With all the recent news about currency wars (George Soros has alone earned $1 billion since November trading currencies) there is increased speculation about the future of money in our global system. Here is a look at some of the issues surrounding money in a global economy and why there might be a push towards a global currency.
Created by MoneyChoice.org
Admittedly, currency wars are not my area of expertise but the whole thing strikes me as being shady and unproductive for the economy. Just power fighting against power. A manipulative enterprise. Borderline theft.
It would be fascinating if a truly government independent, digital, global currency emerged from a grassroots effort like Bitcoin. A currency of the people and for the people. Chances are it would be subject to corruption as well, and that the powers that be would be fiercely opposed. But given the insane nature of our financial systems, it could be a much needed breath of fresh air.
via http://www.businesspundit.com
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