Thursday, September 22, 2011

[Free] Dosh?

    In our current world, Money is a huge issue that separates all peoples and all countries need it to show their worth but is necessary to have so many different kinds of currency. There are 179 different currencies in 196 countries not including Taiwan which has its own currency. I think that it is confusing and a waste to convert money and with the exchange rate being so awkward it makes people lose money most of the time. For example 20,810 Vietnamese dong is about 1.1 US dollar so if you were to convert 100 dollars to dong, you would get 2,081,000 dong but if you were to convert it back to US dollars you would lose a couple cents and maybe a dollar in the conversion plus the fee for the conversion. Now a single currency would be nigh impossible due to all the countries printing it and conflict to occur when a country prints too much. and causes inflation of prices and the degradation of the lone currency.

    A single currency would only work if there was a single all powerful government were to form in perhaps Antarctica but this is unlikely due to the fact that no country would form permanent bonds to other countries and nobody lives in Antarctica. If these events were to actually happen (it won't) then much convenience would come from it and we don't need to go through the trouble of money conversion. By the way if you don't know what dosh means, it's British slang for money.

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