What will happen if we use a one currency only? - page 43.

davis196

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Quote from: dawnasor on November 02, 2016, 08:53:29 AM

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion. Cheesy

I don`t understand your question.Learn english.

Every nation uses it`s own national currency.The people are free to buy and sell every currency they want.

Are you talking about one global currency?

BitcoinPC

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Quote from: jossiel on November 03, 2016, 12:26:51 AM

Quote from: BitcoinPC on November 03, 2016, 12:13:49 AM

No way, never and ever it will be happened, now in present and nor in future. Every country like its own currency, and no one countries accept the other country's currency.
Also this matter can't be solved, because it has no answer. As we know every country has his own economy style, so in this way, many many circumstances would be happened, and nothing except.

It can happen have you heard the one world government and one world religion? Because of those illuminati's this can be possible.

And once they are able to implement that then for sure they are the ones who are going to make use of one world currency only.

Because that will signifies their power.

As you said it will be happened in imagination not in reality. I am not living in your country, So do you accept my government and my religion?
Exactly, you answer will be "NO". Also same for me, I never accept your government and your religion. So same here no one country accept your currency.
As you said, i never heard about it even i never see in any movies.
Only one government, one religion and one currency in all over the world, IS IT POSSIBLE IN THIS WORLD?

BitcoinPanther

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Quote from: serje on November 02, 2016, 11:11:09 AM

If that will happen a lot of people will be fucked.

Let's pretend for a second that this is happening.

The biggest and powerful country will want to have the lead.

By the lead I mean she will try to approximate the value of the coin we all use.

1.00000000 coin everyone use is 100 USD.

One person who is working in the country I mentioned get a paycheck of 50.00000000 coins

One person who is working in the weakest country on the same position will get 5.00000000 coins

And now comes the best part.

prices for bread in the fist country 0.00500000 coins

and guess what the price will be for bread in the weakest country? 0.00520000 coins

This scenario is inspired by real life salary and prices, the only difference is that everyone will know it for sure as a lot of people are not good at conversions and if they are they don't care about prices in other countries.

I don't think price is computed that way. Each country have specialty of goods. By that the items that is abundant in one country will be cheaper than the other country no matter how much is their earning in there. The reason why it is cheaper because it don't need to be shipped out of the country in order to be bought by the customer. Less expenses from shipment and customs taxes means cheaper price.

Kakmakr

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There are too many different opinions based on religion, culture and politics preventing this from happening. I know some religions believe that "one" currency are a sign that we are approaching the end of the world. Here is one example : http://www.bibleprophecyandinspiration.com/?p=538

Fiat money allows government to take out loans to an unlimited extent because fiat money by definition can be produced without limitation, without commercial limitation or technological limitation, and can be produced in whatever amount is desired.

https://mises.org/blog/how-fiat-money-destroys-culture

noictib

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Quote from: dawnasor on November 02, 2016, 08:53:29 AM

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion. Cheesy

if we will use only one currency then can't get Profit from the money conversion from one currency to another .
i mean like we are using two currency suppose bitcoin and doller then according to fall and down of pro we arr making Profit .
in the same way we are doing trading at exchange sites which will be impossible with single currency .

bitstealth

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This is very hard for all government to use one currency for the whole countries, technically it is impossible so that I think there is no need to make any comment about this from my point of view, there is big difference among their economy some countries are poorest.

jossiel

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Quote from: BitcoinPC on November 03, 2016, 12:13:49 AM

No way, never and ever it will be happened, now in present and nor in future. Every country like its own currency, and no one countries accept the other country's currency.
Also this matter can't be solved, because it has no answer. As we know every country has his own economy style, so in this way, many many circumstances would be happened, and nothing except.

It can happen have you heard the one world government and one world religion? Because of those illuminati's this can be possible.

And once they are able to implement that then for sure they are the ones who are going to make use of one world currency only.

Because that will signifies their power.

BitcoinPC

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No way, never and ever it will be happened, now in present and nor in future. Every country like its own currency, and no one countries accept the other country's currency.
Also this matter can't be solved, because it has no answer. As we know every country has his own economy style, so in this way, many many circumstances would be happened, and nothing except.

kevinn669

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Quote from: groll on November 02, 2016, 10:51:01 PM

Quote from: dawnasor on November 02, 2016, 08:53:29 AM

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion. Cheesy

I think if there would be only one currency being used by all nations, the world would be borderless. In the sense that there would be no limitation from one country to another. Goods and services can be bought without any conversion of money. Imagine that? We could pay imported goods without wondering what could be it's equivalent amount in our country if sold. And if ever this thing is possible, i think the value of imported goods doesn't matter anymore.

I agree that it would be beneficial to people, that there was one currency. But the banks and the bankers? After all, they live at the expense of currency conversion transactions. Many sectors of the economy will suffer

arseaboy

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Quote from: xuan87 on November 02, 2016, 06:43:25 PM

I think if that happen it will cause chaos and the economic will unstable, if the currency spread is not balance then it will cause inflation in the country that got least currency, so it's really important for each country to have it's own currency, so they have the power to control the inflation rate and their economic

Yes the world will be in chaos.. every country have their own perception and I think all country would agree if there will be only 1 currency that will be use worldwide. Expect a world war to come if this will happen.

bamboylee

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Quote from: dawnasor on November 02, 2016, 08:53:29 AM

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion. Cheesy

It is not just right to use one currency all over the world. Each country have its own economic status and using a single currency is not possible because richer countries will not allow it.

JITENDERPAR3

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Quote from: dawnasor on November 02, 2016, 08:53:29 AM

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion. Cheesy

actually competition will remain same in the online and practical market . but i think the agent ( site platform which help to convert one currency into other ) will no more make money and we will easily make deals with each other .

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Quote from: xuan87 on November 02, 2016, 06:43:25 PM

I think if that happen it will cause chaos and the economic will unstable, if the currency spread is not balance then it will cause inflation in the country that got least currency, so it's really important for each country to have it's own currency, so they have the power to control the inflation rate and their economic

I think so,and probably poor country will suffer more.Scarcity will prevail on said country and money will be hard to find.Though it is a good idea to have this centralized money systemI mean one currency to all, but those who has bigger money in their control can dictate the weak ones.

groll

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Quote from: dawnasor on November 02, 2016, 08:53:29 AM

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion. Cheesy

I think if there would be only one currency being used by all nations, the world would be borderless. In the sense that there would be no limitation from one country to another. Goods and services can be bought without any conversion of money. Imagine that? We could pay imported goods without wondering what could be it's equivalent amount in our country if sold. And if ever this thing is possible, i think the value of imported goods doesn't matter anymore.

xuan87

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I think if that happen it will cause chaos and the economic will unstable, if the currency spread is not balance then it will cause inflation in the country that got least currency, so it's really important for each country to have it's own currency, so they have the power to control the inflation rate and their economic

n691309

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Quote from: dawnasor on November 02, 2016, 08:53:29 AM

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion. Cheesy

I think that the value of that only currency will be much higher than it is now and maybe the value would be like the dollar that was in 1913 which had a much higher value comparing with $1 today. But still people will trade things for things as the currency can't be always used.

Goldman Enterprises

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Do you mean as in One Fiat Currency? For example one "Earth" dollar. In that case Purchasing Power Parity would be wiped from existence since the price level in each country would be based on the supply of that good. It may work if the entire earth was aggregated into one entity with free trade since it would be based on the supply on the entire earth.

Radenz

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Quote from: dawnasor on November 02, 2016, 08:53:29 AM

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion. Cheesy

I think if only 1 currency available, inflation and deflation aren't a problem to everyone and also trading activity will be hard or even no trading activity around the world(currency trading).

crairezx20

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Well if we have only one currency i think there is no trading currency online like this .. but it is impossible to happen you will never experience this kind of question. . better this thread is on off topic..

Mastsetad

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Quote from: Blitzboy on November 02, 2016, 11:59:27 AM

Quote from: dawnasor on November 02, 2016, 08:53:29 AM

What do think if all nation use only a one currency?, What happen to our world?, What the effect of the nation's economy?, It can make people's start to work each other without competing others?Any opinion. Cheesy

If there is only one currency in the world, humankind on this planet will unite as one. There will be only one government, one country, one nation. And because of that, it will be easier for developing the Earth. And i think within a century, humankind can be able to explore and study universe which is far far away from Earth. We can find new species

These are just imaginations, but none of them can be true even if that one currency thing happens.
It will only make clashes between countries but nothing else, every country would fight for getting the control on that one currency and in a result the world will become much worse than now where humanity is seen very less these days.

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