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User ID: 67176778 Romania 01/19/2015 06:45 PM Report Abusive Post Report Copyright Violation | Flashback 1988: “Get Ready For A World Currency by 2018 – The Economist Magazine! At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates – a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder. More at: [ link to socioecohistory.wordpress.com (secure)] Last Edited by Cr1ogeN on 01/24/2015 03:58 PM |
Anonymous Coward User ID: 67184487 United States 01/19/2015 06:49 PM Report Abusive Post Report Copyright Violation | Re: Flashback 1988: “Get Ready For A World Currency by 2018 – The Economist Magazine! What do you think the euro was for? Little by little. NWO |
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User ID: 57782070 United States 01/19/2015 07:07 PM Report Abusive Post Report Copyright Violation | Re: Flashback 1988: “Get Ready For A World Currency by 2018 – The Economist Magazine! |