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Old 01-06-2013, 09:07   #210
devildog2067
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Join Date: Apr 2005
Location: Near Chicago, IL
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Quote:
Originally Posted by engineer151515 View Post
Great initial post. Globalization of currency.
Not gonna happen.

Quote:
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.

Quote:
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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