Gold coin symbolising future VIRTUAL world currency presented to G8 leaders

[dixiegrrrrl]

You may remember I posted a story last week about Japan being a "test market" for a
"cashless" society...

Now this:

The sample of the first "test" currency from the international project for a new virtual global currency, given the draft name, "United Future World Currency – Eurodollar," is made by Belgian Luc Luycx, who designed one side of the Euro coins.

The final name and symbol for the new currency will be decided in a competition for children in 1000 schools throughout the world, organised by the Museo del Tempo.
The Royal Mint of Belgium, one of the world’s most prestigious mints, has been the first to issue a test coin for this new currency, a special rare gold edition that was gifted at the G8 Summit.

The coins have a value of €2,800 (US$3,900) and were produced by the United Future World Currency, the group pushing the idea of a global currency.

The currency will also undergo an important public test run at the 2015 Milan Universal Expo.
http://www.bi-me.com/main.php?id=38819&t=1&c=37&cg=4&mset=1011


July 10 (Bloomberg) -- Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.”
“Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and touch it.”

The coin, which bears the words “unity in diversity,” was minted in Belgium and presented to the heads of G-8 delegations, Medvedev said.

The question of a supranational currency “concerns everyone now, even the mints,” Medvedev said. The test coin “means they’re getting ready. I think it’s a good sign that we understand how interdependent we are.”
Medvedev has repeatedly called for creating a mix of regional reserve currencies as part of the drive to address the global financial crisis, while questioning the U.S. dollar’s future as a global reserve currency. Russia’s proposals for the G-20 meeting in London in April included the creation of a supranational currency.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aeFVNYQpByU4

[Rick Myers]

1. Good, a coin marked '1' with a value of $3900.00!

Ok, I realize what it really is... A metaphor. But it's still quite ironic...

[Art_from_Ark]

10. Of course, saying it's worth $3900

and finding someone to give you $3900 for it, are two different things.

From what I can tell, the coin contains approximately 1/4 to 1/2 ounce of gold (assuming it has a fineness of 90% or 22K), which in today's market would be worth $225 to $450, plus whatever extra collectors might be willing to pay for it. But a coin like that might carry a premium of 10% at best, so I calculate the total maximum value as about $500.

[JuniperLea]

2. This stuff always fuels the Fundy Endtimer's League...

Ugh... I'll no doubt get various emails from Fundie relatives on this one.

[Po_d Mainiac]

3. Hope it won't fit into the slot on a washing machine n/t

[Tab]

4. Hmmm, and which group do we know

Starting with "Car" and ending in "lyle" has been investing in gold?

[Indenturedebtor]

5. If they pull this off that'll be the end of any economic health for the US and Britain

Yikes.

[dixiegrrrrl]

6. Glad someone else sees it.

Just heard a You tube clip of the Canadian PM saying the American will have to learn to do with less, and that other nations need to consume more to "balance the world economy".
Death knell of the dollar.

[Indenturedebtor]

7. Well it's a good thing that most of our economy is in manufacturing

or we might be fubared!

Whew......

[Xenotime]

8. Cash is outdated and serves no purpose in today's modern society.

Good to see the move away from it.

[Sentath]

11. Au Contraire

It allows me to shop in thrift stores without getting my credit dinged.

[The2ndWheel]

9. What is the most efficient number?

The diverse number of 1.

"Unity in Diversity". It makes so little sense that it can't actually be what they came up with. The same with E Pluribus Unum. Out of many, one. From diversity, to uniformity.

"The final name and symbol for the new currency will be decided in a competition for children in 1000 schools throughout the world"

Obviously. When you want power, you get the kids first. Any organized effort worth a damn knows that.

[phantom power]

12. Interesting. Is there some dollar-based "power" you have now?

That you are afraid of losing?