eToro – Forex Trading Forum

[daranuel]

ASSUMING WE AGREE TO ACCEPT THIS SINGLE CURRENCY, WHAT COULD BE THE NAME ?, COULD IT BE DOLLAR? WILL THE JAPANESE (JPY) AGREE?. OK MAYBE IT IS THE EURO, WILL THE POUND ALLOW THAT? SINCE THEY COULD NOT SUBMIT TO IT ON THE CONTINENTAL LEVEL, HW SURE ARE WE THEY WILL ON INTERNATIONAL LEVEL. (WELL AM ONLY GUESSING).
NEVERTHELESS, ECONOMISTS HAVE PROPOSED SEVERAL VARIANTS OF A WORLD CURRENCY LIKE THE TERRA, DIGITAL GOLD CURRENCY BACKED BY GOLD, THE EURODOLLAR FORMED BY THE UNION OF THE EURO AND THE DOLLAR. ETC
THE TERRA IS ONE SUCH WORLD CURRENCY THAT WAS PROPOSED BY THE BELGIAN ECONOMIST BERNARD A. LIETAER. THE TERRA WAS TO BE BASED ON A BASKET OF 12 KEY COMMODITIES THAT COULD BE CONSIDERED ESSENTIAL FOR TODAY’S WORLD. THESE INCLUDE, 30% GOLD, 2 KG GRAIN, 200 G MEAT, 1 L WINE, 3 KG STEEL, 200 G COTTON WOOL, 200 G COPPER, 10 KWH OF ELECTRICITY AND HALF AN HOUR OF LABOUR. IT IS ASSUMED TO BE A CURRENCY THAT WOULD BE FREE FROM INFLATION.
ARE U SURE IT WILL BE FREE FROM INFLATION? WELL WHEN THE TIME COMES WE WILL KNOW.
PART 5 HIGHLIGHTS THE PROS AND CONS OF THIS TOPIC.
SEE IT AND TAKE UR STAND.