Currency Values

Metaverseguy: Currency is based on the integrity of the country that issues a bank note. No one wants to buy bonds from a city, state, or country that is going to go bankrupt. They want to earn profit. Currently, the most valuable currency is the British pound, following by the Euro, and then the Canadian Franc according to Bloomberg.

Interestingly, most currencies are specific to a country, but the Euro is a combination of banks and Hong Kong has a currency separately than China.

Of course in the western hemisphere politicians could create a currency that combines Canada, Mexico, and that country in the middle, but poor relations between the three countries hasn't allowed much economic flourishment. Texas wants to become their own sovereign state. I say we should give them their own currency so that when it is as valuable as the yen they can see that perhaps they should try and teach their progeny at least decent economic policy rather than "Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God."

GONZO_JOURNALISM: lmao @ "the candian franc" it's called a dollar up here too

Metaverseguy: I'm kind of jealous of other notes. Some are more secure and harder to counterfeit. Although, we have such a large country full of so many different businesses and shops and malls and restaurants it would probably be pretty hard to expect the printers to just change everything over night. Even if the fed did change things most stores would still have to accept old currency for 5-10 years. I remember hearing in Korea their bank account is attached to their driver's license. Even though it is probably unlikely for a giant country to change things it is probably feasible for a small region to go ahead and change things if they want.

Eagster: Yeah you got the whole canadian thing wrong dude.

Always Unabided: The US dollar is still the most stable, still used the most in international trade, is the currency used most to purchase oil, and is backed by a overwhelming military. Other currencies may be worth more inch for inch but their long term value is far less durable then the dollar.

If tomorrow there was another crash in international markets comparable to 2008, people would flock most to US bonds...It's the investment vehicle of last resort.

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