Big changes to currencies coming soon! - The Money Guru Forum

Pharaoh · #1 (**permalink**) 04-01-2008

It looks like those new regulations announced yesterday will have a much more far-reaching impact than anyone expected.

Major Change To U.S. Currency! - Forex Peace Army Forum

alan · #2 (**permalink**) 04-01-2008

hahahahahahah....

good one Pharaoh! shoot...I missed the chance to fool some of you folks...hope you don't mind me publishing this one..it's too hilarious and I'm sure it will foolks some folks..especially those who don't read entire articles and only read the first few paragraphs or worse the headline..

All due credit will be give though

Pharaoh · #3 (**permalink**) 04-01-2008

Publish away! I'm happy someone enjoys my warped humor. Just post links to where it ends up.

alan · #4 (**permalink**) 04-01-2008

lol..yeah.. I too have a similar sense of humor...I can just see this spreading like wildfire through the blogosphere..it will sure make April Fools of a lot of folks..lool...

I already received one e-mail from someone that says "REMOVE PLEASE".

Pharaoh · #5 (**permalink**) 04-02-2008

Let's all hurry up and buy zinc now before the Zinc Standard goes into effect!

(Why do I have a bad feeling the Commodity/Futures regulators will be knocking on my door soon?)

alan · #6 (**permalink**) 04-03-2008

Quote:

Originally Posted by Pharaoh

Let's all hurry up and buy zinc now before the Zinc Standard goes into effect!

(Why do I have a bad feeling the Commodity/Futures regulators will be knocking on my door soon?)

let's see your CFTC license! c'mon now..make with the paperwork...lool

Pharaoh · #7 (**permalink**) 04-03-2008

License? We don't need no stinkin' license!

I'll just manipulate the zinc market however I please. What are they gonna do? Send jackbooted thugs to my door to take me awa. . .

OH SNOT! There's 3 vans with the CFTC logo pulling into my driveway right now. Looks like about a dozen jackbooted thugs are jumping out!

AAAAIIIIEEEEEE!!!!!!

alan · #8 (**permalink**) 04-03-2008

Quote:

Originally Posted by Pharaoh

License? We don't need no stinkin' license!

I'll just manipulate the zinc market however I please. What are they gonna do? Send jackbooted thugs to my door to take me awa. . .

OH SNOT! There's 3 vans with the CFTC logo pulling into my driveway right now. Looks like about a dozen jackbooted thugs are jumping out!

AAAAIIIIEEEEEE!!!!!!

Hmm..watch out..they may encase you in a solid block of Zinc! (a la Han Solo)

Speaking of metal backed currencies, I wonder if we will ever see a non fiat national currency emerge. I think most likely the emergence of a global currency or multiple "super-bloc" currencies could likely happen.

I'm waiting for the Amero...because national sovereignty is so passe...

Pharaoh · #9 (**permalink**) 04-03-2008

Lucky me - they got the wrong house. Now I'll just need a new front door.

I think the Swiss may actually at least partially back their currency with gold (I'm not 100% positive about this).

I keep hearing about Ameros and other regional currencies. There's a rumor of an Asia-wide currency, but that won't happen anytime soon. The Chinese still HATE the Japanese for the "Anti-Japanese War" (we call it World War II). After 10 years back under Chinese control, Hong Kong still has it's own currency. Macau also has it's own currency. If China won't work with Japan on this and doesn't even have a single currency for all of its own territory, there's a probability of a pan-Asian currency somewhere in the vicinity of zero percent anytime soon.

I could picture a US/Canada/Mexican currency, but they'd never just call it the Amero. The US loves the name dollar too much, as do the Canadians. Amero Dollars, North American Dollars, or something like that would be possible.

Alternatively, the US could just annex Canada and Mexico and keep using the US dollar. I'm sure we'd set up some generous way for Candians to exchange their dollars for US dollars after this happens. Maybe CAD10 buys USD1? :-)

(I give Alan about 2 seconds to hit the ceiling after reading that last paragraph.)

alan · #10 (**permalink**) 04-04-2008

Quote:

Originally Posted by Pharaoh

Lucky me - they got the wrong house. Now I'll just need a new front door.

I think the Swiss may actually at least partially back their currency with gold (I'm not 100% positive about this).

That would be neat. It uses to have partial backing but they took that away and gave in to the evils of fiat. Even so the Swiss Franc is still a "flight to safety" currency as often so is the yen, and if they bring back at least partial gold backing the swiss franc would only strengthen its reputation as a "rock solid" currency.

Quote:

I keep hearing about Ameros and other regional currencies. There's a rumor of an Asia-wide currency, but that won't happen anytime soon. The Chinese still HATE the Japanese for the "Anti-Japanese War" (we call it World War II). After 10 years back under Chinese control, Hong Kong still has it's own currency. Macau also has it's own currency. If China won't work with Japan on this and doesn't even have a single currency for all of its own territory, there's a probability of a pan-Asian currency somewhere in the vicinity of zero percent anytime soon.

Yep I agree with you. I don't foresee Japan and China co-operating anytime soon.

Quote:

I could picture a US/Canada/Mexican currency, but they'd never just call it the Amero. The US loves the name dollar too much, as do the Canadians. Amero Dollars, North American Dollars, or something like that would be possible.

Yep, we're all so used to that term that we'd be hard pressed to give it up. Amero sounds funny.

Quote:

Alternatively, the US could just annex Canada and Mexico and keep using the US dollar. I'm sure we'd set up some generous way for Candians to exchange their dollars for US dollars after this happens. Maybe CAD10 buys USD1? :-)

(I give Alan about 2 seconds to hit the ceiling after reading that last paragraph.)

lool..2 seconds...it only took 1 nanosecond..

I think most likely it will be the other way around if the US economy dives deeper into recession.

Time to keep a close eye on the NFP tomorrow.