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World currency 
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Joined: Wed Dec 31, 2003 12:12 pm
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Post Number:#1  Post World currency
Hi folks,

Looks like the world currency movement is building momentum!

Hadn't known about Russia and France as well as China supporting one...

http://www.google.com/hostednews/afp/ar ... iPA0kxLedQ

The unity in diversity that will benefit you and me is going to come, like it or not, and no matter the setbacks...

Brett


Sat Jul 11, 2009 6:48 pm
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Post Number:#2  Post Re: World currency
Howdy all,

It just gets better...

Now a United Nations agency has recommended a global reserve currency and international monitoring regime as by the IMF...

http://blogs.telegraph.co.uk/finance/ed ... -too-late/

http://www.telegraph.co.uk/finance/curr ... ollar.html

http://www.bloomberg.com/apps/news?pid= ... p9VoPeHquI

Even if, as the blog above suggests, the proposal may be coming too late, as the same blog also suggests, we're one important step closer when another such crisis comes around as it no doubt will if political will cannot be mustered now...

Hopefully we'll even get a bona fide international currency going sooner rather than later--I know I'd look forward to not having to exchange money (or get confused by local currencies, especially with changeable rates) and a reduction in stubborn and self-defeating nationalism such a change would cause just by its psychological impact (though, as with all major Baha'i proposals for greater unity-in-diversity, we have to get a greater measure of unity (or suffering) in order to get the unifying institutions in place--and, perhaps, additional reforms of the IMF structure would need to occur in order for people, especially in developing nations to trust it more, though I understand some such progress is already under way)...

best wishes,
Brett


Mon Sep 07, 2009 8:50 pm
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Location: UK
Post Number:#3  Post Re: World currency
I think it will take a long time for people to get used to it.

If someone quotes an amount in Euros it still makes no sense to me and I have to convert it into £ or $

_________________
"I have desired only what Thou didst desire, and love only what Thou dost love"


Thu Sep 17, 2009 1:41 pm
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Post Number:#4  Post Re: World currency
When I return to the U.S. for visits, I have a hard time remembering what things cost in a different unit. For those of us straddling borders, we can far more easily get used to if there is only one currency in the world to remember.

And even one full generation is not really a "long time" in the scheme of things, as long as the next generation is given a chance to be weaned off of the old way.

The metric system is I think a more painful change as far as the average person appreciating proportionality, though it looks like the U.S. is increasingly being left alone (the other holdouts Burma/Myanmar and Liberia are already supposedly metricating to a good degree: http://en.wikipedia.org/wiki/Metrication ), though even in the U.S., with some areas of regression (as with the U.K. and E.U.), there is also progress (see the same article).

Here's a quotation from Shoghi Effendi about such a system's eventual inevitability and benefits:

Quote:
"...a uniform and universal system of currency, of weights and measures, will simplify and facilitate intercourse and understanding among the nations and races of mankind."

(Shoghi Effendi, World Order of Baha'u'llah, p. 203)


best wishes,
Brett


Thu Sep 17, 2009 9:01 pm
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Post Number:#5  Post Re: World currency
The tax wars rage on

Tuesday, January 05, 2010

The Hillsboro Argus

http://www.oregonlive.com/living/argus/ ... xml&coll=6

Tax wars have been raging all over the world, dating back to Biblical times.

"And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.

And Joseph also went up from Galilee, out of the city of Nazareth, into Judea, unto the city of David, which is called Bethlehem ... To be taxed with Mary, his espoused wife, being great with child ... And she brought forth her firstborn son, and wrapped him in swaddling clothes and laid him in a manger; because there was no room for them in the inn."

Not that it has anything to do with taxes, but one of the questions I ponder from time to time is the reason God chose the Middle East, that troubled part of the world that has been in conflict for centuries, for the founding of three of the world's major religions - Judaism, Christianity and Baha'i.

In addition, ...

/// end \\\

dh note ... found the article interesting in the fact that Baha'i is mentioned in context of "three" of the world's major religions , and totally discounts islam by not mention ... wow ... also ... the subject of "taxes ... interesting topic ... also ... it would be interesting if the first world tax is credited to Caesar Augustus ... ... interesting ... i am thinking about creating some you tube videos ... maybe late late this month ... taxes ... lol ... a LARGE part of life .... smile


Wed Jan 06, 2010 11:50 pm
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Post Number:#6  Post Re: World currency
UN to produce bullion coins as world currency

http://74.125.153.132/search?q=cache:Tt ... m-Examiner

December 15, 7:38 PMVancouver Humanism ExaminerDwight Jones

The announcement by the United Nations this week that it will license the minting of silver and gold bullion coins bearing the UN logo may be the button that launches metal prices into orbit.

In its wide-ranging report this fall, the UN Conference on Trade and Development (UNCTAD) stated that the system of currencies and international banking practices within today’s economies were inadequate, and responsible for the present economic crisis. The report advocates that the present monetary system, wherein the dollar acts as the global reserve currency be re-examined “with urgency”.

The UNCTAD Report was the first time a major multinational institution had forwarded such a suggestion or measure, although a number of countries, including Russia and Brazil have supported replacing the dollar as the world's reserve currency. China's central bank chief Zhou Xiaochuan has mentioned that the dollar could become a basket of currencies instead.

The UN commission dismissed such a widening, saying a multiple-country system "may be equally unstable, and not transparent."

The panel is seeking more monetary balance for developing countries, and a means for them to retain their reserves and domestic savings independent of foreign agencies and arrangements.

Panel Chair US economist Joseph Stiglitz, a Nobel economics laureate, has made plain that there was "a growing consensus that there are problems with the dollar reserve system. Developing countries are lending the United States trillions dollars at almost zero interest rates when they have huge needs themselves," Stiglitz stated.

"It's indicative of the nature of the problem. It's a net transfer, in a sense, to the United States, a form of foreign aid."

A report contributor, Detlef Koffe, concluded that "Replacing the dollar with a bullion currency would solve some of the problems related to the potential of countries running large deficits and would help stability,"

US Fed spokesperson Patrick Paulsen acknowledged that there could be some strong reaction in the US to the global currency, and that it would “…be viewed as a step toward a New World Order. But those same people have probably lost patience with the money-changers as well.”

He clarified that he would “…nonetheless anticipate that the western currencies will continue to depreciate, given Asia’s ascendancy in trade and manufacturing, to find their own value and enable their economies to compete. This is a UN perogrative we cannot and should not control, it’s returning to what we had with Bretton-Woods.”

The UN decided to provide a “public option” savings currency, whereby currency mints will be licensed to mint two kinds of bullion coins the size of the 1€ coin - the Uno (silver ~$5) and the Oro (gold, ~$500). The names were adopted from the book “The Humanist”, which foresees the UN being better funded by 2015 via its licensing fees, expected to be 10-15%.

The coins have a marker chemical in them that enables their authentication and processing by modified retail ATM and exchange machines in Europe, which will be distributed globally. Any licensee, public or private, can produce such bullion coinage under contract. The United Nations is doing no more than what most countries do already, except that the value of its coins will reflect their bullion weight.

Armand Dufour of the European Bank welcomes their introduction. “People have enough Fiat currency options, government and banks cannot intrude on bullion coins – they will have their own inviolable value.”

He does have one concern, however. “If we see a dismounting from the US dollar, as is inevitable in the main view, there will be a strong move to the Oro, which may drive its price up to the point where governments will not allow its circulation; they will try to isolate it.”

“That’s when the fun begins.” he said.

///end\\\

dh note ... see my follow up post below


Wed Jan 06, 2010 11:58 pm
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Post Number:#7  Post Re: World currency
dh note : .... google , or some entity , is trying its' best to "pull" this story ... almost every link to the "story" comes up with 404 ... odd ... also ... the use of gold/silver is more of a "local" issue more than a "global" issue ... it is likely that the usa will use digital currency thus silver/gold becomes of limited use within the territory ... other areas like europe has a long history of using silver/gold and thus that area may find those items useful again ... ... also ... war torn areas may find silver/gold useful to change into "military scrip" ie it is suspected that australia may encounter various personal dragons that au/ag could be traded for life,liberty ... ??? ... the issue really becomes "...a uniform and universal system of currency ... " ... .... .... we encourage discussion of the idea ... ... we suggest eventually the iraq dinar will trade as the most stable of all currency ever known to man , because of "taxes" and because of the iraq dinar may {will} be linked to a basket of commodities {oil,coffee,tea,wheat,tobacco?,silver,gold,..??..} ... ... as we await for the dinar to take center stage , we can speculate that food and water will be major issues ... along with "local" scrip , based upon local "taxes" and military "scrip" based upon the use of force ... ... anyway such are our thoughts at this time


Thu Jan 07, 2010 12:15 am
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Location: Rockville, Maryland, USA
Post Number:#8  Post Re: World currency
Greetings!

onepence~2 wrote:
[b][size=150]... the Middle East, that troubled part of the world that has been in conflict for centuries, for the founding of three of the world's major religions - Judaism, Christianity and Baha'i.


Four religions: Islam also came from this area.

Peace, :-)

Bruce


Thu Jan 07, 2010 8:59 am
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Post Number:#9  Post Re: World currency
Sarkozy says world currency disorder unacceptable

Thu Jan 7, 2010 5:49am EST

http://www.reuters.com/article/idUSLDE6 ... arketsNews

Disorder among world currencies has become unacceptable and France intends to make it a major subject of its presidency of the G8 and G20 in 2011, President Nicolas Sarkozy said on Thursday.

France has been at the forefront of European complaints about the strength of the euro against other currencies.

It is the second time in as many days that Sarkozy has called for currency issues to be at the centre of international economic discussions.

"The monetary disorder in the world has become unacceptable," he said in a speech to an economic conference.

"Currency disorder is a major issue that France will bring up when it presides at the G8 and the G20 in 2011. There cannot be financial, economic and social order until we put an end to currency disorder."

...

...


Thu Jan 07, 2010 1:37 pm
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Post Number:#10  Post Re: World currency
UN Gold Hoax Muddies The Waters Of Real Move Towards Global Currency

Paul Joseph Watson
Prison Planet.com
Monday, January 4, 2010

http://www.prisonplanet.com/un-gold-hoa ... rency.html

A recent announcement by the United Nations that it will begin to mint gold and silver bullion coins bearing the UN logo has raised fears that a new global currency is being readied to replace the dollar, but the story is likely to be a hoax, muddying the waters of the very real move towards a global monetary system.

“The United Nations (UN) has licensed the minting of gold bullion coins bearing its logo to provide a “public option” world savings currency,” stated the original story.

The source of the story was attributed to both the Vancouver Examiner and Adfero Limited and it featured on the World Gold Council website, but the link to the article now gives a 404 error page. There is nothing on the UNCTAD website to verify the authenticity of the story.

....
...

In addition, the scandal-ridden and highly secretive Bank For International Settlements, considered to be the world’s top central banking power hub, released a policy paper in 2006 that called for the end of national currencies in favor of a global model of currency formats.

The march towards a global currency is real, provable and openly documented. The UN gold hoax story has seemingly little purpose other than to poison the well with disinformation, thereby inadvertently detracting credibility from those who are warning of a global government takeover which manifests itself in a myriad of different ways at every major global summit, from the G8 to last month’s Copenhagen conference.

...

/// end \\\

dh note : ... unsure as to true or false un story ... however there is no doubting the truth of the world wide sovereignty of Baha'u'llah


Thu Jan 07, 2010 2:01 pm
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Post Number:#11  Post Re: World currency
One Golden Decade and 13 Decayed Currencies


Contributed by Whiskey & Gunpowder on Wednesday, January 06, 2010 4:31:14 PM

http://beforeitsnews.com/story/2777/One ... Currencies

Gold up, Dollar down…? Not entirely…

So the last decade of rising gold prices simply mirrored the US Dollars steady decline. Right...?

Well, no actually as I have repeatedly noted…and never less than when clutching a whisky and ginger this past Yuletide…typically to a fast-emptying room.

Gold’s tripling-and-more since Tues 4th Jan. 2000 came against all major currencies, let alone the minor ones. In fact, when judged against a truly globalized basket of the globe’s truly basket-case currencies - those various monies issued by the top 10 economies in terms of Dollar-GDP - gold turned decisively higher in mid-2001…looking back only a handful of times and never for more than a 20% drop.

All about the Dollar? Don’t you believe it.

Yes, volatility and violence rose together as the gold price pushed higher. And yes, the Dollar-price gains outstripped those in the Euro (292% vs. 180%) and commodity-led Canadian Loonie (179%).

But your local fund managers, financial advisors and op-ed pundits would have been hard-put to beat those returns with anything else. And as gold remains (at least in the view of die-hard, gloating and lone-drinking “gold bugs”) the only viable one-world currency, it’s worth glancing at just how it performed against ...

... /// end\\\


Thu Jan 07, 2010 2:11 pm
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Post Number:#12  Post Re: World currency
The last time the dollar rallied in mid-2008, exotic currencies plummeted hard and fast for over six months. Anyone shorting those exotic currencies made a bundle. So please, make sure you tune in next week for our special series on how to do just that.

http://worldcurrencywatch.com/2010/01/0 ... sells-out/

Kat Von Rohr (January 6, 2010)

...

In short, the biggest industry players in the stock and commodity markets are betting on a turnaround rally for the U.S. dollar this year.

How can we tell? Simple.

All the major institutional players buy the same dollar fund from the NYSE when they see a dollar rally coming. It’s the most popular “pro-dollar” fund in the U.S. – the PowerShares DB U.S. Dollar Bullish fund (NYSE: UUP).

Since November, shares of this fund have been selling out.

n fact, PowerShares has gone back to the Securities Exchange Commission (SEC) twice since then to request more shares of this dollar bull fund. Reason? They simply don’t have enough shares to meet investor’s demand to buy dollars.

In fact, this small $300 million fund has grown to $3 billion in just the last year on this increased investment demand.

According to the SEC’s website, the SEC just granted PowerShares permission to create more 240 million new shares of this fund two days ago.

But there is no telling how long these new shares of UUP will last when all these stock guys see a dollar rally on the horizon.

Frankly, we agree. A short-term dollar rally IS coming in early 2010. The major stock players know it, and they’re smart to hedge their stock positions with this dollar fund.

But honestly, buying a dollar bull fund is really just scratching the surface of how you can play any short-term dollar strength. ...

...
...
...


Thu Jan 07, 2010 2:18 pm
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Post Number:#13  Post Re: World currency
dh note: ... the following article ... Slaves of Iceland ... reminds me a lot of one possible scenario for the usa ... but instead of corporate/bank/government debt , usa may try using "personal debt along with % of gov't debt" fixed to each individual ... kinda spooky really ... and iceland ... slaves of iceland ... is at the forefront of the dramatic work towards our world currency ... oneness , dh

Slaves of Iceland: Libertarians have your way out
January 7th, 2010 by irdial

http://irdial.com/blogdial/?p=2387

... Yesterday, the people of Iceland finally had a chance to have something to say about their fate, because if the state guarantee is accepted it will mean that Iceland will become like a third world country, spending its GDP largely on paying interest on foreign debt. ...

... On January 5th the Icelandic president had the courage, backed up by his nation, to place the interest of the people before that of the banks. ...


Thu Jan 07, 2010 2:37 pm
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Post Number:#14  Post Re: World currency
Do We Need a New World Currency?

http://www.opednews.com/articles/Do-We- ... rtcomments

By Robert Bonomo

...

The smoky room scenario is the most likely, but it is not the only possibility. With the internets organizational capacity, a worldwide movement could begin to insist on a different solution. What is needed is a forum for intellectuals and citizens of the world to discuss and organize our future and not depend on secret deals cut behind closed doors. If there was any doubt about Obama being "our savior' his shotgun marriage to Wall Street should dispel any doubts. We, the citizens of the world, must organize ourselves, as simply citizens of the world, and create the political organization and power to make the needed changes.

What could another solution look like? First, let's define what money is, how it is created, and what debt is. ...

Money is created in two ways, fractional reserve banking and quantitative easing.

... We must first get our financial house in order before we can take on the challenge of creating a sustainable world. ...


Thu Jan 14, 2010 12:40 am
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Post Number:#15  Post Re: World currency
Negotiable instruments, and this would include most currencies, appear to have mostly become forms of gambling as they do not resemble anything real or oftentimes productive.

Neither do they generally confer anything resembling the executive function of ownership. Recent financial articles talk of the glacial movement of annual meeting resolutions towards getting anything resembling stockholder voice on management actions (including executive pay).


Fri Jan 15, 2010 6:55 pm
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Post Number:#16  Post Re: World currency
Korean Court Deems Virtual Currency Real

http://www.escapistmagazine.com/news/vi ... rency-Real

Earlier this month, Korea's Supreme Court acquitted two defendants who were on the hot seat for buying and selling virtual currency and items with actual money in the MMORPG Lineage. The court effectively ruled that virtual currency is the same as real world currency, meaning it can be exchanged as such legally, and is the first ruling of its kind in Korea.

Defendants Mr. Lee and Mr. Kim allegedly purchased 234 million won (about $200,000) of Lineage "Adena," and resold it to hundreds of the game's players for a profit of 20 million won ($20,000). The key factor in the case was that virtual currency in Lineage was determined to be obtained by skill, time, and effort, as if it were payment for work, rather than luck. The same rule would not apply to online gambling.

It's expected that virtual currency and item exchanges will spread following this ruling, if not completely new business models. The government may collect a tax on all transactions now that the trade is legalized.

Korea is just the sort of place where something like this would happen, with online videogame popularity through the roof in the country. I would be interested to see what happens in a case like this, where trillions in virtual currency was accidentally awarded to certain Aion players. Would these players go to jail if they were to sell it, or even trade it in-game? What would the consequences be if a server has to be rolled back, causing players to lose "real" money that they had earned? It seems like this ruling could introduce a whole new host of problems.


Thu Jan 28, 2010 12:13 am
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Post Number:#17  Post Re: World currency
Yuan won't be global currency any time soon

http://economictimes.indiatimes.com/mar ... 498317.cms

...

"In the medium term, the RMB is only likely to evolve into a regional currency," Wu's paper, published in the journal 'China and World Economy', added. Li, the Ex-Im Bank head, said the yuan's international path would be "from nearby to the distant, from bilateral to multilateral, and from neighbouring countries to pan-Asia".

In his book, Li added that the dollar would remain the dominant global currency. He said China had to keep buying U.S. treasuries, at least for now, to maintain the status and stability of the currency even though Beijing's long-term goal is to end the dollar's hegemony.


Thu Jan 28, 2010 12:18 am
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Post Number:#18  Post Re: World currency
Iran's proposal to eliminate dollar in mutual operations with Russia politicized: experts

27.01.2010 20:27

http://en.trend.az/capital/pengineering/1627481.html

...

"This is a political decision. The amounts that would be exchanged by Iran are tiny compared to the world market for currency exchange, which is about $3.5 trillion a day. Its significance in the global financial community is nil," American expert Paul Sullivan said on his own.

"About 80 percent of all foreign exchange transactions happen in 10 banks in the EU and the US. Russia has less than 1 percent of the foreign exchange market. Iran is negligible," Sullivan, Professor of Economics at the U.S. National Defense University wrote to Trend News in an e-mail.

The opinions of American experts were supported by ...

...


Thu Jan 28, 2010 12:25 am
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Post Number:#19  Post Re: World currency
New world currency wouldn't solve imbalances on its own, says King

By Edmund Conway

Last updated: January 20th, 2010

http://blogs.telegraph.co.uk/finance/ed ... says-king/

...

... King’s warning in his speech is that to hold out hope for a new Bretton Woods agreement is futile. ...

... /// end \\\

dh note : yep ... been saying that for a while ... now how much does a mithqal weigh again ... lol


Thu Jan 28, 2010 12:35 am
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Post Number:#20  Post Re: World currency
Currency as a store of wealth; currency as a medium of exchange. Both have become tenuous as objective uses for currency. Currencies and precious metals have all become part of a high velocity exchange with little or no attachment to the real products rendering them near useless for their original purposes.

Most of this has happened since the 1930's, so the very meaning of the current usage of the term "currency" does not have any continuity. I cannot think of a current noun that would translate into what used to termed "currency".


Thu Jan 28, 2010 4:15 pm
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Post Number:#21  Post Re: World currency
Dame wrote:
... I cannot think of a current noun that would translate into what used to termed "currency".


the term "currency" is progressive and thus the old adage

time is money

but to replace the jumble of existing monetary systems with a single world currency

takes more than time

it takes vision

and whom do you think is at the forefront of bringing forth this new world order

i'll give you a hint

it ain't great britian and america


Thu Jan 28, 2010 5:02 pm
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Post Number:#22  Post Re: World currency
Greek FinMin

ATHENS, Feb 9 (Reuters)

http://www.reuters.com/article/idUSLDE61824V20100209

...

"From 1. Jan. 2011, every transaction above 1,500 euros between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards"

...

...


Sun Feb 14, 2010 3:02 pm
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Post Number:#23  Post Re: World currency
Currency Trading Is Place to Make Your Fortune

http://www.businessweek.com/news/2010-0 ... -lynn.html

...

Forget hedge funds, walk away from private equity and tell the derivatives boys they can dump their baffling mathematical formulas in the dustbin under the desk.

Instead, become a currency trader. They are set to become the new kings of the financial markets.

...

With the dollar on the way down, the world will need something as a reliable store of value. There are plenty of candidates: It might be gold, an International Monetary Fund-sponsored basket of currencies, or a new world currency. Who knows, it could be something nobody has thought of yet. Ultimately it will be foreign-exchange traders who decide what works and what doesn’t.

...

...

/// end \\\

dh note : ... actually Baha'u'llah will/has decided what is a a reliable store of value. ... *smile* ... it is up to us , through consultation , to determine what is our best actions we can preform at His behest .... .... at this time, we find it enjoyable to offer consultation about "world currency" at this location ... ... please feel free to add to this discussion .... thanks


Mon Feb 15, 2010 9:27 pm
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Post Number:#24  Post Re: World currency
When I was a kid, I played a lot of Monopoly, the board game.

Then as a young adult I played the computerized business game. Was set back by a ruling of anti-trust activities.

Last week I heard a salient comment on TV while pealing carrots for diner. Commodities (carrots) have had a serious reversal in profitability because the money has been diverted to the stock markets.

Monopoly money, computer dollars, real money supply; seems it is all subject to the same uses. If those obsessed with money and profits are allowed to consume all the dollars at their non-productive board games; then there is nothing for the real world to use for currency. How much is Boardwalk really worth in carrots (which can be eaten). But then the commodity market is trading futures for carrots which have not yet been produced and at the current levels of available financing for real production and profitability for the effort are not likely to ever materialize such the even these carrots will every be available to be eaten.

Think I will invest in some actual carrot seed and plant them in my actual yard. I like to eat actual food.

Perhaps the "return of Christ" is to do a replay of the expelling of the money traders.


Sat Apr 17, 2010 2:20 am
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Post Number:#25  Post Re: World currency
Greetings! :-)

Dame wrote:
Perhaps the "return of Christ" is to do a replay of the expelling of the money traders.


IOV it already happened (about a century and a half ago), and it did include as a central tenet Spiritual Solutions to Economic Problems!

Best regards, :-)

Bruce


Sun Apr 18, 2010 6:58 am
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Post Number:#26  Post Re: World currency
Yes, good point Bruce, and as I understand it a big advantage of a world currency would be curbing such speculation, at least on something of no real intrinsic value like currency...

Brett


Sun Apr 18, 2010 9:47 am
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