have an international solution to join currencies into 1 basket, like Wocu (Wocu.com)? That way countries still hold on to their national currencies, yet volatility is reduced substantially.
Quote from JSSPMK: ----an international solution....
----join currencies into 1 basket....
----countries still hold on to their national currencies....
----yet volatility is reduced substantially.
Cooperative solutions can "work" only if everybody cooperates to make the thing work. Everybody has to bring something different to the "pot luck supper", not only a green bean casserole.
You'd be amazed what people do to scam the central banks of shitty countries. This is done by insiders in the country and outsiders. Just read "hot Money" by R.T Naylor. He writes about a whole bunch of them.
have an international solution to join currencies into 1 basket, like Wocu (Wocu.com)? That way countries still hold on to their national currencies, yet volatility is reduced substantially.
