The benefits of a possible global single currency

1. The benefits of a possible global single currency Does the world and humanity need a single world currency? Is it possible that there are more than one hundred and fifty national or state coins? Would a single world currency be an incentive to increase world wealth faster? Would it prevent global economic conflicts or reduce them? The world is already globalized in many ways and therefore, it would have to be in this too. Under the patronage of the UN and the consent of the vast majority of the world's states, it is a necessity to satisfy a multitude of human rights, to avoid economic conflicts that can end in political and military conflicts, to create a world economic order in consensus and in peace; to create new positive synergies between the world's natural resources, human resources and financial resources. A single world currency would reduce economic crises or at least, it could be a new instrument of control and adaptation of reality and economic and financial systems. We can not ignore that the global economic crisis that we are suffering and others that may come in the future could, in a sense, slow down, diminish the consequences and the causes. Do not forget that in those world economic crises dozens of millions of human beings, when not hundreds, for months or years have to go through economic, personal, political, very serious family situations. Even generations can be reduced in their economic, social, sentimental possibilities and with consequences for lustros. So if a single world currency reduce such suffering we should not try to move toward that goal, Trade and economic disputes could be reduced and cooperation and synergies between States and continents would increase. So that could be created many more possibilities of wealth, economic wealth and in every way. It would reduce what are called trade wars, or at least reduce the possibility of falling into a world-wide economic conflict, with all the harmful consequences that this can cause, millions of unemployed, destruction in a short time of entire sectors of economic production in countries, developing countries that are not able to reach an economic minimum, and so on. It seems that Keynes in 1944 already raised the need for a single world currency or a supranational currency. Somehow it indicates that the three great currencies are the essential guide in world trade: dollar, euro, yen. And most national

2. currencies are in relation to the change with those currencies, especially the dollar. Whether we like it or not, somehow we are practically taking steps towards the "empirical union of a coin. A single world currency could greatly reduce costs, which could raise world production and world consumption, and possibly reduce unemployment and poverty, according to those who advocate such a global economic solution. A new Bretton Woods is needed to create a world currency or a single world currency to create a new world economic order which in turn is an instrument for increasing global wealth and reducing global poverty. In other words, the dollar as a world currency coin is replaced by another currency that is the product and agreement of the world consensus, the great world powers and that favors all societies, States. Would a single world currency reduce the need to hold so much national reserves? So that would make commerce more efficient and therefore, that reserve money as an incentive to create more wealth, and creating more wealth would reduce poverty and unemployment in the world. And as world wealth increases, the factors or variables that can produce conflicts or crises are economic or social or cultural-ideological or political or of any other order. If it is true that the Institute of International Finance, an entity that brings together or represents more than 400 banks with more financial resources, has advised that a single world currency be created, one of the instruments for a New World Economic Order and a Single World Bank, could this currency be promoted by the major international organizations: the IMF, the World Bank, the UN? Because the three instruments: a Single World Currency, a New World Economic Order and a Single World State would be the only serious and profound guarantee for the human being not to fall into a world conflict that could lead humanity to the brink of extinction . Because we can not forget that since August 6, 1945, the human being has reached the power, for the first time, in history that he can self- extinguish himself as a species. And this is the real challenge that we must try to overcome so that it does not happen.