Author Topic: Germany Will Bring Back Deutsche Mark (Read 13522 times)

Pax Vobis · « **Reply #5 on:** February 16, 2022, 08:15:44 PM »

One economist I follow predicted 4-5 years ago that the US and EU's currency would collapse (as well as many other countries in the world). What would happen is that a) new currencies would be created on a country level (i.e. a new US dollar and a new German deutsche mark) BUT...these currencies would ONLY be used locally (i.e. not internationally). A secondary, global currency would be created which would facilitate international trade. So you might have 2 US dollars (the local, US dollar and the international version) and 2 German marks.

There is no way that this global economic catastrophe ends without a global currency in some form - that's the entire purpose of the planned catastrophe. So a 2-tier system for each country makes sense. Time will tell...

Viva Cristo Rey · « **Reply #6 on:** February 16, 2022, 09:40:59 PM »

SimpleMan · « **Reply #7 on:** February 16, 2022, 09:42:21 PM »

Whatever one might think of the EU, having a common currency is very helpful in traveling there, and exchanging money over and over again is both costly and inconvenient.

Wonder if a better solution might be for each country to have its own currency, but have the currencies pegged to each other at par, and denominate them in such a way that one franc = one Deutsche Mark = one lire = one schilling... and so on.

There was a good solution in the 19th century with the Latin Monetary Union --- each country kept its own currency, but they were standardized. There was even an experimental US $4 coin called the "stella", which was intended to fit into this arrangement. But that was back when money was backed by specie instead of created by fiat.

https://en.wikipedia.org/wiki/Latin_Monetary_Union

https://en.wikipedia.org/wiki/Stella_(United_States_coin)

Miser Peccator · « **Reply #8 on:** February 16, 2022, 10:00:26 PM »

The International Bankers are clear about their plans to usher in the cashless society and digital TOKENS will be the worldwide currency.

Viva Cristo Rey · « **Reply #9 on:** February 16, 2022, 10:11:11 PM »

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Author Topic: Germany Will Bring Back Deutsche Mark (Read 13522 times)

Pax Vobis

Re: Germany Will Bring Back Deutsche Mark

Viva Cristo Rey

Re: Germany Will Bring Back Deutsche Mark

SimpleMan

Re: Germany Will Bring Back Deutsche Mark

Miser Peccator

Re: Germany Will Bring Back Deutsche Mark

Viva Cristo Rey

Re: Germany Will Bring Back Deutsche Mark