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SINGLE GLOBAL CURRENCY

SINGLE GLOBAL CURRENCY Let’s Plan Now to Save $Trillions for the World SINGLE GLOBAL CURRENCY ELIMINATE……...and SAVE, ANNUALLY FX transactions. (100 Billion-plus) Hedging costs. (Billions) National currency crises (Billions)

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SINGLE GLOBAL CURRENCY

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  1. SINGLE GLOBAL CURRENCY Let’s Plan Now to Save $Trillions for the World

  2. SINGLE GLOBAL CURRENCY ELIMINATE……...and SAVE, ANNUALLY • FX transactions. (100 Billion-plus) • Hedging costs. (Billions) • National currency crises (Billions) • FX Reserves (Billions) • Imbalances of Payments (Billions)

  3. SINGLE GLOBAL CURRENCY ADDITIONAL BENEFITS… • Eliminate Currency Risk and increase asset values by tens of $Trillions. • Eliminate FX speculation. • Eliminate gains & losses for holders of FX. • Eliminate risks of rapid capital flows. • Reduce inflation to target levels. (2%?)

  4. SINGLE GLOBAL CURRENCY FOREIGN EXCHANGE TRANSACTION COSTS TRADING = $1.8 TRILLION DAILY (200 days/yr) • @ .3% (cost as percent of transaction) = $5.4 BILLION DAILY COST = $1,080 BILLION ANNUALLY • @ .1% = $1.8 BILLION DAILY COST = $360 BILLION ANNUALLY

  5. SINGLE GLOBAL CURRENCY EXISTING GLOBAL STANDARDS • NUMBER SYSTEMS (DECIMAL, BINARY) • TIME(CALENDAR, 24 HRS, 7 DAY WEEK...) • COMPUTER (INTERNET, PROGRAMS...) • MEASUREMENTS (METRIC SYSTEM: WEIGHT, VOL, LENGTH, TEMP) • RADIO FREQUENCIES (MEGAHERTZ) • BAR CODES

  6. SINGLE GLOBAL CURRENCY ORGANIZATIONS AND GLOBAL PROGRESS • ANTI-SLAVERY SOCIETY, 1900’s • GREENPEACE, SAVE THE WHALES • INTL COMM. TO ABOLISH LAND MINES • TRANSPARENCY INTERNATIONAL • AMNESTY INTERNATIONAL • SINGLE GLOBAL CURRENCY ASSN

  7. SINGLE GLOBAL CURRENCY STABLE CURRENCY: A FUNDAMENTAL HUMAN RIGHT? • Article 17, of the Universal Declaration of Human Rights: (1) Everyone has the right to own property (2) No one arbitrarily deprived of property. • Needed: worldwide acceptance of a FUNDAMENTAL HUMAN RIGHT to a stable currency.

  8. SINGLE GLOBAL CURRENCY IMPLEMENTATION ROUTES TO THE SGC • Expand existing monetary unions. • Create new monetary unions. • "Ize" currencies to a major currency, i.e. dollarize • Convene intnl monetary conferences to plan SGC

  9. SINGLE GLOBAL CURRENCY THE WORLD  MONETARY UNIONS (MU) • 1967 BRUNEI-SINGAPORE. (drop 1 currency) • 1983 EASTERN CARIBBEAN MU. (7) • 1994 WEST AFRICAN MU. (7) • 2002 EUROPEAN MONETARY UNION. (11) • 2010 GULF COOPERATION COUNCIL. (5) • 2012 EMU ACCESSION COUNTRIES (10) • 2010-24? REG’L MONETARY UNIONS (?) • 2024? GLOBAL MONETARY UNION (?)

  10. SINGLE GLOBAL CURRENCY • WHICH WAY IS WORLD MOVING? • TOWARD MORE CURRENCIES? OR • TOWARD FEWER CURRENCIES? • WHERE WILL/SHOULD THIS TREND END? WITH A SINGLE GLOBAL CURRENCY. • THE BENEFITS OF GETTING TO A SINGLE GLOBAL CURRENCY FAR OUTWEIGH THE BENEFITS OF GETTING FROM 121 TO 120 OR FROM 65 TO 64 OR EVEN FROM 3 TO 2.

  11. SINGLE GLOBAL CURRENCY WE NEED SPONSORS/SUPPORTERS/$$$$ • IF YOU NOW BELIEVE THAT THE SINGLE GLOBAL CURRENCY WILL BE... • - GOOD FOR THE WORLD, OR • - GOOD FOR YOUR BUSINESS, OR BOTH • PLEASE CONSIDER SPONSORING OR SUPPORTING THE SINGLE GLOBAL CURRENCY ASSOCIATION.

  12. SINGLE GLOBAL CURRENCY • www.singleglobalcurrency.org • IT'S COMMON CENTS.

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