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A One World currency looks more likely each day that passes with the world economy in the state it is in here in 2010.
Economic data out of China and Australia have boosted the markets worldwide today. The gains will probably be short lived. Even though the markets are boosted today, the market has been a yo-yo for quite awhile now. This raises the question: Do we need to reform the currencies of the world into one common currency?
As a result of the global economic crisis, in 2009 both China and Russia have urged the governments of the world to consider a one world currency. The current standard is based upon the US dollar. In the 1990’s, the Japanese Yen was rivaling the dollar. With the economic decline that hit Japan soon afterward, the Yen dropped out of the picture. Today, the Euro is strong against the dollar.
Whatever the result, it still comes down to this: Gold. Gold is the standard that the currencies of the world are valued against. It’s all about Gold.
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