Wow, you need proof of this? Are you serious? Look through any history book. How about the Continental currency for starters?
I think what we could see is regional based currencies not a world based currency, Which has already started with the EURO, So what you would end up with is a currency for the Middle East, Africa, Asia, Oceania, North America and South America. This to me makes more sense then a global currency as it at least groups similar nations together.
In 1932 the price of gold was $20.67, today it is $875. Relative to gold the USD has lost 97.6% of it purchasing power in 76 years. Even at a 3% inflation rate the USD loses half its purchasing power every 23 years. At a 5% inflation rate the USD loses half its purchasing power every 14 years. History shows that all fiat currencies eventually bcome worthless.
One reason I stopped posting on boards over the last 5 years was because of people like this guy. No more. I don't care to spend my energy debating lazy people. Go do the research yourself and quit sucking the life out of people. If you'd like somewhere to start, try the thing called the Internet and look it up. This is the last time I'll answer you. So go suck the life out of someone else and step aside to let other's learn. Later, Jim http://www.jamesgoulding.com/excelworkbooks.htm http://www.jamesgoulding.com/me2008.htm http://www.jamesgoulding.com/researchnotes.htm
And this comes out this morning? Weird. "Ordinary Germans have begun to reject euro bank notes with serial numbers from Italy, Spain, Greece and Portugal, raising concerns that public support for monetary union may be waning in the eurozone's anchor country, the Telegraph's City editor writes, picking up on a story in the German press. Germany's Handelsblatt newspaper reported bankers have detected a curious pattern where customers are withdrawing cash directly from branches, screening the notes to determine the origin of issue, the Telegraph says. They ask for paper from the southern states to be exchanged for German notes." Wow. Later, Jim http://www.jamesgoulding.com/excelworkbooks.htm http://www.jamesgoulding.com/me2008.htm http://www.jamesgoulding.com/researchnotes.htm
Yes. When you say stupid things like this: In the history of mankind no currency has survived when its value hit 1% of its original value Maybe you should stop posting. Saying things you have no clue whether they are correct only makes you look uneducated. When did you do the research to prove this true? No currency ever survived? Really?