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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

Let’s Plan Now to Save

$Trillions for the World


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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)


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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%?)


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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


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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


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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


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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.


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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


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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 (?)


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  • 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.


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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.


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SINGLE GLOBAL CURRENCY

  • www.singleglobalcurrency.org

  • IT'S COMMON CENTS.


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