NationStates Jolt Archive

I, for one, am sick and tired of looking at all these great shopping sites, only to find out that they are all in these funny foreign currencies. I mean, it shouldn't be that hard to implement a global currency. Besides, everyone will prosper. The poorer nations will have a currency that's actually worth something, people won't have to chuck out extra bucks just so they can make their money some other money, and everyone will be able to trade. Now that I think about it, the only people who might suffer are the banks(who make a profit off of conversions of money)

It may knock down barriers to trade, but as long as nations aren't forced to implement it.

Think about....who runs the banks?

The J00's!

That's right.... they ain't gonna do something that will hurt them..i should know.

We're better off closing down Taco Bells for their involvement in Waco.

Think about....who runs the banks?

The J00's!

That's right.... they ain't gonna do something that will hurt them..i should know.

We're better off closing down Taco Bells for their involvement in Waco.
That was a joke, right?

nah. im fine with everything being priced in either dollars or euros. (and a bit of british pound sterling here and there for fun)

No way!

I'm still angry that Germany got rid of the Mark. Currency is what makes a nation unique.

Croatia and Poland are about to expierence the same fate for their "Kuna" and "Zlotych" (respectively), which will soon be a Euro...

(Yes, I know it increases the economy and all that...)

No way!

I'm still angry that Germany got rid of the Mark. Currency is what makes a nation unique.

Croatia and Poland are about to expierence the same fate for their "Kuna" and "Zlotych" (respectively), which will soon be a Euro...

(Yes, I know it increases the economy and all that...)
Heh, I still have a few East German Marks.

It would make the current money obsolete so everyone would be poor. Besides it would never go through

No way!

I'm still angry that Germany got rid of the Mark. Currency is what makes a nation unique.

Croatia and Poland are about to expierence the same fate for their "Kuna" and "Zlotych" (respectively), which will soon be a Euro...

(Yes, I know it increases the economy and all that...)

You want to sacrifice progress, a better life, and better trade just so that some country can have some silly currency?

(BTW- I am a Polish-American. Even so, I'm happy that the Poles will join the Euro. Yay for progress!)

You want to sacrifice progress, a better life, and better trade just so that some country can have some silly currency?

(BTW- I am a Polish-American. Even so, I'm happy that the Poles will join the Euro. Yay for progress!)
Thats placing the society over the individual.

Personally I like different countries' coins and bills and such because they're pretty.
That's the only reason for having different currencies that I can see. And as long as currencies are based on the gold standard, on a larger level, it sort of is the same currency. Sort of. I think.
Ok, I admit it. Foreign currencies confuse me. I just like the pretty colors.

That was a joke, right?

No.... why would it be?


You can clearly see that the rattlesnakes organized waco so texas could gain independence from Taco Bell.....duh!
http://www.redcoat.net/pics/worldconspiracy.jpg

I'm still angry that Germany got rid of the Mark.
Same feelings here, but substitute Guilder. (Howdy, Eastern neighbour!)

Currency is what makes a nation unique.
Part of it, anyway...

low currency values aren't always a bad thing, look at japan in the late sixties through the eighties and early nineties, their currency was crap compared to the Dollar so they made crazy profits selling the americans cars,, thats waht singlehandedly boosted Japan into an economic world power.

Personally I like different countries' coins and bills and such because they're pretty.
That's the only reason for having different currencies that I can see. And as long as currencies are based on the gold standard, on a larger level, it sort of is the same currency. Sort of. I think.
Ok, I admit it. Foreign currencies confuse me. I just like the pretty colors.
Basing currency on the gold standard isn't very wise and I believe most nations don't that anymore.

And as long as currencies are based on the gold standard, on a larger level, it sort of is the same currency.
Too bad the gold standard was abolished a few decades ago, ne?

Too bad the gold standard was abolished a few decades ago, ne?

Well what are they all based on, then? Shoot, I don't know what anything is worth in my own currency, even.

You want to sacrifice progress, a better life, and better trade just so that some country can have some silly currency?

(BTW- I am a Polish-American. Even so, I'm happy that the Poles will join the Euro. Yay for progress!)

Secret: I'm actually more Polish than German. Shhhhh...

But really, no. The best idea would to have the world currency have a unique name in the country it's printed in, so that each country would have a different currency, but all have the same value so trade is easy.

Secret: I'm actually more Polish than German. Shhhhh...

But really, no. The best idea would to have the currency have a unique name in the country it's printed in, so that each country would have a different currency, but all have the same value so trade is easy.
I like that idea, but isn't that in a way a global currency?

Not unless we have a unified government to go along with it...I wouldn't like China to have control over my damn currency in the event of war.


See, that's the reason why the UK won't adopt the Euro. :) You think they care about their peacetime economy? Nooo....they're going to stab you all in the Normandy while you guys are worried about Pope Benedict shooting lighting bolts at the Italian army. ;)

If your confused about currency, go find a calculator. There are plenty of them. My currency, "the hair" went from the equivelent of .94 US dollars, to .55. But that is because of choices in Bad Economy. Many peoples nations have risen, due to action. So instead of complaining, just improve your economy!

Well what are they all based on, then? Shoot, I don't know what anything is worth in my own currency, even.

Most countries use what's know as fiat currency, which is essentially based on trust.

Fiat money or fiat currency, usually paper money, is a type of currency whose only value is that a government made a fiat (i.e. decreed) that the money is a legal method of exchange. Unlike commodity money or representative money it is not based in another commodity such as gold or silver and is not covered by a special reserve. Fiat money holds its value so long as holders of the currency feel that they can find an exchange partner for it at some later time. Fiat money, by definition, does not have any intrinsic value, nor is it backed by anything other than the confidence holders have in the economy which is covered by the government which decrees it to have value. Its value lies solely in the expectation of later use. As of 2004, most currencies in the world are fiat monies. However, the situation with major currencies, such as the euro, the United States dollar and the Swiss franc is more complex.
http://en.wikipedia.org/wiki/Fiat_currency

(Sorry if someone answered this already.)

If your confused about currency, go find a calculator. There are plenty of them. My currency, "the hair" went from the equivelent of .94 US dollars, to .55. But that is because of choices in Bad Economy. Many peoples nations have risen, due to action. So instead of complaining, just improve your economy!
This is in real life not in NationStates.

Personally I like different countries' coins and bills and such because they're pretty.
That... and, from a graphic designer's point of view (mine), the Euro has got to be the most God-awful, ugliest, most generic, bland currency on the planet. They just flat-out look like shit.

That... and, from a graphic designer's point of view (mine), the Euro has got to be the most God-awful, ugliest, most generic, bland currency on the planet. They just flat-out look like shit.

Which is why us Germans need the Mark back!

http://upload.wikimedia.org/wikipedia/en/c/cd/20_Deutschmark_note_3rd_Reich.jpg

Go back to the old times!

tls, check the earth ii thread

No way Jose!

I voted No.

Though I really haven't thought about such an idea. I'm trying to think it through what would happen to the way our economies run if we had a global currency.

Especially how would you equate how much things are worth.

FOr example: I doubt it's as simple as paying Chinese workers less that makes their market more competetive.

Not only do I think there should be only one currency, but there should also be one price for everything, and only one bill. That would make it much easier when you've had one too many beers and need to calculate the bill, change, tip, and all that.

If the one currency is the Deutschmark, then yes!

Consider:

If we were to have a global currency, there would be huge issues over who gets to print it, where, how, and how much. There would be constant bickering over nations over validity, security, and such. There would be scandals up the wazoo and considerable amounts of bad feelings.

We've got conversion rates. Things are right the way they are.


Most countries use what's know as fiat currency, which is essentially based on trust.


Yeah...oooh I remember this from economics class...it's money like our paper money...has no intrinsic value, but is worth what it is because the government says so. Comes from latin fiat, which is the verb fio, fieri...fiat being "let it be done." I'm sorry. I'm just so excited about finding something useful to do with what I learned in macroecon :-D


That... and, from a graphic designer's point of view (mine), the Euro has got to be the most God-awful, ugliest, most generic, bland currency on the planet. They just flat-out look like shit.


Then you just have fucking horrible taste. The euro is awesome, man, seriously...and colorful too.

:-P

Not only do I think there should be only one currency, but there should also be one price for everything, and only one bill. That would make it much easier when you've had one too many beers and need to calculate the bill, change, tip, and all that.

Thats moving closer and closer to socialism/communism, might as well have it as food coupons or something. How can a live cow be worth 1 dollar be the same equal value to a loaf of bread?

Well... if one of the many Dictator wantabees on NS takes over the world, then there's going to be one currency... The Hrvatski Kuna if it's Vineyard (who seems pretty confident).

Thats moving closer and closer to socialism/communism, might as well have it as food coupons or something. How can a live cow be worth 1 dollar be the same equal value to a loaf of bread?
Sell bigger loaves of bread. Easy.

And, anyway, how am I supposed to know? I'm not an economist, I'm just the guy with too many beers trying to figure out the bill.

Sell bigger loaves of bread. Easy.


But loaves of bread aren't a durable good. They expire. ANd you can't sell like 10 loaves of bread for 1 cow. How is the poor guy going to eat it. It's the problem with the barter system anyway.


And, anyway, how am I supposed to know? I'm not an economist, I'm just the guy with too many beers trying to figure out the bill.

:D I could use a beer.... *aihz*.

A global currency wouldn't work, sorry. It would only work if the world was so economically intergrated all countries went in and out of economic booms and busts at the same time. That's not what happens and isn't likely to happen soon. A global currency prevents countries from setting interest rates that are best for them. I even think the Euro was a bad idea. An interest rate that's good for Germany might not be good for Spain, but since they have a single currency they are stuck with a one size fits all policy. I think they should have waited 10 years and then considered it.

But, it shouldn't be too difficult to fix things so that when you are on the internet it will show prices in the currency of your choice. An automated low cost method of exchanging money would also be nice.