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Debate Info

8
6
For Against
Debate Score:14
Arguments:11
Total Votes:14
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 For (5)
 
 Against (6)

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trumpeter93(999) pic



A Global Currency

For

Side Score: 8
VS.

Against

Side Score: 6

There was a global currency. It was gold.

It was the standard that restricted fiat paper money from unbridled monetary expansion until governments across the globe decided that the gold standard is unattainable anymore and strictly now rely on fiat paper money.

As for a global fiat paper currency as the universal currency, this would be highly unrecommended. Technically, in the fiat paper currency world, the United States dollar is the global currency now because it is regarded as the standard, which means how currency is rated and traded.

Side: For
2 points

The argument can be made that ‘petroleum’ is the global currency having multiple fiat currencies as its proxy. But I am not here to argue that axiom.

Moreover, I am not here to dispute your intent. For, I am well aware of the pains that are associated with attempting a resolution of the current, global, economic system which is commonly obfuscated by the term ‘globalization’.

However, you do deserve a pat on the back. Very few people are capable of questioning the legitimacy, more rather the lack thereof, of the economic system they are both enslaved and destroyed by.

And to end my appraisal of both as succinctly as I can, I say thus: “ You see the category-six storm building in the horizon and are horrified thereby; your counterparts, on the other hand, see only bright, sun shinny days in the horizon and are daydreaming of the coming bliss."

God forbid you question their ‘coming bliss’!

Side: For
trumpeter93(999) Disputed
1 point

I don't like the idea of having a global paper currency either. Do you think the global currency is still gold? I don't think it is because the paper money used to buy the gold differentiates in value.

Side: Against
1 point

it would make free market capitalism a lot easier. but there is one thing that must be put down in order to allow this hope, centralized currency.

what i mean is before universal currency happens, we need all government affiliation out of it. they would no doubt try to form and mesh economies together in order to form a world government, something i tread. because then there would be no opposition to this Juggernaut if all followed suit and joined if for the economic "benefits"

Side: For
trumpeter93(999) Disputed
1 point

How would it make capitalism easier? The idea of capitalism is to get ahead. If all the countries had the same currency nobody could get ahead at least in that sense. Besides we don't use pure capitalism we use regulated capitalism.

Side: Against
1 point

I would be for it. It could be risky to have a fixed currency though as we can see in certain European countries.

Side: For

The risks are too big. If one country falls then the rest do. The current global market is unique because of differences in economies.

Look at Europe, they are suffering because of Greece. Because the Euro is doing badly, it's hindering the economic recovery around the world.

Side: Against
2 points

The Euro and currencies around the world suffer at the hands of central banks. Without the gold as the currency standard, money is arbitrary printed without oversight from the government.

Side: For
1 point

I personally like each country having its own currency. I collect coins and paper monies, and it's interesting seeing all the different artwork.

Side: Against

I am against it because it would lead to many problems. If one country fell, then it would drag the others down with it.

If someone could answer this question, I'd be greatly appreciated: Who would decide the value of the money?

Side: Against
1 point

i think individual currencies are better

currencies make each country individual so if you have the same currency as another country it looks like you belong to them

Also if there are different currencies it is easier to see how strong your currency is

Side: Against