Reuters reported today that Japan, Germany and Canada, and Japan pledged new measures to confront the financial crisis.
The Belgian government officially collapsed over the weekend.
In neighboring Belgium, King Albert consulted political leaders after the government collapsed following its botched attempt to bail out financial group Fortis.
Prime Minister Yves Leterme tendered his government’s resignation on Friday after a report by the Supreme Court found signs of political meddling to sway a court ruling on the future of the bank, a victim of the credit crunch.
This worldwide nature of the crisis, and the multinational efforts to meet it, call for extraordinary measures. Could one of those measures be to create a global currency? Some advantages:
- It simplifies commerce between countries
- It provides stability to volatile currencies
- It lessens the fluctuations for global organizations, that may buy materials in one country, have manufacturing in another, and sell in another.
People that won’t like it:
- Companies that make money from the cost differential. There will still be a cost differential, just as San Francisco is more expensive than Topeka Kansas, although they use the same currency.
- Individuals that make money betting on the foreign exchange.
Is that really such a bad idea? 
-Paula
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I don’t think it would work at all.
[...] Will We Have a Global Currency Ravenwerks Global Ethics Posted by root 45 minutes ago (http://www.ravenwerks.com) May 12 2009 1 comment to will we have a global currency online payday advance powered by wordpress atahualpa theme by bytesforall Discuss | Bury | News | Will We Have a Global Currency Ravenwerks Global Ethics [...]
Hola de parte de parejaspareja.es, encontre tu blog navegando por la red buscando currency exchange en google. Me parece super interesante la información que tienes en tu blog y sin lugar a dudas regresare a leerlo. Tengo una pregunta, si podria traducir tu blog “Will We Have a Global Currency? | Ravenwerks – Global Ethics, Etiquette and Effectiveness” y añadirlos a un de mis blogs en italiano? Y por supuesto con el link direccionando a tu blog. Estare esperando tu respuesta. parejaspareja.es
Great job, let the info flow, I will surely be bookmarking this site, very informative, thx!
Global currency simplifies commerce between countries and provides stability to volatile currencies. Even though it seems to work a little, people wont accept Individuals to make money betting on the foreign exchange.
As ecommerce grows, so will its impact on the overall economy. An even larger increase in economy wide productivity levels may result from productivity gains by business firms and companies not engaged in e-commerce as they respond to this new source of competition. Businesses recognizing this new opportunity and seeing the potential impact of e-commerce is important for policy makers, and forecasters as they project economic activity for the future.
GREAT ARTICLE.
Nice blog! Keep up the good work.
Interesting way to look at it. For the most part, I agree with you. It would be great if got more post like this. I appreciate it.
thank you so much!! i’m about to download from the site right now!
In truth, immediately i didn’t understand the essence. But after re-reading all at once became clear.
I liked it. So much useful material. I read with great interest.
I dont believe that this is really such a bad idea after all!
Great info here, nice site I will be checking out the other articles you have and linking back to your site.
Great info here, nice site I will be checking out the other articles you have and linking back to your site.
Great information, I will be linking back to you and going to look around at your other posts.
Great info here, nice site I will be checking out the other articles you have and linking back to your site.
You made some good points there. I did a search on the topic and found most people will agree with your blog.
Wow! Thank you! I always wanted to write in my site something like that. Can I take part of your post to my blog?
the internet is with a doubt growing into the most important medium of communication across the globe and its due to sites like this that ideas are spreading so quickly.
Oh, my computer doesn’t show this at all! no map, no image…. sorry! apparently i’m missing a plugin.
What a good way to discuss
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