Should we move to the Euro currency in America?

[Jaskalas]

Europe is as bankrupt as we are. There's nothing wrong with our currency that isn't not also wrong with theirs.

 

[diesbudt]

Even regarding our debt the European Union is in a worse state than us. We are more efficient and our economy is based on actual capitalism which the rest of the world has attempted to copy in the past 2 decades.

I vote Democrat, but agree with asshat Repub's that spending is the problem. We should just spend on the right thing and ensure the funds are being used properly.

:thumbsup:

 

[FelixDeCat]

..

 

[tokie]

Thats what you get for doing some forward thinking about the future. You get mocked, criticized and derided. You and I know the future tokie and its a world currency.

Let these other stick-in-muds criticize. We will be ready to embrace the future with open arms.

I can't tell if you are trolling, but as a business person I am dead serious.

No longer can a country like Greece just devalue its currency in order for its products to be cheaper. Instead, they have to become more efficient. That is the whole reason why this Euro mess is dragging on for so long: countries have to undergo serious structural reform to lower labor costs and increase output.

The UK doesn't have to do this since it can just devalue the pound (as it has). So really UK productivity has been decreasing (hidden by currency game) while Spanish productivity has been increasing the past few quarters.

Who is better in the long run as a result, the one who plays financial games/prints money or the one who actually does something in reality?

 

[FelixDeCat]

..

 

[gevorg]

Both, the Euro and the dollar are taking big steps towards heavy inflation, to the point where governments won't be able to pay-off their debt. Who will go bust first? EURO!!

 

[infoiltrator]

Look at Iceland vs Ireland.
FWIW, USA should declare the penny worth a nickel, nickel worth a dime, dime worth a quarter, and a quarter worth a dollar, or
Going by power of 4x
penny = 5 cents (should be four), nickel becomes a fifth = 20 cents, dime becomes 2 fifths (40 cents), and a quarter = $1.
hey if penny = 4 cents could be a 20th.