(adsbygoogle = window.adsbygoogle || []).push({}); As many of you know, we ( USA ) are in huge debt. Majority of that owed to China. Is it possible that in our future we'll see a new world currency ? ( If i'm not mistaking it's the US dollar right now.)


Just wanted to see some thoughts on this.

*this thread is not a thread to flame USA. (it'll only make you look stupid)

I would have to say no. As being shown by the Euro, tieing multiple nation's currency together, while it has some pros, can damage the currency if only a few nations take dramatic down turns. The current currency system works because we are able to ascertain the value of the different currencies and then compare them.

If there was a world currency the management of economic situations would become so complex that even more nothing would be accomplished. For example, the Euro is the official currency of 17 countries, and used in 27. Take that and multiply it even higher.

It would be a good idea and make things easier

The US$ is not the worlds currency. Its simply one of the preferred trading currencies.

Some economists have been dragging around a world wide euro like currency for decades, if anything the latest financial crisis shows what a horrible decision this is.

What you will see is what really has been happening for a while continue to happen. In each Region 2 or 3 currencies become the preferred currency for cross border trade.