NationStates Jolt Archive

With more and more countries coming in, I believe that an international currency should be in order. It would be excellent for the global economy. Please give us your input.

We, the FLOT, are proud of our national currency, the Phoenix, and do not wish to trade it in for a universal currency.

Quite frankly, I think a lot of poor civil rights freak nations masturbate to our fatass dirty dollar. Why would I want such a weak nation to share the worth of my currency? Or why would a nation more powerful then me want me to share theirs?

Andruil also rejects the idea of a global currency for... more intellectual reasons. We feel that the creation of an international currency will completely erode our economic sovreignty, keeping our economy from growing unless all economies in the UN grow. Frankly we feel that the majority of nations do not have good fiscal responsibility, and we would rather not fund their downward spiral into depression.

How do you establish what one country makes relative to another?

We been usin' IOU's for as long as anyone can remember. Ya go and change that and make us convert it all over and y'all's gonna have a mess-load of angry Alabammians on yer hands.

Cause we ain't much good at math.

-Prez Billy Bob Hicklee

This is a good idea but wouldn't work because of the huge differences economically and other between all the countries.

We fart on your global currency

Hahahahahaha!!!!!!

Hahahahahaha!!!!!!

What's so funny?

Hahahahahaha!!!!!!

What's so funny?

You know what I think is funny? The fact that my countries currency is stronger then a lot of socialist liberal nations with crappy economies, and the fact that other nations with huge economies have a stronger currency then me. I don't want some other country basing their economy on my currency nor do other countries want me using their currency. Won't this just cause economic havoc?

Bubba Gump shrimp-Forest Gump, classy film

we disagree wholeheartedly with this resolution. Why should we give up the Bayortan pound for some foreign currency that will make us weaker?

We would accept this proposal but only if the global currency could be a fruit, preferably one which tastes nice.

Currency is a big pile of dog S***

Currency is a big pile of dog S***

That must be rather inconvienient. Most of my business transactions are done with credit cards, though we also use physical Aurei.

Please correct me if I am wrong about this, but my understanding is that nations with the same currency cannot pursue individual monetary policy. I ask this because I have read that Germany's economy is having difficulty in part because of their inability (under the agreement they enterred into by joining the EU) to manage their interest rates the way they would need to in order to avoid deflation. I am not an expert on these issues by any means, but it makes sense to me that centralizing monetary policy decision making in a way that restricts the way a diverse group of economies can manage themselves could be a bad thing.

Perhaps, it should not be universal currency, and maybe just reagional currency. Because to be fair, if you are in a region, then, you stand for what that perticular region stands for and represents. Should you not then share the currency as well?

If not, meh, our nation is very content with our flink.

Hahahahahaha!!!!!!

What's so funny?

You know what I think is funny? The fact that my countries currency is stronger then a lot of socialist liberal nations with crappy economies, and the fact that other nations with huge economies have a stronger currency then me. I don't want some other country basing their economy on my currency nor do other countries want me using their currency. Won't this just cause economic havoc?

:roll: ......................That's what I said myself! Read my post above!

It's so easy to change currency nowadays that a global currency really isn't necessary. It prevents different economies from setting their own monetary policies. Now, after free trade finally kills off the remnants of socialism and we merge into a true global economy, then we can have a single global currency. But not now.

This is a good idea but wouldn't work because of the huge differences economically and other between all the countries.

It could work, but you can't oblige a global currency. If nations would be able to introduce this global currency on a voluntary basis it could have success.

In my opinion the Idea of a global currency is a step in the completly wrong direction. One global currency is perhaps the aim of the industry, but they also make profit by several currencys. IMHO there should be a worldwide tobin-tax (tax on currency trading)

IMHO there should be a worldwide tobin-tax (tax on currency trading)

Hmm, nice idea. Why not making a proposal concerning this topic? :|

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not UNIVERSAL!!!
REGIONAL :D perhaps everyone should just discuss within their own regions

SOME regions already have that.

IMHO there should be a worldwide tobin-tax (tax on currency trading)

Hmm, nice idea. Why not making a proposal concerning this topic? :|

Please go mahead, since I am a complete newbie!

yes, but all major regions should. It would help maintain the economy of each region steady. Helping out the world's economy in the end!

I do not think a regional (but international) currency is a good idea.
There are regional crises and a country may want to use econic and currency related messures (Japan does regularly). National currencies provide these measures.