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Old 01-06-2013, 09:07   #210
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Location: Near Chicago, IL
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Originally Posted by engineer151515 View Post
Great initial post. Globalization of currency.
Not gonna happen.

Will add devaluation of everybody's savings.
Every currency on the face of the planet already faces inflation; you don't need a single currency to devalue everyone's savings.

The exchange will not be 1:1. You dollar, your savings, you pension, your 401K will be instantly worth 1/10 of current value.
Again, not going to happen. That's not how currency devaluation works. In countries where this does/has happened (I was in Romania when they launched the new lei) prices are also adjusted by the same factor.
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