will used.
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
Crypto currency have this ambitions to be global currency, but not only bitcoin, many coins will used.
It's hard to happen cause the currency is showing how powerful that economics is and big country don't want to import their good currency with other at all, Want or not they will split if they have chances.
If we have only 1 forex, all dealings, costs around the world would be regular and also at same level. We are all equal in most dealings. But I wish it might be distributed similarly amongst nations, if not other places will suffer for that shortage of money.Its easy to go from place to another with hassle of forex exchanges.
Expecting people to use only 1 forex is much like our unique circumstances, would you expect individuals to just stick to bitcoin rather than use every other gold coin? if seriously you will find a way to combine all of us to simply use bitcoin and no other gold coin in any way then much better mean it out.Even with a worldwide effort and all the nations and nations saying yes on implementing just one device of worth like a global one forex there will be people utilizing their personal money, moreover with cryptocurrencies within the play, I'm assuming all the new world purchase ideas for just one world currency is ruined
This is something that European union has tried and partialy successeded, to use 1 forex for those fellow member states. But still you will find issues so I don't believe it's possible for entire world to use just one forex. Many countries think about forex as part of their sovereignity then one that economy relies upon therefore it is hard to abandone that.
if we will use only one currency then there would be only one government to control the economy in only one nation , this would only bring a chaos all over the world i guess . the reason why we have different currency i think it is because of different countries have different economic realities, different currencies are needed to maintain their trade advantage especially to those countries who used to export products . And also if we all use one currency, and we use bitcoin as the world currency, then there will be equality. if for example you are a teacher and in your country you are paid 1 bitcoin per month, then if you ask a teacher from other countries, their salary will also be the same, all the fares, goods and services, will all be in the same amount, there would be no inflation, since thee is no foreign exchanges, there would be no rich and poor, as far as i can see...
Using one currency, will bring as in trouble. But it will also bring good effect. All those people that choose to work abroad will get back to thier country, because the currency is the one reason why they are going to different country. But idon't think it will not happen.
very difficult to realize that, because each country has its own fiat, and it has happened since the first. maybe the ecosystem of finance in each country will be chaotic because in making it 1 currency for all countries. but I think that it becomes more simple.
a single currency status would be harmful for the markets as well because the Whole gamut of Foreign Exchange (the highest financial market with nearby $5 trillion volume a DAY) will be vanished. The same would also affect some parts of the economy as it would nullify the need of financial sector employees and would generate huge Unemployment.
To sum up, in order to have different delicacies in global environment, generating capacity to pay the hard-workers and punish the weaker economies, together with giving rise to need of Smart Employees, it is better to avoid thinking of single currency.
To sum up, in order to have different delicacies in global environment, generating capacity to pay the hard-workers and punish the weaker economies, together with giving rise to need of Smart Employees, it is better to avoid thinking of single currency.
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
I do not think that is going to happen but if it did then that is going to be huge trouble, think of the euro except 100 times worst, countries will be unable to set their own budgets and that is an issue since the needs of Spain are different than the needs of Japan, this is why I do not see bitcoin becoming the only currency of the world, it may become very powerful but there are always going to be other crypto and fiat and to me that is a good thing. What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
With a single unified currency,countries no longer have the luxury of devaluing their local currency to make their product more competitive,
Weaker countries, had to become more competitive with larger, stronger countries, because weaker countries will enjoy higher purchasing power without having to produce more goods and services.
Weaker countries, had to become more competitive with larger, stronger countries, because weaker countries will enjoy higher purchasing power without having to produce more goods and services.
There wouldn't be a fair trade uif we use one currency and it will also spell doom for the world as the good book predicted that one world currency and econmic system will signal the end of the world for the bad guys to take over.
With a single unified currency,countries no longer have the luxury of devaluing their local currency to make their product more competitive,
Weaker countries, had to become more competitive with larger, stronger countries, because weaker countries will enjoy higher purchasing power without having to produce more goods and services.
Weaker countries, had to become more competitive with larger, stronger countries, because weaker countries will enjoy higher purchasing power without having to produce more goods and services.
Using one currency all over the globe means a good and easy trading between two countries. If we use a global currency then the value of that currency get increase and this will help to lower the poverty of the developing countries.
That means practically to cancel trading, which will have as a result many people to loose interest in cryptos. Also, that means that there will be no diversity in anyone's portfolio with a result the economy to stabilize at some point and stay neutral. Also, the one coin will turn to be controlled easier by governments.
You are so right. If there will no competitor, how can a single currency be used for trading.It will be end of this profession, at least the digital trading one. I don’t know what will happen if the government will become able of controlling one currency easily because at the present, there are not many issues rather governments don’t care about them but the point is having only one currency for the whole world is a bad idea and practically impossible too.Thats correct. There will be equality when use only one currency which is impossible and government will be against. It also means that the economy become equal in any aspects so there will be no trading and investment going to happen.
This will never happen,because there will always a dominant country and if this single currency implemented all the nations will be equal in terms of all aspect in which bigger country wont allow.how could they get what they want if this thing equality works.
For me living in a thirdworld country will be glad having this one currency thing,but for sure those DOMINANT COUNTRY SURELY OPPOSE THIS IDEA..
For me living in a thirdworld country will be glad having this one currency thing,but for sure those DOMINANT COUNTRY SURELY OPPOSE THIS IDEA..
I think if there is only one currency, there is no need to monitor the exchange rates of currency. There no such things as investments and trading in business world because of no conversion of monetary values and prices.
[Edited to make it more understandable question]
What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
Since it's edited I'll give a little bit different answer. It will prevent crisis in some countries because some of them depends on local currency/USD price, theyvare usually importers so when USD rises, wages are lowered and prices are becoming higher. So one currency is better of course, it will fix problems but there are some big players who enjoy multi currencies because they usually plan manipulating of price and make a big profit, so it more likely won't happen.What if all nation use only a one currency or one global currency?, What will happen to our world?, What is the effect of every nation's or every country economy?, It can make people's unite each other?Any opinion.
if we all use one currency, and we use bitcoin as the world currency, then there will be equality. if for example you are a teacher and in your country you are paid 1 bitcoin per month, then if you ask a teacher from other countries, their salary will also be the same, all the fares, goods and services, will all be in the same amount, there would be no inflation, since thee is no foreign exchanges, there would be no rich and poor, as far as i can see, people from the first world countries today has a very great advantage over the people from the third world countries, that is due to the dollar exchange, their fiat might be worth more if they went to a third world county which has a very cheaper price when it comes to goods and services, but if we have only one currency, that will change, the price all will be the same, but there is a disadvantage, if there is one currency only, hoarding might take place and all countries should agree on one thing, who will manage that currency, who will tell them the price, who will make decisions, i think if we have one currency, though it seems to be a good thing, we should study it further, to benefit all.
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