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France Says Time Has Come To Ease Tensions With Russia
French Foreign Minister Jean-Yves Le Drian has called for an easing of tensions with Russia as a delegation of top French ministers met with officials in Moscow on Monday.
Russian Foreign Minister Sergei Lavrov responded by saying the rebuilding of ties was “possible and necessary” — this after French President Emmanuel Macron hosted President Vladimir Putin in southern France last month for talks.

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Originally posted by 6IXSTRINGJACK:
Interesting.

Wonder how that would play out. If every country in the world used one single currency.

I kind of can't wrap my mind around it. Would India be completely f'd and lose all of those jobs we outsource because they're all of the sudden paid the same as us? Or would nobody ever hire anybody in the US again because our cost of living here is so high? Would it be an equal playing field for everybody? Or would it be just another handout, this time on a global scale.

I really can't imagine that we'd have anything to gain but everything to lose in that scenario. I'm curious to any legitimate discussion by anybody who thinks it is a good idea, presents an actual case for it, and doesn't debase themselves by hurling insults my way.



Do Right, Be Right. :)

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Originally posted by 1KIKI:

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Originally posted by 6IXSTRINGJACK:
Interesting.

Wonder how that would play out. If every country in the world used one single currency.

I kind of can't wrap my mind around it. Would India be completely f'd and lose all of those jobs we outsource because they're all of the sudden paid the same as us? Or would nobody ever hire anybody in the US again because our cost of living here is so high? Would it be an equal playing field for everybody? Or would it be just another handout, this time on a global scale.

I really can't imagine that we'd have anything to gain but everything to lose in that scenario. I'm curious to any legitimate discussion by anybody who thinks it is a good idea, presents an actual case for it, and doesn't debase themselves by hurling insults my way.



Do Right, Be Right. :)

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Well, afaik they're not talking about a one world currency with individual countries replacing their internal currencies with the - let's call it the 'worldie'. As I understand it, at the moment I think roughly 70% of all world trade is valued in dollars, and dollars are electronically exchanged through SWIFT. So countries have to have a certain number of dollars in reserve, to enable these dollar-denominated purchases. (This is aside from the 'petrodollar' where OPEC oil sales are to be made in USD; and being increasingly bypassed by nation-to-nation deals made in denominations other than USD, like the ruble/yuan Russia/China contract.) USD denominated sales plus SWIFT helps make the USD valuable globally. If Bolivia want to sell coffee to England, England needs dollars to make the purchase, and Bolivia gains dollars to in turn buy wheat from Australia. But if trades are denominated in a 'basket of currencies' instead, the USD becomes less attractive, and its value in the currencies market goes down.

But, if I've misstated - I hope someone will help me out!

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Originally posted by 6IXSTRINGJACK:
Interesting.

Wonder how that would play out. If every country in the world used one single currency.

I kind of can't wrap my mind around it. Would India be completely f'd and lose all of those jobs we outsource because they're all of the sudden paid the same as us? Or would nobody ever hire anybody in the US again because our cost of living here is so high? Would it be an equal playing field for everybody? Or would it be just another handout, this time on a global scale.

I really can't imagine that we'd have anything to gain but everything to lose in that scenario. I'm curious to any legitimate discussion by anybody who thinks it is a good idea, presents an actual case for it, and doesn't debase themselves by hurling insults my way.



Do Right, Be Right. :)

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Originally posted by 1KIKI:Well, afaik they're not talking about a one world currency with individual countries replacing their internal currencies with the - let's call it the 'worldie'. As I understand it, at the moment I think roughly 70% of all world trade is valued in dollars, and dollars are electronically exchanged through SWIFT. So countries have to have a certain number of dollars in reserve, to enable these dollar-denominated purchases. (This is aside from the 'petrodollar' where OPEC oil sales are to be made in USD; and being increasingly bypassed by nation-to-nation deals made in denominations other than USD, like the ruble/yuan Russia/China contract.) USD denominated sales plus SWIFT helps make the USD valuable globally. If Bolivia want to sell coffee to England, England needs dollars to make the purchase, and Bolivia gains dollars to in turn buy wheat from Australia. But if trades are denominated in a 'basket of currencies' instead, the USD becomes less attractive, and its value in the currencies market goes down.

But, if I've misstated - I hope someone will help me out!

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Originally posted by 6IXSTRINGJACK:

It's all above my paygrade...

I'd better buy all the stuff I need to fix my house soon before this type of shit hits the fan and I can't afford it anymore.



Do Right, Be Right. :)

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