One world currency!?

[core]

So China have gone and said there should be one world reserve currency, is this the next step for a one world bank!?

http://www.dailykos.com/story/2011/08/06/1004024/-China-calls-for-One-World-Currency,-to-avoid-international-financial-crisis-over-US-debt

[GrahamR]

With all the Debt the US is in, you would think they know there will be some 'global event' coming that would wipe out either the Debt or the need for currency altogether....

[core]

When you say wipe you mean that one person or entity will buy the debt and put sanctions on the country, reminds of something similar I saw once.....Ireland and IMF/ECB!

[John D]

If major currencies like the Euro and Dollar failed we cant be sure what the consequences would be.
If people cant get money they trust for their goods and services, they will resort to barter.

Then food wont reach the cities. If people cant buy food, pretty soon men with guns will just take it from those who grow it. (I've seen this in my time in the military).

If people who grow food get attacked for doing so, soon they will stop growing it and depend on food aid.
If the phenomena is global and the big countries are in trouble, there will be no aid forthcoming.

Interesting that we are facing a financial crisis at a time the the Mayans have predicted as the end of the old and start of the millennium.

All speculation of course, but food for thought all the same.

[core]

Personally I think everything is 'going to plan', if you look at what has happened in Ireland to date. We are pushed into taking a bailout from the ECB/IMF whether we needed it or not is a discussion for another time and place. Then bit by bit the news is starting to look like the Confessions of an Economic Hitman.

- Banks, MAjority share owned by governement, easy for ECB/IMF to control banking system
- Oil rights of the west coast of Ireland handed over to Shell
- Quinn Insurance taken over by Liberty Insurance

These are just a few, there will be more to come, with major multi-national compaines taken over
Irish grown companies in the years to come, just keep any eye out.