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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

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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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%?)
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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

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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
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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
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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.

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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
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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 (?)
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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.
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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.
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SINGLE GLOBAL CURRENCY
  • www.singleglobalcurrency.org
  • IT'S COMMON CENTS.