The Economist: GET READY FOR A WORLD CURRENCY (2018)

[DownByLaw]

snaggykicks, watch that link that B1acMan365 provided. That pretty much sums upmy outlook.

 

[potus2028]

Hmm...good point, Xtapolakdmks23skanfl...that def is true...

 

[yoda]

Originally Posted by snaggykicks

Originally Posted by Yoda

IMASOLEMAN18 wrote:

---

the end is near...the bible says that this is a sign of end times...1 world currency i for one am not happy

I'd love to see where it says that once the talks of having a universal paper currency signifies the end of time.

revelations 13 17 verse it doesnt come rite out and say one world currency but if you pay attention to what it says you will under stand


REVELATIONS 13 VERSE 17

And he causeth all, both small and great, rich and poor, free and bond,
to receive a mark in their right hand, or in their foreheads:and that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

GET READY FOR THE MARK OF THE BEAST THE END OF WORLD IS COMIN SOON

LOL AT PEOPLE NOT KNOWING THIS STUFF












Son...The mark of the beast=a worldly currency?

I paid attention to the verse, and I still don't see anything pertaining to a world currency being the epic downfall of a civilization.

Sounds like interpretation to me. Interpretation that I don't, won't, or ever believe in.

@ people believe this stuff.

 

[jonny1200]

Originally Posted by potus2028

That the same book that says a man parted a large body of water with a stick, some people built a tower halfway 2 heaven without the benefit of cranes and such, some chick got turned into salt 4 lookin backwards, some dude was the only man in the world with a boat (that could hold 2 of all the world's species) when the entire earth flooded, and a Jewish zombie who is his own father was sent down 2 remove a force present in humanity cuz a talkin hellsnake convinced a nekkid broad made from a dude's rib 2 eat a knowledge apple from a tree a long %+@ time ago? (Way 2 hold a grudge there, almighty...)

Makes perfect sense. This is clearly the end.

(Disclaimer: Not necessarily knockin believers, just sayin you should determine whether sumthin was a logical progression based on technology at hand before you start throwin out doom-and-gloom scenarios based on a book which says it's tellin the truth. I'm convinced some NTers just repeat popular opinion instead of findin out facts, and formulating their own.)

The Old Testament isn't suppose to be taken literal though, everything in there is a story with an underlying message. Don't really wantto get into a religious debate though because that could go on for pages.

Isn't there gonna be like an amero or something soon?

 

[snaggykicks]

Originally Posted by Yoda

Originally Posted by snaggykicks

Originally Posted by Yoda

IMASOLEMAN18 wrote:

---

the end is near...the bible says that this is a sign of end times...1 world currency i for one am not happy

I'd love to see where it says that once the talks of having a universal paper currency signifies the end of time.

revelations 13 17 verse it doesnt come rite out and say one world currency but if you pay attention to what it says you will under stand


REVELATIONS 13 VERSE 17

And he causeth all, both small and great, rich and poor, free and bond,
to receive a mark in their right hand, or in their foreheads:and that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

GET READY FOR THE MARK OF THE BEAST THE END OF WORLD IS COMIN SOON

LOL AT PEOPLE NOT KNOWING THIS STUFF

Son...The mark of the beast=a worldly currency?

I paid attention to the verse, and I still don't see anything pertaining to a world currency being the epic downfall of a civilization.

Sounds like interpretation to me. Interpretation that I don't, won't, or ever believe in.

@ people believe this stuff.

you just cant understand its ok you were probally raised wrong

 

[wawaweewa]

Originally Posted by Xtapolapacetl

GET READY FOR A WORLD CURRENCY

I think we already have one.. People call it gold.


Can I create my own gold?
Gold has its limits. Fiat currencies don't.

 

[snaggykicks]

Originally Posted by snaggykicks

Originally Posted by Yoda

Originally Posted by snaggykicks

Originally Posted by Yoda

IMASOLEMAN18 wrote:

---

the end is near...the bible says that this is a sign of end times...1 world currency i for one am not happy

I'd love to see where it says that once the talks of having a universal paper currency signifies the end of time.

revelations 13 17 verse it doesnt come rite out and say one world currency but if you pay attention to what it says you will under stand


REVELATIONS 13 VERSE 17

And he causeth all, both small and great, rich and poor, free and bond,
to receive a mark in their right hand, or in their foreheads:and that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

GET READY FOR THE MARK OF THE BEAST THE END OF WORLD IS COMIN SOON

LOL AT PEOPLE NOT KNOWING THIS STUFF

Son...The mark of the beast=a worldly currency?

I paid attention to the verse, and I still don't see anything pertaining to a world currency being the epic downfall of a civilization.

Sounds like interpretation to me. Interpretation that I don't, won't, or ever believe in.

@ people believe this stuff.

you just cant understand its ok

when all this happens dont say you didnt no about it

if poor rich small and big all abide under one guy and his numbers means one world currency but you cant see that its cool

 

[potus2028]

^ Statements like that are why agnostics/athiests 'look down' on folk of faith...'you was prolly raised wrong', how ignorant...

 

[sidewayze]

Originally Posted by Yoda

Originally Posted by IMASOLEMAN18

the end is near...the bible says that this is a sign of end times...1 world currency i for one am not happy

I'd love to see where it says that once the talks of having a universal paper currency signifies the end of time.

the bible says that the anti-christ will unite all the nations of the world into one nation, one religion. World currency is a step into acheivingthis one nation world.

s

 

[SlamShut]

Originally Posted by snaggykicks

Originally Posted by Yoda

Originally Posted by snaggykicks

Originally Posted by Yoda

IMASOLEMAN18 wrote:

---

the end is near...the bible says that this is a sign of end times...1 world currency i for one am not happy

I'd love to see where it says that once the talks of having a universal paper currency signifies the end of time.

revelations 13 17 verse it doesnt come rite out and say one world currency but if you pay attention to what it says you will under stand


REVELATIONS 13 VERSE 17

And he causeth all, both small and great, rich and poor, free and bond,
to receive a mark in their right hand, or in their foreheads:and that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

GET READY FOR THE MARK OF THE BEAST THE END OF WORLD IS COMIN SOON

LOL AT PEOPLE NOT KNOWING THIS STUFF

Son...The mark of the beast=a worldly currency?

I paid attention to the verse, and I still don't see anything pertaining to a world currency being the epic downfall of a civilization.

Sounds like interpretation to me. Interpretation that I don't, won't, or ever believe in.

@ people believe this stuff.

you just cant understand its ok you were probally raised wrong

"Judge not, that you be not judged. For with the judgment that you pronounce you will be judged, and the measure you give will be the measure you get. Whydo you see the speck that is in your brother's eye, but do not notice the log that is in your own eye? Or how can you say to your brother, "Let metake the speck out of your eye," when there is the log in your own eye? You hypocrite, first take the log out of your own eye, and then you will seeclearly to take the speck out of your brother's eye."

 

[blackmagnus514]

Exactly. That "raised wrong" comment was sort of uncalled for. That's exactly why I (knowing first hand how SOME religious people get elitist andend all/be all) don't even bother sometimes....

At the same time, most of the stuff that's been written about is coming or has happened. It aint just coincidence. I was raised in a church for 18 yearsand I know Revelations very well since I got an interest in world history etc...

However, the Bible HAS been written/rewritten and used as a tool of manipulation.

Whatever the case, it aint getting better (refer to law of thermodynamics that says everything is decaying). Take it for what its worth.

 

[potus2028]

*Sidewayze*
If one religion is a sign of the end of times and the hallmark of the antichrist, why does your bible promote universal worship of 'the one true God'?Wouldn't that ideally mean that the whole world should have...one religion? Or does God want some folk 2 worship 'fake gods'...or...what?

 

[los benjaminz]

Originally Posted by infamousod

phoenix is a stupid name.

do you have a change for a 10 phoenix?

yo man you got my phoenix yet?

500 phoenixes? for that?

the price of gas in phoenix has skyrocketed to an unimaginable 4.99 phoenix

edit: plus this is just like being back on the gold standard, no independent monetary policy...not that central banks are particularly good at using it like he says. also there will still be too big a discrepancy between big economies and LDC's to share a currency.

%+$ lmao

cash phoenix records

 

[yoda]

You're 100% right.

I was raised wrong.

I was raised to follow the teachings of the Bible.

 

[shoeking2101]

Originally Posted by snaggykicks

Originally Posted by wawaweewa

COVER: "GET READY FOR A WORLD CURRENCY"
Title of article: Get Ready for the Phoenix
Source: Economist; 01/09/88, Vol. 306, pp 9-10

THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates - a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.

But in spite of all the trouble governments have in reaching and (harder still) sticking to international agreements about macroeconomic policy, the conviction is growing that exchange rates cannot be left to themselves. Remember that the Louvre accord and its predecessor, the Plaza agreement of September 1985, were emergency measures to deal with a crisis of currency instability. Between 1983 and 1985 the dollar rose by 34% against the currencies of America's trading partners; since then it has fallen by 42%. Such changes have skewed the pattern of international comparative advantage more drastically in four years than underlying economic forces might do in a whole generation.

In the past few days the world's main central banks, fearing another dollar collapse, have again jointly intervened in the currency markets (see page 62). Market-loving ministers such as Britain's Mr. Nigel Lawson have been converted to the cause of exchange-rate stability. Japanese officials take seriously he idea of EMS-like schemes for the main industrial economies. Regardless of the Louvre's embarrassing failure, the conviction remains that something must be done about exchange rates.

Something will be, almost certainly in the course of 1988. And not long after the next currency agreement is signed it will go the same way as the last one. It will collapse. Governments are far from ready to subordinate their domestic objectives to the goal of international stability. Several more big exchange-rate upsets, a few more stockmarket crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice. This points to a muddled sequence of emergency followed by a patch-up followed by emergency, stretching out far beyond 2018 - except for two things. As time passes, the damage caused by currency instability is gradually going to mount; and the very tends that will make it mount are making the utopia of monetary union feasible.

The new world economy

The biggest change in the world economy since the early 1970's is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world's financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile.

Alongside that trend is another - of ever-expanding opportunities for international trade. This too is the gift of advancing technology. Falling transport costs will make it easier for countries thousands of miles apart to compete in each others' markets. The law of one price (that a good should cost the same everywhere, once prices are converted into a single currency) will increasingly assert itself. Politicians permitting, national economies will follow their financial markets - becoming ever more open to the outside world. This will apply to labour as much as to goods, partly thorough migration but also through technology's ability to separate the worker form the point at which he delivers his labour. Indian computer operators will be processing New Yorkers' paychecks.

In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how.) The absence of all currency risk would spur trade, investment and employment.

The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate - and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.

As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.

The alternative - to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes.

Copyright of The Economist is the property of Economist Newspaper
Limited and its content may not be copied or emailed to multiple sites
or posted to a listserv without the copyright holder's express written
permission. However, users may print, download, or email articles for
individual use.

The Pheonix? Kind of like rising out of a collapse?

I'd say we're on track.

mark of the beast

There you go. Exactllyyy.

 

[reigndrop]

wawaweewa, how you dug up that Economist article from 1988 is pretty amazing. A world currency will not be good for the world. Multiple currency's keepsthe world in order, kind of like checks and balances.

 

[rko2004]

Originally Posted by potus2028

*Sidewayze*
If one religion is a sign of the end of times and the hallmark of the antichrist, why does your bible promote universal worship of 'the one true God'? Wouldn't that ideally mean that the whole world should have...one religion? Or does God want some folk 2 worship 'fake gods'...or...what?

OOOOh good one. Well I try to chime in. I'll try to answer this the best way I can. With Jesus He wont need to come on tv or youtube and say "Its meyour Lord, come with me" . When he comes back it'll be "like a thief at night". I and others know to be on the look out for those who claimto be Christ. Dude doesn't need a tv segment. Everyone will KNOW its him when he comes. And if everyone believed in Christ and knew atleast the basics ofwhat He taught and stayed in His word then there would be no fooling people.

wawaweewa, how you dug up that Economist article from 1988 is pretty amazing. A world currency will not be good for the world. Multiple currency's keeps the world in order, kind of like checks and balances.
Yeah he did some grave diggin fo show.

.

But thats what they want to get rid of. Checks and Balances. Makes things easier. As a matter of fact peep the 700 billion dollar bailout. They one dude allthat power with no one to look over his shoulder.

"Judge not, that you be not judged. For with the judgment that you pronounce you will be judged, and the measure you give will be the measure you get. Why do you see the speck that is in your brother's eye, but do not notice the log that is in your own eye? Or how can you say to your brother, "Let me take the speck out of your eye," when there is the log in your own eye? You hypocrite, first take the log out of your own eye, and then you will see clearly to take the speck out of your brother's eye."
Nice.

But yeah duke don't go calling people out like that. You may think your doing right but you may be turning them away from Christ.

 

[wawaweewa]

Originally Posted by reigndrop

wawaweewa, how you dug up that Economist article from 1988 is pretty amazing. A world currency will not be good for the world. Multiple currency's keeps the world in order, kind of like checks and balances.

I wish I did but it's been out there for a while.
I've come across it before but again stumbled upon it yesterday so I decided to post it on NT.

*@!%'s out there.

 

[getthismoney]

P.O.B. EARRRRRRLLLLLY

 

[ghostwriter]

Wasn't that the name of the most powerful mutant in X-Men?

 

[banks2pierce]

New World Order.

World currency. World government. World religion. The rich get richer. Poor get poorer. Royal bloodlines stay in power. We are all slaves.

wawa, you on ATS?

 

[ptrakarn23]

Originally Posted by corporateJP

We won't even make it that far, playboy.

2012, we're all hash-browns.

Thanks for the post, though.

+1

 

[devildog1776]

the bible aint got nothing to do with this.... whosoever control our monetary system aint worrying about jesus coming back...


















bodily waste will hit the fan soon believe it

 

[bjm5295]

Man, the Bible is supposed to be a guide, not a prophecy...

The idea is interesting, to say the least. I can see this happening at some point, or at least a world powers version of it, be it in our lives or not.

 

[jordanlover34]

everyone better get in survival mode and hide mode if u dont want to take the mark of the beast