Should we have a World Currency

[Logios]

Do people here believe that a worldwide currency system would be a good idea. Do you think we already got it, and then is it US$, €, Yen or Yuan. Would it be impossible to accomplish or is it just a question of convincing enough people.
Some Wiki-stuff on the subject: http://en.wikipedia.org/wiki/World_currency
Should a world currency be "its own gold standard" or balanced against stuff like gold, oil, megawatts or whatever.
Could it eliminate the risk of financial crisis, or would it just cause the entire world economy to crash if something goes wrong.
I myself think it would be a neat idea, but I don't have the "philosophers stone" as to how something like this should be implemented - specially since the nations on this planet seldom agree on much.
Let me hear your thoughts on this my fellow Total Warriors.

[Altzek]

Never ever.We Italians already got problems with the Euro.

[WelshDragon]

No because each area/region/country would tend to value the currency differently anyway (see euro crisis in Greece).

Plus, that's just a little too creepy and one more step towards a world government IMHO.

[Bleda]

Fractional reserve banking on an international level? No thanks.

Never ever.We Italians already got problems with the Euro.

I think you mean that the Euro already has problems with Italy.

[chilon]

Fractional reserve banking on an international level? No thanks.

We have fractional reserve banking on an international level already.

I don't think there is anything inherent in a world currency that would make the world financial system more fractional reserve than it is today, although I see plenty of other problems with a world currency.

[Floris V van Holland]

We have fractional reserve banking on an international level already.

I don't think there is anything inherent in a world currency that would make the world financial system more fractional reserve than it is today, although I see plenty of other problems with a world currency.

what has fractional reserve banking to do with world currency ?????

[removeduser_4536284751384]

No for purely economic reasons although wanting to make world trade easier is admirable.

The Eurozone isn't even truly stable yet.

[Sir Pignans]

I like £££ to much.

Although this does sound good in theory, wouldn't it have inflation/deflation problems? I'm not sure though, I'm no economist.

[Tiberios]

No. I don't even want my country to adopt the Euro.

[Logios]

No. I don't even want my country to adopt the Euro.

So you are against the Euro, but what is your opinion about a scandinavian monetary union. This was the original idea with the crown currencies in scandinavia (why we don't have rigsdaler anymore), but that idea was disbanded around WWI.
Furthermore, do you guys believe that the large currencies (US$, € ect.) are a step on the way to a global currency or a hindrance due to their strong independance of other currencies?

[Facupay]

Although this does sound good in theory, wouldn't it have inflation/deflation problems? I'm not sure though, I'm no economist.

A worldwide hyperinflation would be awesome.

[Ahlerich]

A worldwide hyperinflation would be awesome.

hehehe thats comming anyways, especially in north america and europe. this decade.

[Helm]

We probably will have one eventually, most likely once we're fully outer space bound. It a requirement to become a fully type 1 civilisation let alone a type 2.

[Sher Khan]

We probably will have one eventually, most likely once we're fully outer space bound. It a requirement to become a fully type 1 civilisation let alone a type 2.

How is it a requirement?

[Poet]

wow It's so easy to make a thread, pick some stupid topic, post some random sentences (in favor or against) a link to that topic and it is done, I am going to make a thread "Should we have a fairy God mother?". Come on! at least give some theory, your own analysis (in detail), or some good article on topic with link and then it looks like a good thread.

[Ahlerich]

wow It's so easy to make a thread, pick some stupid topic, post some random sentences (in favor or against) a link to that topic and it is done, I am going to make a thread "Should we have a fairy God mother?". Come on! at least give some theory, your own analysis (in detail), or some good article on topic with link and then it looks like a good thread.

now i know wiki is not a good source but here are the basics we are talking about
LINK

[Irish Warrior]

wow It's so easy to make a thread, pick some stupid topic, post some random sentences (in favor or against) a link to that topic and it is done, I am going to make a thread "Should we have a fairy God mother?". Come on! at least give some theory, your own analysis (in detail), or some good article on topic with link and then it looks like a good thread.

You seem to be a very mean person. I've counted six occasions like this.

[Bleda]

You seem to be a very mean person. I've counted six occasions like this.

Trolling is his specialty. You haven't been here long enough, or you would be counting far more than 6 times he only contributes insults to a thread. If it's a stupid thread could he not have posted? Sure. But what would be the fun in that?

But whatever. All I know is that since he changed his avatar, I have developed an inexplicable a hatred for blinking Asian toddlers.

[ShockBlast]

Hmmm somehow i don't think that the big 3 are on the same page,do you guys think that EU,USA and PRC have the same politics ?
EU keeps it balanced,it was a bit over evaluated for some time,USA sometimes pushes it down to maximize exports and PRC slams it into the ground so it can export like hell.

[Poet]

You seem to be a very mean person. I've counted six occasions like this.

I really enjoyed your spontaneous reply، but it is not 6th but only 2nd occassion when I tried to pose as a TWC Plato.