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Topic: What will happen if we use a one currency only? - page 42. (Read 19529 times)

legendary
Activity: 2114
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Th EURO was a bit of a problem to be honest, it has impoverished many people, but if we all had to use bitcoin it would be better lol then anyone holding bitcoin now would be millionaires as the demand would skyrocket, that would be a lovely thought.
legendary
Activity: 3472
Merit: 10611
[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. Cheesy

when was the last time you saw 20 people see eye to eye on some matter?
now make it bigger, when was the last time you saw people in one country or all countries agree on one thing? it can never happen because it means each country would have to give up his private control over their own currency and give it up to one place that prints the money for everyone.
legendary
Activity: 3122
Merit: 1398
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[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. Cheesy


A certain country even a poor country can't ever be decide it's own monetary policy in their country since they have to comply with the financial policy that will be given by those authorities concern in the Central Bank.

This is not a good idea since every country has different economic status and obviously we have places below third world countries literally.

It can't make people unite as like I said countries are not different in terms of financial status.
sr. member
Activity: 420
Merit: 250
This idea was embodied in the EU. when on the territory of several countries, one currency is introduced.
yeah i think most of the European countries use the euro currency for their international transactions? but it was only for the European territory only, to the world may be known as an international currency
sr. member
Activity: 882
Merit: 251
Maybe this could lead to unity as one, as one main goal every country. 
But the point is everyone could not easily adopt its goal to use one
currency only. Everyone will experience difficulty if every government
will plan to use one currency. Because for how many years since century
the tradition is using its current currency.
legendary
Activity: 1386
Merit: 1020
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[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. Cheesy
I cant imagine   on what would  happen   if  this  situation  would  be  imposed. Many  would be affected and many things  would  be gone like  forex exchanges,  it would  wipe  out for sure  hence we are  using   one currency, Chaos would arrise   because  each  country would  definitely accumulate more money on  one currency  and they would surely think the  more  money a country  it has  it would  be the most powerful and  there are  lots of  more.
hero member
Activity: 2870
Merit: 574
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then there is only strong country will survive and the small country will collapse with fast as each country is not the same for many aspect, there is still many different we can found in each country, like in economy, people society, money growth in that country, fluctuation and else and if we only use one currency, imagine what will be happen with the small and poor country. this can make big world war than we can not imagine.
legendary
Activity: 2912
Merit: 1068
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In real situation I don't think it's possible. The EU implemented Euro as their one single currency and look how many problems that has provoked and not al members have accepted it.
Globaly that just wouldn't work, there are too much countries with too much financial and economic interests.
But cryptocurrencies, especialy Bitcoin could be that one currency who could informaly unify ordinary people throughout the world.
legendary
Activity: 1218
Merit: 1007
If we are going to get into this point then for sure we are into the one world government. And they will implement it so that they can manipulate.

But I think this is not going to happen today maybe that is possible to happen 10-20 years from now. I hope that it will be with bitcoins.

As the one currency that we'll use.
It really, really depends on the election in the States before anyone can talk about the time until a one world government to be honest.

Trump, a nationalist candidate, would throw a wrench into this plan, globally. His election would cause a spur in nationalist parties throughout the world, and this would set back globalist plans a fairly long time. And, the thing is, nationalism is on the rise throughout Europe and North America. The only way to fix this, for the globalists, is to outbreed the native demographics. Which, entertainingly, is a plan already in place and you can see happening right now.

Clinton being elected would still require a demographic change, and might, to be honest, trigger a civil war. If things get bad enough, and in a decent amount of people's eyes they already are, a civil war could occur, becoming a global war quickly.

Minimum amount of time is 30 years, looking at 40-50 realistically.
hero member
Activity: 3150
Merit: 636
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If we are going to get into this point then for sure we are into the one world government. And they will implement it so that they can manipulate.

But I think this is not going to happen today maybe that is possible to happen 10-20 years from now. I hope that it will be with bitcoins.

As the one currency that we'll use.
sr. member
Activity: 266
Merit: 250
One world One currency, Bitcoin.
the diffrence at everyones thinking and point of view results in partion of everything. like i love beer but you love mango juice. people also devided god in every country and continents . as followed the same they devided the money too so it can satisfy everyones wants and demands
legendary
Activity: 1554
Merit: 1054
This idea was embodied in the EU. when on the territory of several countries, one currency is introduced.
Oneness will be always good in my humble opinion. Because, the differences makes conflicts and difficulties.
When we are having a single government in this world there will not be any need of any restrictions and there will not be any chances of war too.

If there will be only one currency to use, I believe that will be solving many financial problems, but practically it will not be possible across different continent countries.

We, the people may bring that revolution by adopting bitcoins.
sr. member
Activity: 289
Merit: 250
This idea was embodied in the EU. when on the territory of several countries, one currency is introduced.
hero member
Activity: 2744
Merit: 541
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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 .
legendary
Activity: 2590
Merit: 1022
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it will be a good thing because without many currency for example you can avoid exchanging your fund and losing a portion in fee or you can avoid big amount of fee when sendin money abroad to a friend or parent
hero member
Activity: 938
Merit: 500
Well in the past there were a huge market of exchange, material by material, then they introduces silver and gold coins, having a single currency worldwide wont happen, an if happens the price of rice will change between locations and countries as well, and currently the developed countries will always has advantages against the others.
hero member
Activity: 1246
Merit: 529
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Well there's going to be imbalance i think and rich countries won't accept it. Also I think it's close to impossible as countries and goverments will not allow this to happen.
legendary
Activity: 1218
Merit: 1000
If all countries use the same currency it will result in no difference in price. And the economy of a country will be the same as using the same currency and its value will be the same clear. In addition, because the influence of demand and offer. so when the British state was the one who spearheaded their money, and other countries also negotiate to make money. State representatives filed a desire money respectively. So, it makes the currency of each country is different.
legendary
Activity: 3668
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[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. Cheesy

One and only currency would mean a set of strict rules all countries will have to obey.

Just check the EUR as example.
There is some small % the EUR governments are allowed to spend more than the country's income. And it's not the only rule, I am sure.
Just check Greece, where they did not follow the rules and what problems they caused.

Now change this at bigger scale. Do you expect USA and China agree? And Russia too? And Afghanistan? Really? Cheesy

If you don't have those rules, a global single currency cannot exist. Because one country will spend more than the other, thus cheating their neighbors.
And with rules, it's very hard too, near impossible.

The only way I see this to happen is to also have one global country = one government for all. Which is not going to happen in my lifetime.
legendary
Activity: 3248
Merit: 1402
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I think it is impossible. If one currency becomes close to being a monopolist - another one shows up. Globalization is not possible without some localization processes. People start to return to local culture, traditions and thus to their own currency.
But if there still happened such a thing - I think some countries will be able to control the system and so it would be quite a totalitarian world.
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