1998 mention of the need for a "common currency"Submitted by ch4d on Sat, 03/21/2009 - 05:25
I just think it's funny how they have been mentioning this for a really long time, yet people still seem to label it as a theory or no way possible. I believe if they have been mentioning it for over 10 years then why is there not 1 mention of it on mainstream, oh yeah...that's under the table business that doesn't take into effect the people's opinion. Polls show the majority is against bailouts, stimulus, (and if shown how the fed. reserve is creating the problems, that too). How do the majority not wake up to these problems. Their conditioned not to notice but it's right in front of their eyes!
Some commentators may have created another, false, relationship between these two technical challenges by suggesting that the Year 2000 problem is a creation of some that want to distract attention and resources from the euro. I know of no responsible person who would create the need to spend the large sums necessary to prepare for the century date change or risk other disruptions for the purpose of diverting attention from a legitimate and beneficial effort of creating a common currency for a major economic region. In addition, computer professionals have known of this problem for years and are, I believe, universal in recognizing its importance.
2004 Greenspan speaks about global reserve currency
Should globalization be allowed to proceed and thereby create an ever more flexible international financial system, history suggests that current imbalances will be defused with little disruption. And if other currencies, such as the euro, emerge to share the dollar's role as a global reserve currency, that process, too, is likely to be begin.