Conclusion





=Conclusion =

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After looking at both sides of the argument, it was concluded that while a world currency would make trade easier and get rid of the costs with converting, it would also cause some countries to have to deal with the debts of other countries and try to place the world countries on equal grounds. If China can manipulate the current market, imagine what China could do leading a world market. A world currency would be devastating for the United States and other super power countries because there are too many variables and too many countries like Communist China trying to gain a foot hold in the world economy. Communist China and other third world countries with huge deficits, economic disparities, and trade differences would want nothing more than a devalued U.S dollar to be replaced with a world currency. Can the United States afford to absorb the debt of other countries? If it is up to China the United States might not have a choice.