New World Wide currency?

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Dark-Sithious

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#1 Dark-Sithious
Member since 2008 • 3914 Posts

China and Russia calls for a newGlobal Currency, America is on the fence.

Do you think a new Global Currency will emerge?

And are you for or against it, and why?

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EVOLV3

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#2 EVOLV3
Member since 2008 • 12210 Posts

Seems like an extemely flawed idea.

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194197844077667059316682358889

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#3 194197844077667059316682358889
Member since 2003 • 49173 Posts

China and Russia calls for a Global Currency, America is on the fence.

Do you think a new Global Currency will emerge?

And are you for or against it, and why?

Dark-Sithious
That's not at all what they are calling for; they are calling for the dollar to be replaced as the global reserve currency.
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Bloodaxe726

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#4 Bloodaxe726
Member since 2007 • 7903 Posts

I like the idea, though if one economy fails so does every other economy in the world moreso than now.

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Infinite-Zr0

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#5 Infinite-Zr0
Member since 2003 • 13284 Posts
Well the Euro seems pretty strong. I wouldn't be against it, but I'm afraid that China and Russia would do something to screw over the other countries involved.
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Dark-Sithious

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#6 Dark-Sithious
Member since 2008 • 3914 Posts

[QUOTE="Dark-Sithious"]

China and Russia calls for a Global Currency, America is on the fence.

Do you think a new Global Currency will emerge?

And are you for or against it, and why?

xaos

That's not at all what they are calling for; they are calling for the dollar to be replaced as the global reserve currency.

Yes, that's what I wrote, hence "new"

I seem to have forgotten it in the first sentence, but you can read the topic title can you?

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194197844077667059316682358889

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#7 194197844077667059316682358889
Member since 2003 • 49173 Posts

[QUOTE="xaos"][QUOTE="Dark-Sithious"]

China and Russia calls for a Global Currency, America is on the fence.

Do you think a new Global Currency will emerge?

And are you for or against it, and why?

Dark-Sithious

That's not at all what they are calling for; they are calling for the dollar to be replaced as the global reserve currency.

Yes, that's what I wrote, hence "new"

I seem to have forgotten it in the first sentence, but you can read the topic title can you?

It does not mean a "new world wide currency"; reserve currency has a very specific meaning
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ferrari2001

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#8 ferrari2001
Member since 2008 • 17772 Posts
Nah, I like the Dollar, it's green, and green is good!
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Snakewiseman

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#9 Snakewiseman
Member since 2009 • 1287 Posts
that sounds alot like the end times in the bible
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Dark-Sithious

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#10 Dark-Sithious
Member since 2008 • 3914 Posts

[QUOTE="Dark-Sithious"]

[QUOTE="xaos"] That's not at all what they are calling for; they are calling for the dollar to be replaced as the global reserve currency.xaos

Yes, that's what I wrote, hence "new"

I seem to have forgotten it in the first sentence, but you can read the topic title can you?

It does not mean a "new world wide currency"; reserve currency has a very specific meaning

Well, that might be. I'm only quoting from the media and US officials.

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Xx_CYC756_xX

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#11 Xx_CYC756_xX
Member since 2005 • 2388 Posts
Precious metals have worked pretty good for quite a while now.
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nocoolnamejim

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#12 nocoolnamejim
Member since 2003 • 15136 Posts
[QUOTE="Dark-Sithious"]

China and Russia calls for a Global Currency, America is on the fence.

Do you think a new Global Currency will emerge?

And are you for or against it, and why?

xaos
That's not at all what they are calling for; they are calling for the dollar to be replaced as the global reserve currency.

Yeah. This. This whole controversy about the dollar being replaced in the U.S. is completely made up. It is a sign of how completely bat **** crazy the folks pushing the idea is. Take a step back and consider for a moment. If anyone in the Obama administration had seriously pushed this idea, don't you think it would be EVERYWHERE in mainstream circulation? Right now the dollar is the reserve currency for a lot of foreign countries, since, traditionally, our economy has been very robust and stable. That isn't the case currently. Some countries are talking about using a different currency as their reserve. Which is something we have ZERO control over. Nobody is suggesting we turn the U.S. currency into rupees or something.
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quiglythegreat

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#13 quiglythegreat
Member since 2006 • 16886 Posts
China is basically kidding. Don't worry about it.
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-Sun_Tzu-

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#14 -Sun_Tzu-
Member since 2007 • 17384 Posts

They are calling for a global reserve currency; the U.S. or any other country for that matter is not going to be forced to change their currency if this were to happen.

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killer336

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#15 killer336
Member since 2007 • 2816 Posts

I wonder if this is China and Russia's idea of an April Fools joke

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Dark-Sithious

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#16 Dark-Sithious
Member since 2008 • 3914 Posts

They are calling for a global reserve currency, not a new global currency like the Euro.-Sun_Tzu-

A globak reserve currency( orcurrencies)already exists, so they are calling for a new one. If that is the Euro, something else, or a totally new currency is unknown.

The latter seems more likely as they wouldn't really need to call for a new currency if they were just going to use Euro

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Dark-Sithious

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#17 Dark-Sithious
Member since 2008 • 3914 Posts

They are calling for a global reserve currency; the U.S. or any other country for that matter is not going to be forced to change their currency if this were to happen.

-Sun_Tzu-

No ofc not, I'm not suggesating that either, but they are suggesting that the dollar should be replaced as a global currency

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Dark-Sithious

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#18 Dark-Sithious
Member since 2008 • 3914 Posts

[QUOTE="xaos"][QUOTE="Dark-Sithious"]

China and Russia calls for a Global Currency, America is on the fence.

Do you think a new Global Currency will emerge?

And are you for or against it, and why?

nocoolnamejim

That's not at all what they are calling for; they are calling for the dollar to be replaced as the global reserve currency.

Yeah. This. This whole controversy about the dollar being replaced in the U.S. is completely made up. It is a sign of how completely bat **** crazy the folks pushing the idea is. Take a step back and consider for a moment. If anyone in the Obama administration had seriously pushed this idea, don't you think it would be EVERYWHERE in mainstream circulation? Right now the dollar is the reserve currency for a lot of foreign countries, since, traditionally, our economy has been very robust and stable. That isn't the case currently. Some countries are talking about using a different currency as their reserve. Which is something we have ZERO control over. Nobody is suggesting we turn the U.S. currency into rupees or something.

Ofc, but as far as I can see it the EU doesn't really have a stable economy either, so I can't imagine they using that, or any othercurrentcurrency. If they are pushing this through, I think it would be best to create a new currency.

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MagusAugury

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#19 MagusAugury
Member since 2009 • 366 Posts

It might be the beginning of the end if they do this.

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-Sun_Tzu-

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#20 -Sun_Tzu-
Member since 2007 • 17384 Posts

[QUOTE="-Sun_Tzu-"]

They are calling for a global reserve currency; the U.S. or any other country for that matter is not going to be forced to change their currency if this were to happen.

Dark-Sithious

No ofc not, I'm not suggesating that either, but they are suggesting that the dollar should be replaced as a global currency

As a global RESERVE currency. There is a very stark difference between the two.
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Dark-Sithious

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#21 Dark-Sithious
Member since 2008 • 3914 Posts

[QUOTE="Dark-Sithious"]

[QUOTE="-Sun_Tzu-"]

They are calling for a global reserve currency; the U.S. or any other country for that matter is not going to be forced to change their currency if this were to happen.

-Sun_Tzu-

No ofc not, I'm not suggesating that either, but they are suggesting that the dollar should be replaced as a global currency

As a global RESERVE currency. There is a very stark difference between the two.

Oh noes I forgot reserve, shoot me :o

The dollar is pretty much a global currency as it is the international pricing currency for gold oil etc

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-Sun_Tzu-

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#22 -Sun_Tzu-
Member since 2007 • 17384 Posts

[QUOTE="-Sun_Tzu-"][QUOTE="Dark-Sithious"]

No ofc not, I'm not suggesating that either, but they are suggesting that the dollar should be replaced as a global currency

Dark-Sithious

As a global RESERVE currency. There is a very stark difference between the two.

Oh noes I forgot reserve, shoot me :o

The dollar is pretty much a global currency as it is the international pricing currency for gold oil etc

grrrrrrr...why can't you just call it a reserve currency :cry:

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Dark-Sithious

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#23 Dark-Sithious
Member since 2008 • 3914 Posts

[QUOTE="Dark-Sithious"]

[QUOTE="-Sun_Tzu-"] As a global RESERVE currency. There is a very stark difference between the two. -Sun_Tzu-

Oh noes I forgot reserve, shoot me :o

The dollar is pretty much a global currency as it is the international pricing currency for gold oil etc

grrrrrrr...why can't you just call it a reserve currency :cry:

Ok sorry :(

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nocoolnamejim

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#24 nocoolnamejim
Member since 2003 • 15136 Posts

[QUOTE="-Sun_Tzu-"][QUOTE="Dark-Sithious"]

No ofc not, I'm not suggesating that either, but they are suggesting that the dollar should be replaced as a global currency

Dark-Sithious

As a global RESERVE currency. There is a very stark difference between the two.

Oh noes I forgot reserve, shoot me :o

The dollar is pretty much a global currency as it is the international pricing currency for gold oil etc

That is not a trivial point to leave out. The key difference is, we have ZERO ability to impact what other countries use as a reserve currency. Right or wrong, other countries describe for themselves what they want to use as their currency reserve based on their own best interests. This does NOT equate to the U.S. abandoning the dollar as its currency in return for some yet to be determined global currency. Nobody. Not me. Not you. Not Obama. Not anyone in the Senate or Congress is suggesting that we change the U.S. currency from the dollar to something else.
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Dark-Sithious

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#25 Dark-Sithious
Member since 2008 • 3914 Posts

[QUOTE="Dark-Sithious"]

[QUOTE="-Sun_Tzu-"] As a global RESERVE currency. There is a very stark difference between the two. nocoolnamejim

Oh noes I forgot reserve, shoot me :o

The dollar is pretty much a global currency as it is the international pricing currency for gold oil etc

That is not a trivial point to leave out. The key difference is, we have ZERO ability to impact what other countries use as a reserve currency. Right or wrong, other countries describe for themselves what they want to use as their currency reserve based on their own best interests. This does NOT equate to the U.S. abandoning the dollar as its currency in return for some yet to be determined global currency. Nobody. Not me. Not you. Not Obama. Not anyone in the Senate or Congress is suggesting that we change the U.S. currency from the dollar to something else.

No, no, it does not equate to that. But China and Russia calls out for a new global reserve currency regardless. What the US does, or if it does anything at all is unknown.

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nocoolnamejim

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#26 nocoolnamejim
Member since 2003 • 15136 Posts

[QUOTE="nocoolnamejim"][QUOTE="Dark-Sithious"]

Oh noes I forgot reserve, shoot me :o

The dollar is pretty much a global currency as it is the international pricing currency for gold oil etc

Dark-Sithious

That is not a trivial point to leave out. The key difference is, we have ZERO ability to impact what other countries use as a reserve currency. Right or wrong, other countries describe for themselves what they want to use as their currency reserve based on their own best interests. This does NOT equate to the U.S. abandoning the dollar as its currency in return for some yet to be determined global currency. Nobody. Not me. Not you. Not Obama. Not anyone in the Senate or Congress is suggesting that we change the U.S. currency from the dollar to something else.

No, no, it does not equate to that. But China and Russia calls out for a new global reserve currency regardless. What the US does, or if it does anything at all is unknown.

Yes and no. If anyone of any significance in the U.S. was supporting the idea of a global currency, then I would agree with you that it might be an open question. Since absolutely nobody in any sort of position of authority in the U.S. has been pushing the idea, then I would consider this a complete non-issue. If and when there is any sort of legislation pending, any sort of key political figure is talking about this, etc. I'll reclassify this issue as an unknown.
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ttobba07

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#27 ttobba07
Member since 2005 • 2396 Posts

One step closer to reuniting Pangea.

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remmbermytitans

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#28 remmbermytitans
Member since 2005 • 7214 Posts
China and Russia can keep crying all they want. The dollar is going through a rough year, in a year or two, it should be back to the way it used to be.
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McJugga

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#29 McJugga
Member since 2007 • 9453 Posts

Yeah. This. nocoolnamejim

No. This.

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Derek1177

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#30 Derek1177
Member since 2008 • 342 Posts

I dont really care as long as the dollar is the new form of currency.

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Tjeremiah1988

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#31 Tjeremiah1988
Member since 2003 • 16665 Posts
that sounds alot like the end times in the bibleSnakewiseman
it sure does.
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Derek1177

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#32 Derek1177
Member since 2008 • 342 Posts

One step closer to reuniting Pangea.

ttobba07

lol :P