The pope publishes a paper on economics
January 13th, 2017 at 7:10:09 AM permalink | |
Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 | The new world the Pope envisions is a gradual transformation of current international institutions such as UN, ECB, IMF and G20, into strengthened and centralized world authorities to which nations and individuals give their sovereignty:
When the ECB was created, there was discussion of the world currencies being reduced to 4 or 5 global currencies. Now after two decades the Euro zone seems to have expanded by a few percentage points with the the following seven countries : Slovenia (2007), Cyprus (2008), Malta (2008), Slovakia (2009), Estonia (2011), Latvia (2014) and Lithuania (2015). Bulgaria, Croatia, Czech Republic, Hungary, Poland, and Romania don't have a target year. Sweden seems determined to move to an electronic currency, and Denmark is not obliged to join. If Sweden does adopt a pure electronic currency, the Swedish crown can be fixed to the Euro much easier by government decision. Although at present 1 EUR =9.47913SEK it wouldn't necessarily be required to fix at an easily converted exchange rate of 1 EUR = 10 SEK. Right now Sweden is circulating 144€ per capita in small banknotes and 452€ per capita in larger value banknotes. If they do eliminate most of the larger value banknotes, then an even exchange rate would be helpful with the small bills. Is anyone going to take the Pope's paper seriously, or will it be chalked up to naive commentary? |
January 13th, 2017 at 7:21:42 AM permalink | |
Nareed Member since: Oct 24, 2012 Threads: 346 Posts: 12545 |
Yes. The French foreign minister is reported to have said at the Paris conference after WWI "God gave us ten commandments. We broke them. Mr. Wilson has given us fourteen points. We shall see," Did the European powers take Wilson seriously, or did they think he was naïve? The answer is: yes. Donald Trump is a one-term LOSER |