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Author Topic: Globalization and Free Trade  (Read 953 times)

Offline Titan

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Globalization and Free Trade
« Reply #15 on: February 13, 2006, 11:29:01 AM »
Isn\'t it a global economy based on the global gold standard? When the economy booms in say Europe, doesn\'t it generate more money for us? I know nothing about economics.
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Offline hyper
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Globalization and Free Trade
« Reply #16 on: February 14, 2006, 03:28:13 PM »
Quote
Originally posted by Titan
Isn\'t it a global economy based on the global gold standard? When the economy booms in say Europe, doesn\'t it generate more money for us? I know nothing about economics.


No. The world did away with the gold standard a while ago. The global economy is now based on fiat money, with the dollar as the world reserve currency.
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Offline Avatarr
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Globalization and Free Trade
« Reply #17 on: February 14, 2006, 04:35:53 PM »
Yup. That James Bond movie where the superbadguy nukes Fort Knox to contaminate the gold deposit forced governments to act!
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