We already have a global currency, its called the American dollar

[lxlxlxl]

I listen to some of these GOPers and FreeParanoiacs whine and cry about global currencies, but guess what most of the world already lives with - a currency that determines you and your countries fate under foriegn control.

The same argument applies to this idea that our banks must remain atonomous for OUR interest. What bullshit. Investment capital flys the flag when it is convenient only.

[Occam Bandage]

1. You misspelled "Euro."

:hi:

[NMDemDist2]

2. *snort*

:rofl:

[RB TexLa]

3. The G-20 has taken the first step to replace it with the IMF's SDR

thankfully this is getting legs.

[baldguy]

4. The de facto global currency is the milliondollar.

The US dollar is based on it, but it has about as much to do with what you deal with day to day buying you bread and paying your bills as does gold pressed latinum from Ferenginar.

[anaxarchos]

5. You mean it's not the Sterling?

Oops, wrong century.

[Oregone]

6. Yeah, except the dollar is not a global currency at all

[Old School Liberal]

10. It's fast losing that position, anyway

Unfortunately, when the recovery happens and money flows freely again, the inflation brought on by the stimulus package will diminish the dollar's value. The foreigners are already on this and the Chinese in particular are quietly getting rid of their US dollar reserves, and are currently in negotiations with Russia to establish a new global currency, with proposals ranging from a return to the Gold Standard to an old proposal by Keynes to establish the 'bancor', which would be backed by, I believe, around 30 commodities.

[soothsayer]

7. If oil ever moves away from the petrodollar, we're screwn

[MercutioATC]

8. Yeah. Something like 20% of the Dollar's value is because of it's use as the petro currency.

...and, for many countries, using the Euro actually makes more sense.

It's something I hadn't factored into my inflation predictions...

[ConcernedCanuk]

9. WOW - that statement is one sure way to alienate the other 200 countries in the World

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.
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USA is getting REAL good at alienating themselves from the rest of the World.

Funny that . .

As the USA continues to invade and dominate the rest of the Globe,

the USA is becoming more disliked, and irrelevant.

Their dollar will soon follow.

ALL empirical nations die.

When one sits down and really thinks about it, the USA has nothing the rest of the World really needs.

We just have to stay out of the way of that friggen War-Machine y'all got.

read that line above this and ponder again . . .

the USA has nothing the rest of the World really needs.

something to ponder

seriously

[Old School Liberal]

11. I'm not convinced

Why then, does Canada bother to export a thing at all to the United States?

[Kaleva]

12. "the USA has nothing the rest of the World really needs."

It has consumers.

[ConcernedCanuk]

13. Consumers are a "want", not a need - clean water, lumber for housing, animals for food/shelter,

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oil, gas and hydro for electricity

these are needs.

We got em

If the World closed in all around us, we have more than we need.

Not so with the USA

Why do you think the USA is so ferociously occupying the globe with its War-Machine?

Because the USA is not self-sustainable.

We are.

I believe that we ship more oil and gas to the USA than we consume ourselves.

And our lumber? - well the USA fought our tariff thing for almost a decade, despite WTO rulings in our favour, and our Harper let the USA off with a billion, yeah a BILLION dollar default on non-payment.

SO

who needs who here?

Sure, we can get lots of USAmerican toys, but food, electricity, oil, water etc.,?

We got more than we need.

We can live without the toys.