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Everyone uses the same kind of money, trade barriers eliminated, LEDCs get a little richer.
same concept
http://www.halfbake...eal_20Globalisation
There ara a couple of other similar ideas, mostly inthe annos [rbl, Apr 12 2002, last modified Oct 04 2004]
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and is this currency magnetic? re your other ideas. |
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Everyone can wear the same uniform, too. |
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[bliss] don't the coins melt in your pockets? (personally I'd eat all my money). Is your boyfriend short and elvish? |
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Good luck trying to get people to give up their heritage, and good luck regulating such a thing. |
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Different countries / different currency bases, have an interest in keeping separate currencies. For example, right now the Argentinian peso is very devalued in comparison with the US dollar. If your plan were to go into effect today, the entire Argentinian economy would be locked into a devalued state.
That's just one example. The point is, differences in currency valuations reflect differences in economic strength.
To get all currency bases to agree to this, each would have to achieve some acceptable level of exchange value with an objective standard (often cited as the US dollar). Not likely to happen that ALL would be at such a level at the same time.
Fishbone |
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Hmmm... has eddidaz been paying attention to what is happening in the EU? Is eddidaz actually Gerhard Schroeder in disguise? |
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Have none of you heard of the Euro in use in the EU? This would just be on a larger scale involving all the countries in the world. It could also deminish tax evasion... |
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"diminish" eddidaz. And no it wouldn't. |
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Yes, we have heard of the Euro. Admission to "Euroland" is dependent on the nation n question meeting stringent economic tests. Many of the nations in Europe had a difficult time satisfying those tests. Without such tests, the Euro would have been (more of) a disaster. There is no way that every country in the world is capable of meeting such economic standards. |
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And how, exactly, would it diminish tax evasion? |
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They're also young. You forgot young. :) |
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It's a nice idea, but like others have pointed out, who would regulate it? I think the U.S. and Canada might have a go at a common currency, but even that would be a difficult endeavor. |
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Britain isn't going in on the Euro deal because they wouldn't put a picture of the queen on the currency. |
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we are probably already in there. they have just omitted to tell anyone |
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Bollocks ishotpac! The UK and every singlenation in euroland can print what they like on the reverse of the coins. We also have the permission to add the queen to the banknotes printed in Britain. That whole thing was ensured under Thatcher. The reason the Britain isn't joining the single european currency is, in my opinion, economic and geographical. The pound is strong, why ruin it by joining with crappy economies like Spain and France. The only strong economy in the eurozone is Germany, and they are actually working to a budget in the red. So once Germany goes down, there you've buggered a continent. The geographicalreson is that BRITAIN IS AN ISLAND. i.e, we are not part of the europen continent and so don't share the same intangibles, for want of a better word. Also Britain doesn't have a gret history of getting its hands dirty with European affairs. We liked the empire. If Britain steeped in in european affairs, the country in question knew it was in trouble. So no ishotpac, you are wrong. |
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[sctld] how come you are on first name terms with ishotpac? I think I understand what you are saying - Lets just tell Blair then shall we? |
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The only time Britain got involved in European affairs is when pestered by a European country. But wait, then the Conservatives came along... |
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Belgiums neutrality was guaranteed by treaty and was signed by representatives of Britain, France, Germany and a host of other countries. When Germany invaded Belgium, Britain had to act because of the clauses in the Treaty. So war was declared against Germany. If Germany had invaded via Metz Britain wouldn't havecared and Germany would've walked all over France. But nooooooo, they have to go through Belgium and pester the British. That plus we had an Empire to run, and trade to protect. |
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I think you may be on a hiding to nothing here sctld. So the UK's involvement in the first world war was entirely down to Germany invading Belgium? That is a very naive view of the political tensions at the time. |
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If Germany hadn't invaded Belgium there certainly would have less chance of Briatin getting involved. Belgium was most likely a 'final straw', after the naval arms race, which Britain of course saw as a threat to the empire. |
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I didn't say Belgium was the only reason, but it certainly was the deciding one. |
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Quarterbaked idea from eddidaz |
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There are two big reasons Britain isn't in the Eurozone.
Firstly political fear from a newish labour government, secondly the pound is far too strong, it needs to come down a lot to make its position sustainable long term. With membership of the Euro comes agreement to maintain the value, if the pound started to fall the british government would have to buy sterling very heavily to maintain the value on the market which could cost billions. This happened when we fell out of the ERM under conservative rule caused by massive selling short of sterling by an American market player, forget his name but he made a huge fortune and we lost our shirts. Remembered his name-George Soros |
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IvanIdea: [...he made a huge fortune and we lost our shirts.] |
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We still have those shirts, btw, and are planning to back our currency with them -- our banknotes will come in small, medium, large, and extra-large denominations. It's a true "uniform" economy :) |
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