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Edward Gonzalez

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Creating a global currency

Government currency as we know it today is a perceived value. We work and are paid based on the perceived value of our work. We pay for products on the perceived value of those products or services. When an economy or government experiences trouble the perceived value of their currency is impacted as well. This can be dissuaded by establishing a global currency. With the advent and growing use of Bitcoin, how long before currency comes in only one form. The Euro is a great example on how many countries can agree to work on one standardized form of currency. With the increase of trade among nations and the internet making it easier for consumers to buy products online developing a standard global currency makes sense.

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  • Aug 7 2013: Hi,

    My name is Vincent and I like this subject so I will give my opinion about this:

    One currency is impossible. When this happen there will be no economy anymore. Only countries like USA and Canada will survive because they can make everything inside the country. Other countries have to buy it and will export less, because they pay everywhere the same price. There is no normal competition between coutries and companies.
    • Aug 8 2013: A single currency does NOT mean a single price. IT DOES NOT MEAN THAT! The USA does not have "a single price" for goods across the country. Prices can fluctuate wildly within a single currency.
      • Aug 8 2013: Prices will not fluctuate. Let me explain. Price of coffee in USA in dollars... maybe you can buy it in Brazil because you have a pofit with the different forex price. But when there is one currency you can't make that profit.....
        • Aug 9 2013: Prices WILL fluctuate. Let me point to this little thing called "reality", which you seem to pretend does not exist. Within the USA, which has ONE CURRENCY, prices fluctuate. All within ONE market, that has ONE CURRENCY. The prices still fluctuate. HAVING ONE CURRENCY HAS NOT STOPPED PRICES FROM FLUCTUATING WITHIN THE USA. I use all caps to make sure that you get the point, since simply pointing out this little thing called "the real world" doesn't seem to make a dent in your little dogma. Prices fluctuate within a single currency. Prices fluctuate across the Euro-zone. Prices fluctuate across the USA. Prices fluctuate. Having a single currency DOES NOT CAUSE PRICES TO FLUCTUATE.

          WITHIN THE USA, WHICH HAS A SINGLE CURRENCY, PRICES STILL FLUCTUATE WITHOUT FOREX BEING INVOLVED AT ALL.

          What planet are you from, and how long have you been living on Earth, because anyone who has lived on this planet for more than a week should already know that prices can fluctuate within a single country without any influence from forex.

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