A global 'super currency'?

[Easy Bakes 253]

Can we revive these?

[Patricius Maximus 236]

Ah, the good old days of good-looking ten-thousand dollar bills (and fives, too).

[Benedict 3,119]

@ Manticore fan... it's actually St Basil's Cathedral...

[LarksTonguesInAspic 28]

Originally posted by: Benedict

@ Manticore fan... it's actually St Basil's Cathedral...quote>

Oops, my mistake.

[Benedict 3,119]

Originally posted by: manticorefan

Originally posted by: Benedict

@ Manticore fan... it's actually St Basil's Cathedral...quote>

Oops, my mistake.

quote>

Well, it's still in Moscow

[Duke87 1,070]

3... 2... 1...

Ah, screw it, I'll do it myself:

In Soviet Russia, mistake make you!

[mightygoose 92]

oh my mistake for thinking this was going to be a serious thread.....

[Merlin of Flyote 8]

Originally posted by: TheQuiltedLlama

quote>

I'm not exactly Gordon Brown's biggest fan, but I think that the media portrayal of him is often unfair. You call him 'one of the biggest fools britain has ever produced', this is bit harsh i think. Clearly, he hasn't exactly had a great year, what with the British economy begging to collapse almost as soon as he took office. And although he certainly should shoulder some of the blame, I think that as chancellor he did pretty well. Despite what the Tories like to make out, Britain was actually in a pretty decent position, debt-wise, to allow him to borrow the money need to peruse the Keynesian tactics, which are generally accepted as being the best way of dealing with recession.

As for 'Upper class twit', don't know how well acquainted with British politics you are, but the opposition leader is, arguably, a far bigger 'twit' and certainly more upper-class.

quote>

quote>

[adamspalmer 2]

This is more for the guy who put the Texas currency on here.  Okay maybe for more depending, Texas is THE ONLY state that in their constitution with the United States may secede at anytime without reprisal and further more must leave all military equipment and bases only uniform personnel and their dependents may take their belongings.  Just some trivia facts for all you out their.  We have had over six flags over this countr....errrr state, nothing new to us but I do think it strange, 1/3 of the US Military personnel are Texan, only state fairing quite well through all of this right now, you guessed it Texas, oh and last by its self has the 12th largest economy in the WORLD not just US.  I remember a flag that best sums up a Texas attitude and way of life, has a cannon on white background with only these words COME AND TAKE IT.  There was a time when the rest of the United States was the same way, unfortunately I think everyone took stupid pills and forgot their history but that is just me.  feel free to message me if you hate me for this view, but I am 35 not that old and I remember a different country.  What the beep happened to the world lest we forget our history we shall be doomed to repeat 'em.  God bless Texas.

[ShortStraw 1]

Speaking of history, how 'bout that whole Alamo thing?

Also, did you know that if we cut Alaska in half, Texas would be the third largest state?

Sorry, couldn't resist. . .

[Cockatoo 2,256]

Originally posted by: adamspalmer

1/3 of the US Military personnel are Texanquote>

Somehow that doesn't surprise me at all.

only state fairing quite well through all of this right now, you guessed it Texas, oh and last by its self has the 12th largest economy in the WORLD not just US.quote>

Petrodollars.

I remember a flag that best sums up a Texas attitude and way of life, has a cannon on white background with only these words COME AND TAKE IT.quote>

Just a wild guess here, were you a former Bush supporter?

What the beep happened to the world lest we forget our history we shall be doomed to repeat 'em. God bless Texas.quote>

Yee Hah!

[Easy Bakes 253]

Originally posted by: Cockatoo-210893

Originally posted by: adamspalmer

1/3 of the US Military personnel are Texanquote>

Somehow that doesn't surprise me at all.

only state fairing quite well through all of this right now, you guessed it Texas, oh and last by its self has the 12th largest economy in the WORLD not just US.quote>

Petrodollars.

I remember a flag that best sums up a Texas attitude and way of life, has a cannon on white background with only these words COME AND TAKE IT.quote>

Just a wild guess here, were you a former Bush supporter?

What the beep happened to the world lest we forget our history we shall be doomed to repeat 'em. God bless Texas.quote>

Yee Hah!quote>

Thats Yee Haw ! 

Yee haw !

[patfirefghtr 160]

Originally posted by: Easy Bakes

Originally posted by: Cockatoo-210893

Originally posted by: adamspalmer

1/3 of the US Military personnel are Texanquote>

Somehow that doesn't surprise me at all.

only state fairing quite well through all of this right now, you guessed it Texas, oh and last by its self has the 12th largest economy in the WORLD not just US.quote>

Petrodollars.

I remember a flag that best sums up a Texas attitude and way of life, has a cannon on white background with only these words COME AND TAKE IT.quote>

Just a wild guess here, were you a former Bush supporter?

What the beep happened to the world lest we forget our history we shall be doomed to repeat 'em. God bless Texas.quote>

Yee Hah!quote>

Thats Yee Haw ! 

Yee haw !

quote>

Naaaw its a AMEN Brother!!!

Honestly I think it would be a biiiiiiig mistake if the world switched over to one currancy as that would be the start of some very biblical predictions... 

[adamspalmer 2]

Yea big mistake, but wether or not prophecy I happen to doubt, but as for cut alaska in half it would be the third largest state learn your geography m8 it is the third largest.  Cut alaska in half and it would be the second.  And for the record I was a supporter of Bush and isn't it funny that he kept us safe until the end of his presidency and not more than a 100 days in office Obama has had one Pirated vessel, Iranians putting 7,000 uranium enrichment centrifuges in operation and North Korea fires a form of a ballistic missile over Japan's Main island.  All he can talk about is unilateral disarmerment and can't we just have one on one talks.  pffft sorry sore spot with me.  Wish the rest of the americans actually kept themselves informed.  When we give Cuba a solid footing with us again does that mean all the Americans that had assets down in Cuba when it when Communist and nationalized everything will get reimbursed?  And for the record I HATE the fact that Bush did that first TARP bailout and any bailouts for the pepboys in motown.  That would be my beef with Bush.  As for the war, we can both find ppl to side with either one of us but point is people abroad might not have been happy with us, but they knew one damn thing for SURE.  Mess with the US and you shall be staring down the barrel of a gun.  Amen god bless and said my peace.  Thanks for letting me rant.

[adamspalmer 2]

one more thing that thing about the petrodollars is not so.  We have been blessed with people in politics here that understand you don't invest in one single industry.  We are one of the most diverse states in the united states from medical computer and yes petro to engineering sports marine so many i can't list em all.  But all in all just wanted to debunk that myth we hardly see that revenue in this state to be honest as we don't have income tax we only have property and sales tax.  we also have a fairly large lumber industry surprise right.  East Texas is heavily wooded.

[Cockatoo 2,256]

Originally posted by: adamspalmer

Mess with the US and you shall be staring down the barrel of a gun.  Amen god bless and said my peace.quote>

Yee Haw!!

[ShortStraw 1]

Originally posted by: adamspalmer

. . . learn your geography m8 it is the third largest.  . . . quote>

Texas is the second largest state in the union with 268,601 square miles,  Alaska is 656,425 square miles.  According to my amateur geography anyway.

In any event, I wholeheartedly aggree with your original sentiment that if we do not learn from our history we are doomed to repeat it.  Kinda hard to reconcile that with this topic though since there has never really been an official global currency.  I tend to agree with those who wonder how we would reconsile first and third world economies in determining the value of global currency.  I can only assume that there are global banking networks out there who are already on top of this.  I'm not certain we would need a global government to back up global currency.  I think the idea is that our current global banking network would do this and in fact, they already have a frightening degree of power over our various governments anyway.

If you're one of those conspiracy types who re-reads revelations looking for signs of the "end of days" you could really get yourself worked up over our world banking network.  Go ahead, give it a study.  Hope you have someone to rock you to sleep at night .

[belfastuniguy 18]

How about THE Biggest Fool etc. He hasn't had a great 11 years. He's entirely to blame for where the British economy is. His hand was on the tiller. He sold gold at an all-time low. Worse he's not been Elected to be prime minister.

The opposition leader has a better idea of how the ecomomy works.

Borrowing got us here. borrow more to get us out. LOLquote>

Tory Book of Spin anyone?

You clearly have a dislike for him, which is fine. However you have allowed that dislike to impact on your understanding of the situation and the wider causes.

Gordon Brown is not to blame for the current state of the British economy. Banking institutions are and last time I checked HM Treasury does not regulate banks. Nor the FSA, which did fail in many circumstances, have any control over the reckless and unsound lending that American banks engaged in. The British housing market did not collapse in the same way the American market did. We have no where near the level of mortgage default and repossession.

The unregulated and inter-connected global banking and financial trading was the reason that banks started to fail. The buying of now toxic assets was the reason it all fell apart. This 'bundles' of mortgages and financing occurred primarily in America and then sold around the world. Coupled with reckless consumer lending it created the current crisis. People had the choice of whether to get themselves into thousands upon thousands of unserviceable debt. The government can not step in and say 'oh no...too poor you can't have that new kitchen or car'. Governments can put regulation into place, banks have to employ it and a strong financial authority needs to monitor properly.

Simply blaming the current crisis on Gordon Brown and he alone is incredibly naive and indicative of a flawed intelligence on the issue.

[Gridlock 9]

I feel US citizens should try to resist a Global World currency ,it has serious implications for the $ ,US economy.

AIG for one , lost a lots more money buying commodities , namely oil , when prices came down from $150 to $37 ,hehe Oil was a bubble that busted all the bubbles .

Some of our dewds have been buying full companies with just 0.5% down(spread betting at 200-1 leverage) and hoping the share price increases , it didnt it went down ,lmao . Not funny realy as it costs us , the taxpayer a fortune its a bottomless pit x 200.

IMF Special Drawing Rights , well UK as always been broke since before Waterloo . Whats new ?

We have good modern armies , but cashflow , our countries are a joke compared to some lesser developed ME countries .

GDP is inflated its not real .

The BoE and Fed are private companies ,no more Federal than federal Express , most central banks are private , and i guess the IMF is private also .

High oil prices lead us here ? Just like 1960,s-1970 ,s oil embargo s , that destroyed Brentonwoods and old Uk money .

Hopefully the US economy will show signs of recovery and the $ remains world reserve currency .

Fiat currency , until the world shares a common bill of rights , then personaly would never accept a global currency ,its worth less to me in countries which i dont care to live due to human rights issues.

I can name many Countries one wouldnt care to live , that are very well positioned in a free market environment based on economic strength alone .

Until we all live by same rule of law , which is unlikely as we have seen by what happens in ME , then i am against a single world currency .

We will now all be brainwashed again with spin, by the special interests polititians ,about how important a single global world currency is ,in saving the world .

Im realy interested to see how We the people , go along with this , as we the subjects have very little choice in the matter.

[Shadow Assassin 336]

Rather than have an international currency replace all other currencies, keep the country currencies, but still have the international currency as a benchmark to which the local currency can be compared to.

Basically, it's unit pricing.

[Merlin of Flyote 8]

Originally posted by: belfastuniguy

How about THE Biggest Fool etc. He hasn't had a great 11 years. He's entirely to blame for where the British economy is. His hand was on the tiller. He sold gold at an all-time low. Worse he's not been Elected to be prime minister.

The opposition leader has a better idea of how the ecomomy works.

Borrowing got us here. borrow more to get us out. LOLquote>

Tory Book of Spin anyone?

You clearly have a dislike for him, which is fine. However you have allowed that dislike to impact on your understanding of the situation and the wider causes.

Kindly tell me the date he was elected by the people to be Prime Minister. I must have slept through that day.

Gordon Brown is not to blame for the current state of the British economy. He very definitely is.

Banking institutions are and last time I checked HM Treasury does not regulate banks. Exactly, he was chancellor, removed the Bank of England's Regulatory Powers and failed to give teeth to the FSA.

Nor the FSA, which did fail in many circumstances, have any control over the reckless and unsound lending that American banks engaged in. British banks did not have to buy America's bad debt.The British housing market did not collapse in the same way the American market did. Yet

We have no where near the level of mortgage default and repossession.Yet

The unregulated and inter-connected global banking and financial trading was the reason that banks started to fail. The buying of now toxic assets was the reason it all fell apart. This 'bundles' of mortgages and financing occurred primarily in America and then sold around the world. Coupled with reckless consumer lending it created the current crisis.

Gordon Brown is responsible as chancellor for not crontrolling levels of debt.

People had the choice of whether to get themselves into thousands upon thousands of unserviceable debt. The government can not step in and say 'oh no...too poor you can't have that new kitchen or car'. It can and shouldGovernments can put regulation into place, banks have to employ it and a strong financial authority needs to monitor properly.  The chancellor should make sure they do.

Simply blaming the current crisis on Gordon Brown and he alone is incredibly naive and indicative of a flawed intelligence on the issue.quote>

Gordon Brown was the man at the top, The buck(pound) stops there. Of course his failure to put legistration into place to control the banks, guarantees his future position as a director of one or more of the banks after the next election. Because he won't get elected, not that he has been anyway. You must be one of few people in the United Kingdom who feel comfortable swimming against the tide of public opinion. Which indicates blind faith in the socialist (COMMUNIST) doctrines and dogma of the current political party.

Further more Gordon Brown inherited the best financial situation of any chancellor since WW1 and blew it.

Gridlock

What old UK money? We still use the Pound Sterling.

All Britain did was divide it by 100 instead of by 240. (15th February 1971). 

[belfastuniguy 18]

Kindly tell me the date he was elected by the people to be Prime Minister. I must have slept through that day.quote>

Our system allows for transitional leadership while still within the Parliamentary Term, has happened before and will happen again. Nothing undemocratic about it at all. Labour were the largest party and under our proportional representation system no election was needed. Simple a vote of the Labour party. People voted for a Labour Government, they always had that.

Nor the FSA, which did fail in many circumstances, have any control over the reckless and unsound lending that American banks engaged in. British banks did not have to buy America's bad debt.The British housing market did not collapse in the same way the American market did. Yet

We have no where near the level of mortgage default and repossession.Yetquote>

Banks are free to but whatever investments they wish. Unless you would prefer we have communist banking? Banks operate best in the private sector. No-one knew what would happen with the investments. They know now and most will have learned from it. Simply another period in the development of the banking/financial sector. One that has been incredibly costly.

People had the choice of whether to get themselves into thousands upon thousands of unserviceable debt. The government can not step in and say 'oh no...too poor you can't have that new kitchen or car'. It can and shouldquote>

Sorry...but don't actually want to live in Communist UK where the government can decide whether I can have loan for a car. We're a mixed economy and like it to stay that way thanks.

Because he won't get elected, not that he has been anyway. You must be one of few people in the United Kingdom who feel comfortable swimming against the tide of public opinion. Which indicates blind faith in the socialist (COMMUNIST) doctrines and dogma of the current political party.quote>

We shall have to see what the people think come election time. Economic recovery could already be under way and unemployment falling. So they may indeed be re-elected.

I have my own personal opinion influenced by no-one other than myself. The Labour party are NO WHERE near a communist party. Suggest you go and look the word up and then review the polices of the Labour government.

[Merlin of Flyote 8]

Originally posted by: belfastuniguy

Kindly tell me the date he was elected by the people to be Prime Minister. I must have slept through that day.quote>

Our system allows for transitional leadership while still within the Parliamentary Term, has happened before and will happen again. Nothing undemocratic about it at all. Labour were the largest party and under our proportional representation system no election was needed. Simple a vote of the Labour party. People voted for a Labour Government, they always had that.

We don't have proportional representation we have first past the post. That person was Tony Blair passing on the job without an election isn't democracy in my book. Or indeed in my dictionary(ie. Government by ALL the people).

Nor the FSA, which did fail in many circumstances, have any control over the reckless and unsound lending that American banks engaged in. British banks did not have to buy America's bad debt.The British housing market did not collapse in the same way the American market did. Yet

We have no where near the level of mortgage default and repossession.Yetquote>

Banks are free to but whatever investments they wish. Unless you would prefer we have communist banking? Banks operate best in the private sector. Only it seems when they make profits, then PUBLIC money has to bail them out

 

No-one knew what would happen with the investments.

Sorry, run that by me again! These bankers were paid an enormous sum to forsee the outcome of their investments. Gypsy Rose Lee would have done better with a crystal ball. 

They know now and most will have learned from it. Simply another period in the development of the banking/financial sector. One that has been incredibly costly. Not costly to the bankers though. I don't see any of them rushing to pay back their bonuses.

People had the choice of whether to get themselves into thousands upon thousands of unserviceable debt. The government can not step in and say 'oh no...too poor you can't have that new kitchen or car'. It can and shouldquote>

Sorry...but don't actually want to live in Communist UK where the government can decide whether I can have loan for a car. We're a mixed economy and like it to stay that way thanks.

I'm guessing at this point you're too young to remember having to put down a third deposit and pay in two years. Or things like the £25 limit in taking money out of the country.

.

Because he won't get elected, not that he has been anyway. You must be one of few people in the United Kingdom who feel comfortable swimming against the tide of public opinion. Which indicates blind faith in the socialist (COMMUNIST) doctrines and dogma of the current political party.quote>

We shall have to see what the people think come election time. Economic recovery could already be under way and unemployment falling. So they may indeed be re-elected.

Don't know what news you watch but I see jobs being lost still and economic recovery is not likely to even begin before the next election.

I have my own personal opinion influenced by no-one other than myself. The Labour party are NO WHERE near a communist party. Suggest you go and look the word up and then review the polices of the Labour government.quote>

Last time I remember a direct comparison between the Labour and Communist Party manifestos they were the same except for what to do about the monarchy. Indeed the Communist party used to tell supporters to vote Labour where the didn't field a candidate. They both play tricks like bypassing elections. They both sing the Red Flag. At least a communist has the guts to admit it. Also the Labour party went back on the promise of a vote on the European Constitution which the French and Dutch voted against and the reworked version which the Irish voted against. Of course they know they'll lose. As for policies the only ones they have that are popular are ones they stole from the tories.

[belfastuniguy 18]

We don't have proportional representation we have first past the post. That person was Tony Blair passing on the job without an election isn't democracy in my book. Or indeed in my dictionary(ie. Government by ALL the people).quote>

That's what I meant, confused things. Point stands however. Unlike in the United States we do not vote for a person to run the country, we vote a party to run the country. There lies the difference.

They know now and most will have learned from it. Simply another period in the development of the banking/financial sector. One that has been incredibly costly. Not costly to the bankers though. I don't see any of them rushing to pay back their bonuses.quote>

Banking executives have not been paid bonuses, only run of the mill branch staff and those traders that made money. I see nothing wrong with that. The Fred Godwin case has lead to national hysteria about bonuses when no such thing is called for. If you are a bank employee earning £17,000 and your branch made target. Why shouldn't you get your bonus?

I'm guessing at this point you're too young to remember having to put down a third deposit and pay in two years. Or things like the £25 limit in taking money out of the country.quote>

Clearly, when we went abroad we were never subject to such ridiculous restrictions. How absurd, thankfully those have gone.

Don't know what news you watch but I see jobs being lost still and economic recovery is not likely to even begin before the next election.quote>

Clearly not paying attention to those in the know and instead getting all your information from the media. Always better to have a more informed idea of the situation and indeed outlook. Unemployment is likely to start falling in early 2010 with economic growth starting toward the end of 2009. Depending on some external factors that seems accurate. Bank credit lending has improved as well as positive banking results for the first quarter planned.

I know what I'm talking about on this issue and I don't get my information from hyperbole news reports that constantly speak of doom and gloom.

[Merlin of Flyote 8]

Originally posted by: belfastuniguy

We don't have proportional representation we have first past the post. That person was Tony Blair passing on the job without an election isn't democracy in my book. Or indeed in my dictionary(ie. Government by ALL the people).quote>

That's what I meant, confused things. Point stands however. Unlike in the United States we do not vote for a person to run the country, we vote a party to run the country. There lies the difference.

They know now and most will have learned from it. Simply another period in the development of the banking/financial sector. One that has been incredibly costly. Not costly to the bankers though. I don't see any of them rushing to pay back their bonuses.quote>

Banking executives have not been paid bonuses, only run of the mill branch staff and those traders that made money. I see nothing wrong with that. The Fred Godwin case has lead to national hysteria about bonuses when no such thing is called for. If you are a bank employee earning £17,000 and your branch made target. Why shouldn't you get your bonus? I get paid a wage to do my job and I'm expected to do it to the best of my ability. I don't get a bonus for doing it properly.

I'm guessing at this point you're too young to remember having to put down a third deposit and pay in two years. Or things like the £25 limit in taking money out of the country.quote>

Clearly, when we went abroad we were never subject to such ridiculous restrictions. How absurd, thankfully those have gone. Point is there are lots of ways Government can control things.

Don't know what news you watch but I see jobs being lost still and economic recovery is not likely to even begin before the next election.quote>

Clearly not paying attention to those in the know and instead getting all your information from the media. Always better to have a more informed idea of the situation and indeed outlook. Unemployment is likely to start falling in early 2010 with economic growth starting toward the end of 2009. Depending on some external factors that seems accurate. Bank credit lending has improved as well as positive banking results for the first quarter planned.

I'd like to buy your rose tinted glasses, I see real people losing real jobs, or a least struggling to hang on to jobs. With the drop in sales in the car industry that will soon get worse if the government fails to step in. That will have knock-on effects that will cost even more jobs. Part-time and low paid service sector jobs will not cut it.

I know what I'm talking about on this issue and I don't get my information from hyperbole news reports that constantly speak of doom and gloom.

quote>

Clearly you think you know, but then so does Gordon Brown. Perhaps you don't get enough information from different sources.

[belfastuniguy 18]

I get paid a wage to do my job and I'm expected to do it to the best of my ability. I don't get a bonus for doing it properly.quote>

Yeah..so do I. Difference is me and others have it in our contract that we are to paid a bonus or other such perks as a reward for good work. You can receive them and if you wish return it.

Clearly, when we went abroad we were never subject to such ridiculous restrictions. How absurd, thankfully those have gone. Point is there are lots of ways Government can control things.quote>

Yeah....put that to the people and see what their response will be. We have our limits in relation to 'control'. Can't see such things having that much support to be honest.

I'd like to buy your rose tinted glasses, I see real people losing real jobs, or a least struggling to hang on to jobs. With the drop in sales in the car industry that will soon get worse if the government fails to step in. That will have knock-on effects that will cost even more jobs. Part-time and low paid service sector jobs will not cut it.quote>

Terrible...I don't believe the car industry warrants any support. Happy for people to be assisted in buying new cars, but not direct money to the companies like General Motors.

Perhaps you don't get enough information from different sources.quote>

I bet I get a lot more than you do. I'm an economist, I have access to a lot of information from various sources. I'm pretty confident in the opinions I have expressed thus far.

[Merlin of Flyote 8]

Originally posted by: belfastuniguy

I get paid a wage to do my job and I'm expected to do it to the best of my ability. I don't get a bonus for doing it properly.quote>

Yeah..so do I. Difference is me and others have it in our contract that we are to paid a bonus or other such perks as a reward for good work. You can receive them and if you wish return it.

Clearly, when we went abroad we were never subject to such ridiculous restrictions. How absurd, thankfully those have gone. Point is there are lots of ways Government can control things.quote>

Yeah....put that to the people and see what their response will be. We have our limits in relation to 'control'. Can't see such things having that much support to be honest.

I'd like to buy your rose tinted glasses, I see real people losing real jobs, or a least struggling to hang on to jobs. With the drop in sales in the car industry that will soon get worse if the government fails to step in. That will have knock-on effects that will cost even more jobs. Part-time and low paid service sector jobs will not cut it.quote>

Terrible...I don't believe the car industry warrants any support. Happy for people to be assisted in buying new cars, but not direct money to the companies like General Motors.

Kill the motor industry and that will kill mass manufactoring period. There are two important things to do to rebuild the economy, build cars and houses. Sure help people buy new fuel efficient cars and scrap old ones. Also build new social housing to allieviate the current shortage and get people spending on new carpets, curtains furniture etc. That creates jobs puts cash in pockets creates spending, which means more jobs. Also major new infrastructure projects such as London-Scotland high-speed rail.

Perhaps you don't get enough information from different sources.quote>

I bet I get a lot more than you do. I'm an economist, I have access to a lot of information from various sources. I'm pretty confident in the opinions I have expressed thus far.

quote>

Perhaps you might like to get a real job, if you could find one.

[belfastuniguy 18]

I do have a real job and enjoy it, get paid a lot as well....so I'm happy

But thanks anyway

[Merlin of Flyote 8]

Originally posted by: belfastuniguy

I do have a real job and enjoy it, get paid a lot as well....so I'm happy

But thanks anyway quote>

Let's agree to differ on that.

[belfastuniguy 18]

Your opinion of a job is relative. I may think your job isn't real. Especially if you're public sector, me paying your salary and all.