Topic: What will happen if we use a one currency only? - page 12. (Read 4532 times)
Economic global conditions and associated with them would be monotonous if were only a single currency used by all countries in the world. The disadvantage for me is, i cann't do forex trading anymore.
for example if we use the dollar it will certainly be bad news to see the habits of the corruptors in Indonesia, they will never do small corruption. What if they later corrupted $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases. that is if we use only one currency, for example the dollar currency
Currency is just a agreement made by the government that it will pay equivalent value if asked in gold, and also I don't think that everyone will trade their currency entirely just for the currency of another country even the US too, so this can't happen in real life and it's hard to achieve than just talking about it. for example if we use the dollar it will certainly be bad news to see the habits of the corruptors in Indonesia, they will never do small corruption. What if they later corrupted $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases. that is if we use only one currency, for example the dollar currency
In my own opinion, if we only use a one currency i think the world will still be the same because only the currency has change. But i think it will be much better if we only have one currency because there will be less corruption in every country and there are no worries in exchanging your money. Countries will never agree to that. Governments need regional control and need a means to adjust this (by having their own currency) if everyone uses the same currency, there would be more unemployment and financial mayhem overall
I don't know why it would cause more unemployment. Yes it will bring a negative result but I think that is not unemployment. Work is not a problem but the pride of the people in the governments will be thinking this is kind of a slavery since they are using the same currency with bigger and more richer country. It will be ending up other countries using other currencies so this will not happen. Also, this will be showing the biggest corrupts on every country.
Countries will never agree to that. Governments need regional control and need a means to adjust this (by having their own currency) if everyone uses the same currency, there would be more unemployment and financial mayhem overall
This will create chaos. We have seen what has happened with the attempt to do this with the Euro. Some countries have very bad governments and their bad decisions will have a ripple affect on the other countries that are using their currency as a reserve currency. < They might pull the strong economies down, with their bad decisions >
You will also have a lot more conflict, because there will not be a single authority making all the monetary decisions < each country will have representatives for their countries and they will fight more over monetary policies >
You can have Bitcoin with no central authority, but countries will target developers to implement their monetary policies and agendas.
You will also have a lot more conflict, because there will not be a single authority making all the monetary decisions < each country will have representatives for their countries and they will fight more over monetary policies >
You can have Bitcoin with no central authority, but countries will target developers to implement their monetary policies and agendas.
Your question is different from what you have said in your main post. However, if this will happen that one currency will be used in the world, then there will be a good and bad side to it. Good side, is that transactions will be made easier and the bad side is that, there will have the one who will control it and poor will still be the poor. Nevertheless, that is just an example and I think this will not happen.
think your point is there will be an easy corruption if there is only one currency for all. Because there will be only one who controls the movement of the currency.
one currency only ? not crypto currency ? if you're talking about the fiat system. the world will be on a disaster because there will be an imbalance in the system that cause corruption and many bad motives on the system. i hope it will not happen i would go for one crypto but not on one fiat currency.
Unification of currency will breed corruption, chaos, greater poverty, hardship, backwardness. Is just like narrowing it down to communism and communism thrives more in an indigenous society and not heterogeneous. It will breed chaos. This my view anyway.
One currency for the whole world can only happen and can only be successfully implemented if there would also be ONE global government. And getting the whole world to unite can be a fantastic idea but it will only exist in our euphoric dreams...it will never happen for as long as humans are on the helms of the governments.
The issue here is not only economic but also sovereignty and that right to pursue our own different vision, mission and goals as a country. In fact, conflicts are arising because we have different views on many things and nobody in his right mind would allow anyone to trample on that right.
Human nature is such a big area to study and understood well though this is not discussed much these days but it has become one of the many underlying cores of the things happening right now all over the world.
If we are going to use one currency only then it is a great way to have a unity in the whole world because one currency means one nation and all the people are connected with one another and there will be no barrier like what we have right now and if that happen then a lot of people will become friendly and the war will not exist anymore.
This is the reason why greed countries wants to stop local Bitcoin exchanges . They want to control everything. Centralization will always lead to corruption, hate, and poverty thats why Satoshi nakamoto created crypto currency to give us freedom to this.
Unification of currency will breed corruption, chaos, greater poverty, hardship, backwardness. Is just like narrowing it down to communism and communism thrives more in an indigenous society and not heterogeneous. It will breed chaos. This my view anyway.
if we only use only one currency, no one would ever be confuse how to calculate money from different country transferred or brought to another. All money denomination would no longer have prints based on a country's history.
the world will be a better place for sure. We do not need to exchange our currency into local currency. And traveling from place to place will be much easier. However, it can never happen since the government wants to create their own currency without depending on other countries
I think this is a good thing, everything is flat and no one can dominate. one currency will make the transaction very easy and simple because it does not need exchange or a third party (strong currency).
corruption of a country already anticipates why with one currency what there is called with one currency let's just talk 1 bitcoin alone is worth thousands a state of corruption until bitcoin juice is able to create its own country
what happens if there is only one currency ? Whatever you use the currency, the nation would still have corruption appears, increasing inflation, tax problems ...., all depends on the Government, and how to solve the problems of each country.
I don't think that is possible, one just currency can't exist. It would make the life more easier and simple but this is not going to happen because countries still look at national currencies as a part of their sovereignity and something they will not give up. Even Bitcoin can't change that attitude.
for example if we use the dollar it will certainly be bad news to see the habits of the corruptors in Indonesia, they will never do small corruption. What if they later corrupted $ 50 million or even $ 1 billion. Countries will be dizzy to tackle such corruption cases. that is if we use only one currency, for example the dollar currency
To be honest the question is pretty confusing. You asked "what will happen if we use a one currency only?" which you mean is that, what happens if there is only one currency. Then you blurt out some non-sense on your main post.
If we only had one currency then there would be still the same problem. Poor countries will still be poor. It would just be easier though to travel and do crossboarder trades.
if ever we will use only one currency all over the world, most probably the economy will depreciate since now the value of money is the same.
The economy will not depreciate when using one currency. It's just that the rich will have more money, but the poor have less money. The use of one currency will not affect the economy.
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