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Sep 25, 2007 2:42 AM GMT
Currency fluctuations such as we see between the U.S., Japan, and Europe and among all countries or monetary unions around the world are wasteful, risky, and unnecessary. What is needed is a Single Global Currency, managed by a Global Central Bank within a Global Monetary Union. (See www.singleglobalcurrency.org) If the euro can be used successfully by 13 nations, soon to be 15, and later 22 nations, why not move to a currency to be used by all 191 members of the United Nations for international transactions AND for internal transactions such as the payment of taxes. The implementation of a Single Global Currency will save the world approximately $400 billion in foreign exchange transaction costs, and will eliminate currency crises and balance of payment problems and eliminate all the currency fluctuations that bedevil our globalizing world. The goal of the Single Global Currency Assn. is a Single Global Currency by the year 2024, only 17 years away.
Sep 25, 2007 2:12 AM GMT
If a little depreciation is good then more is better. Let's drop the dollar down to zero - think of how good our exports will do!