Hi vesta,
Where in the article it mentioned a Global Currency?
I think what the people were talking about was a reform of the waythe global market does business and the role of the IMF.
The only currencies that are in risk are the US dollar,because there are far toomany in circulation, based on nothing, only the need to have them to do international trade, and those currencies that are linked to the dollar forthe local economy. Brazil until recently was linked to the dollar, where the value of the Real was controlledso that it had a floor and ceiling in terms of value against the dollar. This was to control exports better so as not to make them too expensive and un competetive.
More countries arelooking more for the Euro as an international currency,making the dollar less important. The big difference between the Euro and thye dollar is that the Eurois backed by wealth, and the dollar is only based on need.
The Swiss franc is safe as it is also based on wealth.
Best regards,
Steve
Quote:
Originally Posted by vesta
Good morning all,
here is a link that we all need to review about the introduction of a 'new global currency' that the G8 will discuss during the emergency summit,
http://news.ninemsn.com.au/article.aspx?id=648580
it would seem the plan is unfolding right before our eyes, glad we're awake for all of this!
Blessings,
Vesta.
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