One World Currency?

United States
March 26, 2009 8:30pm CST
Are we moving toward one world order at a rapid pace? Recently in the news is a push from China for a stable world currency, I am no economist but this is sounding strange to me. "Because it has a significant investment in U.S. government bonds, China is concerned that its investments will be devalued as a result of inflation tied to U.S. economic struggles and the Obama administration’s stimulus and bailout spending. Along with some other countries, it has called for a global currency controlled by the International Monetary Fund that would be made up of a number of currencies and “achieve the objective of safeguarding global economic and financial stability." http://www.cbsnews.com/blogs/2009/03/26/politics/politicalhotsheet/entry4895110.shtml What do you think?
5 responses
• United States
3 Apr 09
You know, this world is moving rapidly away from God's plan but not his hand. Those who think that we need to merge with other nations so our currency is equal obviously don't know the reason for our economy. We set the wealth in this world, not China, not Europe, we have a free market, they don't. I don't think mixing their market with ours is going to solve any problems. It will take years to undo all this stupid crap that Dorkbama is doing.
@rockroy (65)
• Hong Kong
1 Apr 09
I think it is possible for a region in similar development level, such as European. It is impossible to be one world currency. There are about 190 countries on the earth, and they are in different development levels. If they use one currency, I think the computers cannot so large number, just like the thing happened in some country, the government has to cut some zeros with their currency.
@winzpc (2356)
• Indonesia
27 Mar 09
I think one world currency has the positive effect to all people in this world. But this idea won't be easy to successful beacuse there are several big economy country that have a popular and strenght own currency. So they won't quickly to accept this idea. But I just can hope that one day, our world will only have one currency so it will easy to make the free trade around the countries in this world. Keep post happy myLotting...
27 Mar 09
I wouldn't be surprised, look at the European currency already 16 countries with the same currency with new European countries joining every year!
• United States
27 Mar 09
I think that all of this is not surprising. There is so much going on now. Look at how the rest of the world is tossed about when the United States economy takes a dive. I do not blame them for wanting to step away from us and make the world economy a safer place for everyone. I do not think that that is such a good thing for the United States but fasten your seat belts, I think we are in for the ride of our lives.