Global Currency was not something I would be interested in, until this topic came up in class. I think it would be a great idea for currency to be the same. Having to convert money while going to different countries is a problem. I think China is just trying to come up with a solution so maybe countries won't be able to loose money if one country is in trouble. The issue with counterfeiting will always exist regardless of where the money is being process and who and controlling it.
The problem with global currency is that taking away individual countries currency would be a long process. People would have to get used to the idea of spending money with different values, which would also change the prices to convert to that currency. Personally, I feel that people, especially older adults that have been using money for their entire life would not be too happy to the thought of changing their entire money mentality overnight. There are just too many variables to consider and by the time they come up with a responsible solution that the majority of countries can agree on, we won't be on this earth.
I beleive it is not fair that they do not warn us when food is genetically engineered. We do not know the side effects that these foods will produce. In the case that they tell us that they are genetically modified we would have the choice to buy these products or not and it would be our fault if we have negative side effects down the road.
Global Currency was not something I would be interested in, until this topic came up in class. I think it would be a great idea for currency to be the same. Having to convert money while going to different countries is a problem. I think China is just trying to come up with a solution so maybe countries won't be able to loose money if one country is in trouble. The issue with counterfeiting will always exist regardless of where the money is being process and who and controlling it.
ReplyDeleteThe problem with global currency is that taking away individual countries currency would be a long process. People would have to get used to the idea of spending money with different values, which would also change the prices to convert to that currency. Personally, I feel that people, especially older adults that have been using money for their entire life would not be too happy to the thought of changing their entire money mentality overnight. There are just too many variables to consider and by the time they come up with a responsible solution that the majority of countries can agree on, we won't be on this earth.
ReplyDeleteI beleive it is not fair that they do not warn us when food is genetically engineered. We do not know the side effects that these foods will produce. In the case that they tell us that they are genetically modified we would have the choice to buy these products or not and it would be our fault if we have negative side effects down the road.
ReplyDelete