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Posted: 12/31/2001 8:21:01 PM EDT
[Last Edit: 12/31/2001 8:25:20 PM EDT by Libertoon]
12 countries have now as of midnight tonight adopted the eurodollar to replace their native currency. there will be about a 1-2 month cangeover depending on the nation. here is a link [url]http://news.bbc.co.uk/hi/english/business/newsid_1514000/1514799.stm[/url] personally i dont give a hoot, but this is history in the make. $$$lib
Link Posted: 12/31/2001 8:27:28 PM EDT
and one day they want us to use the Euro, or something equivalent of it in North America. Then we'll be part of the big world community, and what happens? oh no, other countries dont' allow guns, and neither should we.....there goes our 2nd ammendment.
Link Posted: 12/31/2001 8:27:52 PM EDT
Yawn. I think the only reason France signed on is that the UK didn't.
Link Posted: 12/31/2001 9:21:38 PM EDT
Annuit Coeptis Novus Ordo Seclorum
Link Posted: 12/31/2001 9:29:35 PM EDT
Link Posted: 12/31/2001 10:53:15 PM EDT
Originally Posted By Wolfpack:
Originally Posted By X--Kill: Annuit Coeptis Novus Ordo Seclorum
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Yea what he said! [bounce]
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Yeah, but what did he say?
Link Posted: 12/31/2001 10:55:04 PM EDT
Originally Posted By Beyond_Visual_Range: and one day they want us to use the Euro, or something equivalent of it in North America. Then we'll be part of the big world community, and what happens? oh no, other countries dont' allow guns, and neither should we.....there goes our 2nd ammendment.
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The "euro" for the western hemisphere will be the US dollar. A couple of countries like Ecuador and Panama use it as their currencies. Basically the Europeans are playing catch-up with the United States. They are attempting (in futility) to create an economic free trade zone like we have here in the USA. I think they will fail.
Link Posted: 1/1/2002 4:29:22 AM EDT
I'm more than sure we'll not fail. Your nation's interest is we do not fail too,a stronger Europe is a stronger western world,shoulder to shoulder. The EURO is not a threath to the US,not at all. PP out
Link Posted: 1/1/2002 4:38:07 AM EDT
Originally Posted By PincoPalla: The EURO is not a threath to the US,not at all.
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No, not now. But it is another step down a road. Now, all they need is a leader, a Man Of Peace, to show them the way. Not to worry, he is coming. [IMG]http://www.3dpcgame.com/cwm/s/contrib/aahmed/sad.gif[/IMG]
Link Posted: 1/1/2002 4:41:41 AM EDT
I do not see the things in that way,you do not have to see them so dark too. Someimes you , americans , look at us,europeans, as a possible enemy,I'd like to understand why ? PP out
Link Posted: 1/1/2002 5:07:13 AM EDT
Link Posted: 1/1/2002 5:25:28 AM EDT
I wonder if there will be an outlet where you can buy a bunch of the old money for the price of scrap paper? Since it is now obsolete there should be no reason for them to destroy it when they could sell it and make a Euro or two. I think it would be pretty cool to just have bundles and bundles of bills stashed in a little cheapo safe. I could tell my friends that I'm getting into becomming an international arms dealer. Hell, they would already believe me, but the tons of cash in foreign currency would just make it that much better. If anybody sees anything let me know.
Link Posted: 1/1/2002 5:33:11 AM EDT
Originally Posted By PincoPalla: Someimes you , americans , look at us,europeans, as a possible enemy,I'd like to understand why ? PP out
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Some Americans remember that we have fought 2 World Wars in Europe in the past 100 years. In that same period of time our European friends have also been our enemies. Rember these people? Adolph Hitler Benito Mussolini
Link Posted: 1/1/2002 5:37:33 AM EDT
Originally Posted By PincoPalla: I do not see the things in that way,you do not have to see them so dark too. Someimes you , americans , look at us,europeans, as a possible enemy,I'd like to understand why ? PP out
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Because, as we Europeans have problem to understand Americans, they have problems to understand us. I am glad the British are out of the Euro. For many reasons I don't want them to bring their sh*tful firearms laws in Europe. For the Euro: will it work or not? I'll make like the old chinese: I will seat on the bank of the river and wait. Maybe I will see other corpses to float than the Euro. The first I want to see is the UK Pound...
Link Posted: 1/1/2002 5:54:11 AM EDT
We could have stopped all this nonsense by simply declaring at the end of the Second World War that (1) the US Dollar will be the World's only currency, and (2) representative democracy will be the only tolerated form of government. And then set about doing it! But then we would have become the jack-booted thug of world history! Eric The(Ah,TheCFR&TheTrilateralCommissionReallyScrewedUpOnThatO­ne!)Hun[>]:)]
Link Posted: 1/1/2002 6:17:01 AM EDT
Yeah, but where can I buy pallets and pallets of worthless currency!!!
Link Posted: 1/1/2002 6:51:39 AM EDT
Originally Posted By EricTheHun: We could have stopped all this nonsense by simply declaring at the end of the Second World War that (1) the US Dollar will be the World's only currency, and (2) representative democracy will be the only tolerated form of government. And then set about doing it! But then we would have become the jack-booted thug of world history! Eric The(Ah,TheCFR&TheTrilateralCommissionReallyScrewedUpOnThatO­ne!)Hun[>]:)]
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Yea, but WHICH US DOLLAR? The original, with the beautiful engraving on both sides, or the new improved piece of crap one, with the off-center, oversize, cartoon faces and hardly any artwork on the back?
Link Posted: 1/1/2002 6:52:30 AM EDT
Why the Silver Certificates of 1945, of course!
Link Posted: 1/1/2002 7:03:37 AM EDT
Originally Posted By Wolfpack:
Originally Posted By X--Kill: Annuit Coeptis Novus Ordo Seclorum
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Yea what he said! [bounce]
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YEAH!
Link Posted: 1/1/2002 7:41:19 AM EDT
I am holding on to the guilder for as long as I can pay with them. Just went out to buy some smokes and got change in Euro's...the coins feel like the coins my friends two year old daughter has in her toy cashregister... I for one am gonna miss the guilder... Remember the last time we had one currency it was the reichsmark..... Kuiper
Link Posted: 1/1/2002 9:04:45 AM EDT
Originally Posted By ECS: Rember these people? Adolph Hitler Benito Mussolini
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Sure I remember them,old story,almost 60 years are gone since then. .....But,look,If you look deeper in yr past you'll find enemies at home,you remember your wars at home ? PP out
Link Posted: 1/1/2002 9:06:23 AM EDT
Originally Posted By PaoloAR15: ......I don't want them to bring their sh*tful firearms laws in Europe.......... ......The first I want to see is the UK Pound.....
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I completely second you. PP out
Link Posted: 1/1/2002 9:24:21 AM EDT
Originally Posted By Waldo: ... All I see it leading to is a single European state, loss of all national sovereignty, ect....
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Uh... loss of national sovereignty? A single European state? Because they use a common currency? The following countries use the American Dollar as their currency: American Samoa British Virgin Islands Ecuador El Salvador Guam Guatemala Marshall Islands Micronesia, Federated Northern Mariana Palau Panama Puerto Rico Turks and Caicos Virgin Islands As far as I know, they all still have a rich cultural and historic background. And still no "Western Hemisphere" state. Take off your tin foil hat for a second and relax. Av.
Link Posted: 1/1/2002 9:42:32 AM EDT
I've been to Europe, Africa, and the Caribbean; and the US Dollar was accepted more readily than American Express. The US Greenback is as close to an international currency as need be.
Link Posted: 1/1/2002 9:50:30 AM EDT
That's why I love the dollar. As much as the world might be better off with a standard currency, I can use the dollar just about anywhere. And still no loss of national sovereignty. [;D] Av.
Link Posted: 1/1/2002 12:14:05 PM EDT
[Last Edit: 1/1/2002 12:27:03 PM EDT by Waldo]
Link Posted: 1/1/2002 2:31:58 PM EDT
Originally Posted By PincoPalla: I do not see the things in that way,you do not have to see them so dark too. Someimes you , americans , look at us,europeans, as a possible enemy,I'd like to understand why ? PP out
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Well, first off, I and most people here don't see Europeans as the enemy. I like most all Europeans I have met. My comments about the Euro failing weren't malicious. I don't HOPE the euro will fail. I am just skeptical Europe's attempt at a free-trade zone will be as successful as the USA's. The USA has had this free-trade principle written into our constitution from the start, and we have a central government for a unified nation. We didn't have a national currency like the dollar until our civil war in 1860, but the laws that allow free trade are the most important thing. It is a lot more complicated in Europe, where there are separate national interests and differing economic situations. For example, will monetary policy that is good for Germany be good for Italy? Will Italians be willing to suffer through bad economic situations in this example, while Germans prosper?
Link Posted: 1/1/2002 2:40:56 PM EDT
Another thing, I don't think that the Euro is a bad thing, or bodes ill for US sovereignty down the road. You wont see the US adopting the euro as a currency. Single currencies make sense if you want to facilitate international trade and investment. Part of the reason Argentina's in trouble is because they pegged their currency to the value of the US$, to reduce exchange rate risk and encourage investment. As long as they had a reserve of enough US dollars on deposit, this scheme worked. They could have achieved the same effect by adopting the US$ as their national currency, something that was proposed and that I wrote a college research paper on. I tried to figure out which scheme was better, and I thought dollarization was better, especially if all south american countries adopted it, and they all joined NAFTA.
Link Posted: 1/1/2002 2:50:47 PM EDT
Some of the more oblivious Europeans need to realize the writing on the wall. Europe has the EU. Now they have the "Euro". On top of that, the UN (which all of us have to deal with, unfortunately). If some of you can't see what the next steps will be in the future, then you need to refresh on your history. PincoPalla: Why do we see Europe as a threat? Europe has spawned: WWI, WWII, socialism, communism, the UN, repressive gov't, and now; modern liberal, anti-freedom society. All that compounded by the fact that Europeans think they are superiour to America in every way, and that it is their duty to bring their non-think to us.
Link Posted: 1/1/2002 3:22:05 PM EDT
Originally Posted By EricTheHun: We could have stopped all this nonsense by simply declaring at the end of the Second World War that (1) the US Dollar will be the World's only currency, and (2) representative democracy will be the only tolerated form of government. And then set about doing it! But then we would have become the jack-booted thug of world history! Eric The(Ah,TheCFR&TheTrilateralCommissionReallyScrewedUpOnThatO­ne!)Hun[>]:)]
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Patton hisself couldnt have said it better!
Link Posted: 1/1/2002 3:43:47 PM EDT
Originally Posted By X--Kill: Annuit Coeptis Novus Ordo Seclorum
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Please..........allow me to translate. The phrase is Latin and it has several variations of the same underlying meaning. "A New Order of the Ages is here....He (God?) has favored our undertakings" "The New Series of the Ages is favourable to our undertakings" "The Great Series of the Ages Begins anew" "A New Order of the Ages" This phrase appears on the back of the good old US dollar bill. Within the seal containing this phrase is also an unfinished pyramid and an overseeing symbol of the All Seeing Eye. Funny thing to be on our own currency huh? Actually, I think the way, as was prophesied, has/is being paved. All we need now is peace between Israel and Palestine and someone to lead. soon............soon enough.
Link Posted: 1/1/2002 3:46:06 PM EDT
At End of WWII, maybe also it could have been declared as Ruble (100 kopecks) as the officail world currency by Stalin.
Link Posted: 1/1/2002 3:49:29 PM EDT
Post from njogi -
At End of WWII, maybe also it could have been declared as Ruble (100 kopecks) as the official world currency by Stalin.
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No, not if we threatened to strike first, you know, before all the Quislings in the US were able to assist the Soviets in making an atomic bomb! Eric The(ThinkOfAllTheSoulsThatWouldHaveBeenSaved!­)Hun[>]:)]
Link Posted: 1/1/2002 4:03:47 PM EDT
[Last Edit: 1/1/2002 4:04:47 PM EDT by Avalon01]
Originally Posted By stubbs: Some of the more oblivious Europeans need to realize the writing on the wall. Europe has the EU. Now they have the "Euro". On top of that, the UN (which all of us have to deal with, unfortunately). If some of you can't see what the next steps will be in the future, then you need to refresh on your history.
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I still fail to see why the Euro is such a bad thing. It help promote trade between many different countries, all using different currencies. Imagine if every state had their own currency, and the exchange rate was different all over the US. Makes it a pain in the ass for someone to travel from IL to WI if the currency is different. Creating a single currency solves the problem. Also, last time I checked, the EU and the UN were voluntary participation. Please refresh my history. What are you refering to? [peep] Av.
Link Posted: 1/1/2002 4:09:22 PM EDT
The Roman Empire is being reborn.And yes though not a devout christian,i believe Prophecy is being fufilled.
Link Posted: 1/1/2002 4:09:44 PM EDT
Originally Posted By Waldo: ... "European Citizen" [url]http://europa.eu.int/abc/rights_en.htm[/url] ...
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Seems like a good idea. From the website: [i] "Citizenship of the Union is hereby established. Every person holding the nationality of a Member State shall be a citizen of the Union. Citizenship of the Union shall complement and not replace national citizenship" (Article 17 of the Treaty establishing the European Community). In concrete terms European citizenship confers four specific rights on all nationals of EU Member States: the right to move freely and to stay in the territory of Member States; the right to vote and to stand as a candidate in local and European Parliament elections in the Member State of residence; entitlement to protection, in a non-EU country in which a citizen's own Member State is not represented, by the diplomatic or consular authorities of any other Member State; the right to petition the European Parliament and to apply to the European Ombudsman. [/i] Seems to make sure that people in Europe are protected from oppresive governments, the have the right to move between different members of the EU, and they can be a part of the EU parliment. Where is the problem? Av.
Link Posted: 1/1/2002 4:21:45 PM EDT
The real fun is going to be tomorrow, when the currency markets open for the first time after this... Will the deflating US Dollar crush the Euro the way it has crushed Argentinas peso? England didnt adopt the Euro- but the value of the pound will now be pegged to the Euro. Will England be happy when the pound suddenly looses 1/3rd of its value against the dollar?? Course Spain, Italy, Turkey, and Ireland are loving this, since it eases their perennial credit crunches... And no one ought to forget, that the Euro is really the means with which Germany is going to overturn the results of the two world wars and become the dominant power in Europe...
Link Posted: 1/1/2002 6:09:52 PM EDT
Originally Posted By PincoPalla:
Originally Posted By ECS: Rember these people? Adolph Hitler Benito Mussolini
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Sure I remember them,old story,almost 60 years are gone since then.
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How about Slobodan Milosovec?
Link Posted: 1/1/2002 6:41:14 PM EDT
Originally Posted By Avalon01:
Originally Posted By Waldo: ... "European Citizen" [url]http://europa.eu.int/abc/rights_en.htm[/url] ...
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Seems like a good idea. From the website: [i] "Citizenship of the Union is hereby established. Every person holding the nationality of a Member State shall be a citizen of the Union. Citizenship of the Union shall complement and not replace national citizenship" (Article 17 of the Treaty establishing the European Community). In concrete terms European citizenship confers four specific rights on all nationals of EU Member States: Seems to make sure that people in Europe are protected from oppresive governments, the have the right to move between different members of the EU, and they can be a part of the EU parliment. Where is the problem? Av.
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Confers? Gee, the constitution doesn't [b]confer[/b] rights, it enumerates them... but then a government that confers rights wouldn't ever revoke them now, would they? That's where the problem is (at least in my opinion). If the government - and with a parliment, and "rights" conferred like being able to run for [b]local[/b] office, even if I'm not a national of that country (It sound like that's a "right" in that paragraph) it sounds like a legitimate government - can confer rights, it can decide to suspend or revoke those rights at any time. Get a ruling body into place, and tell them they can make law, and they will make law bringing the power to themselves (and we do know how it works here in the states).
Link Posted: 1/1/2002 8:27:40 PM EDT
Originally Posted By tdkak: The Roman Empire is being reborn.And yes though not a devout christian,i believe Prophecy is being fufilled.
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ROFL! This band of squabbling socialist governments with militaries of tissue paper would make the real Roman empire laugh its ass off.
Link Posted: 1/1/2002 9:22:13 PM EDT
What about those new yellow dollars? And how about the red dollars after the implementation of the yellow ones. What interesting times indeed that we are going to be witness to.
Link Posted: 1/1/2002 11:13:24 PM EDT
Originally Posted By RikWriter:
Originally Posted By PincoPalla:
Originally Posted By ECS: Rember these people? Adolph Hitler Benito Mussolini
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Sure I remember them,old story,almost 60 years are gone since then.
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How about Slobodan Milosovec?
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I don't remember that Serbia was part of EU...
Link Posted: 1/2/2002 12:19:30 AM EDT
If I was a European, I'd fire up the high-quality laser printer, get some specialty paper that is similar to the Euro paper and pass counterfeit notes for a few days before people get familiar with the Euro and know what it's supposed to look/feel like in their hands.
Link Posted: 1/2/2002 12:28:51 AM EDT
The only thing significant, in financial terms, is that "bad money" will always replace "good money". For instance, in times of stress, you will keep your Krugerrands and give out you paper money in change. It's the reason, IMHO, that the Brits are waiting – but they will convert to the Euro in less than a year or two. The idea that it makes any difference, in terms of commerce, is ridiculous. The ONLY thing the Euro is designed to do is to cement the concept of a unified Europe. Amongst other reasons (French resentment over Germany's post-war industrial ascendency), the concept was basically a response to the idea that, post WW2, the US and USSR superpowers might swamp the independent nations of Europe. Once that concept of European unification was in motion, there was/is little that can reverse the process – although I'm sure the CIA is working on it.! It was once considered (by the U.S.) as a good thing, however, since the collapse of the USSR, a unified Europe is now perceived as a threat – hence my comments re the CIA.
Link Posted: 1/2/2002 5:09:11 AM EDT
Well said; Europe is a rather large area. Lots of diversity and cultural as well as historical differences. But, let's not ignore the fact of those 2 events called the World Wars essentially started by Europeans. Might I add that these occured around time periods in which the US were more focused on internal affairs rather than as a "world watcher." Heck, the US gov't had to work mighty hard to get the US involved in those wars also, nearly to the point of manufacturing militaristic feelings (but that's another topic) Read a magazine article recently. Some guy was expounding the triumphs of this EU thing. Seems like he mentioned specifically that there were previous attempts to "unify" Europe. People like Hitler, Napoleon, etc. But of course, he, proudly, points out that THIS time, their using "peaceful" means. I for one, don't trust it one bit. Unification entails giving up a rather simple concept- it's called self-determination and rule. As for your "PEACEFUL" unification. . .THIS time. Hidden resentments always seem to rise to the top once little problems come up. Let's see an example: Because, as we Europeans have problem to understand Americans, they have problems to understand us. "I am glad the British are out of the Euro. For many reasons I don't want them to bring their sh*tful firearms laws in Europe. I'll make like the old chinese: I will seat on the bank of the river and wait. Maybe I will see other corpses to float than the Euro. The first I want to see is the UK Pound..." (by paolo) I wonder what would happen if the UK did decide later on to join. . .and you guys get into "difficulties" in the governmental body? What's next? "PEACEFORCERS" to be dispatched? Oh and one very very interesting trend I've noticed. It seems that all these articles about the EU and it's eventual triumph points towards the it's rise AGAINST the US. Either politically and especially against the US Dollar. YOUR. . ."peaceful" gathering of nations- after over 2000 odd years of warfare and violence- is really nothing more than a mass MOBILIZATION to counter the US . . . ostensibly economically . . later. . . militaristically?
Originally Posted By ECS:
Originally Posted By PincoPalla: Someimes you , americans , look at us,europeans, as a possible enemy,I'd like to understand why ? PP out
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Some Americans remember that we have fought 2 World Wars in Europe in the past 100 years. In that same period of time our European friends have also been our enemies. Rember these people? Adolph Hitler Benito Mussolini
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Link Posted: 1/2/2002 6:46:23 AM EDT
Originally Posted By Kaimeara: Well said; Europe is a rather large area. Lots of diversity and cultural as well as historical differences. But, let's not ignore the fact of those 2 events called the World Wars essentially started by Europeans. Might I add that these occured around time periods in which the US were more focused on internal affairs rather than as a "world watcher." Heck, the US gov't had to work mighty hard to get the US involved in those wars also, nearly to the point of manufacturing militaristic feelings (but that's another topic) Read a magazine article recently. Some guy was expounding the triumphs of this EU thing. Seems like he mentioned specifically that there were previous attempts to "unify" Europe. People like Hitler, Napoleon, etc. But of course, he, proudly, points out that THIS time, their using "peaceful" means. I for one, don't trust it one bit. Unification entails giving up a rather simple concept- it's called self-determination and rule. As for your "PEACEFUL" unification. . .THIS time. Hidden resentments always seem to rise to the top once little problems come up. Let's see an example: Because, as we Europeans have problem to understand Americans, they have problems to understand us. "I am glad the British are out of the Euro. For many reasons I don't want them to bring their sh*tful firearms laws in Europe. I'll make like the old chinese: I will seat on the bank of the river and wait. Maybe I will see other corpses to float than the Euro. The first I want to see is the UK Pound..." (by paolo) I wonder what would happen if the UK did decide later on to join. . .and you guys get into "difficulties" in the governmental body? What's next? "PEACEFORCERS" to be dispatched? Oh and one very very interesting trend I've noticed. It seems that all these articles about the EU and it's eventual triumph points towards the it's rise AGAINST the US. Either politically and especially against the US Dollar. YOUR. . ."peaceful" gathering of nations- after over 2000 odd years of warfare and violence- is really nothing more than a mass MOBILIZATION to counter the US . . . ostensibly economically . . later. . . militaristically?
Originally Posted By ECS:
Originally Posted By PincoPalla: Someimes you , americans , look at us,europeans, as a possible enemy,I'd like to understand why ? PP out
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Some Americans remember that we have fought 2 World Wars in Europe in the past 100 years. In that same period of time our European friends have also been our enemies. Rember these people? Adolph Hitler Benito Mussolini
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I guess that Civil War between North And South of USA in the past century is called "Civil" because it was peaceful and respecting self-determination rights of the Southern States of USA. Or the Tonkino Incident was provocated always by some uncivilized war-loving european country. Or the Conquest of the West was something done with the consensus of the Indian Tribes...
Link Posted: 1/2/2002 8:35:14 AM EDT
Originally Posted By PaoloAR15:
Originally Posted By RikWriter:
Originally Posted By PincoPalla:
Originally Posted By ECS: Rember these people? Adolph Hitler Benito Mussolini
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Sure I remember them,old story,almost 60 years are gone since then.
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How about Slobodan Milosovec?
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I don't remember that Serbia was part of EU...
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But it is part of Europe, which was the point of the post you were answering.
Link Posted: 1/2/2002 8:50:40 AM EDT
Originally Posted By RikWriter:
Originally Posted By PaoloAR15:
Originally Posted By RikWriter:
Originally Posted By PincoPalla:
Originally Posted By ECS: Rember these people? Adolph Hitler Benito Mussolini
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Sure I remember them,old story,almost 60 years are gone since then.
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How about Slobodan Milosovec?
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I don't remember that Serbia was part of EU...
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But it is part of Europe, which was the point of the post you were answering.
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Listen, generalization are useless. We are talking about European Union and Euro, not about Geographical Europe. When a shooting happened in the USA and the Italian media reported that happened because "it's so easy to get a gun in the US", they show only their arrogance and ignorance, because they assume that USA are all the same and not a federal based nation with many different gun laws. Serbia is geogrphically Europe. I agree. But from the political, social standards point of view the Serbia of Slobodan Milosevic is closer to Uzbekistan or the CSI. We have nothing to share with them.
Link Posted: 1/2/2002 8:51:43 AM EDT
lets just say that we are a suspisiouse (sp?) people, and will vigorousely investigate and disaprove of anything that is done by a potential enemy. witch the eu certainly is.
Link Posted: 1/2/2002 9:14:56 AM EDT
Originally Posted By PaoloAR15: I guess that Civil War between North And South of USA in the past century is called "Civil" because it was peaceful and respecting self-determination rights of the Southern States of USA. Or the Tonkino Incident was provocated always by some uncivilized war-loving european country. Or the Conquest of the West was something done with the consensus of the Indian Tribes...
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Its called a "Civil" was because it was an internal United States war, we were not at war with another country. The conquest of the West was not done with the 'consensus' of the Indian tribes. The Indian tribes were decimated by US Soldiers. We killed their Buffalo and stole their lands. But, again no European countries were involved in the fighting, at least I don't know about any. I'm sorry but I don't know what the "Tonkino Incident" was.
Link Posted: 1/2/2002 9:27:05 AM EDT
Could somebody please enlighten me on monetary policy? I'll use the US currency as my example. Originally, US currency was backed up by precious metals - Gold and Silver. You could take your paper money, go to the bank and trade it in for Gold/Silver. The purpose of paper money was so you didn't have to lug all that heavy metal around with you. Then, [i] I think [/i] because of worries over manipulation of precious metals prices and the resulting impacts on US currency, we went off the Gold/Siver standard. At this point the only thing really backing up the US Dollar is the 'good faith' of the United States. Still, the United States is a well defined country. Now, lets consider the EURO. Can someone please explain whats backing up the EURO? Is it the 'good faith' of the participating countries? If and when Britian starts using the EURO, does that modify the 'good faith' clause somehow? Somebody help me!
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