Posts Tagged ‘world currency’

Can the US dollar survive?

Monday, May 11th, 2009

News Story:

Some countries around the world such as China and Russia have expressed interest in a single worldwide currency.

Saudi Arabia, Bahrain and Qatar all support the continuing existence of the US dollar, noting its resilience even in the face of the current economic crisis.

Commentary:

One world currency is an interesting concept.  My question would be who would be the governing body to control the one currency.  This seems to be a possible way for an extreme amount of corruption to exist, and could be damaging to the US, if it were controlled more by European or Asian nations.