http://poliblogger.com/?p=12545 A rough draft of my thoughts... Fri, 05 Oct 2025 06:31:34 +0000 http://wordpress.org/?v=2.0.4 http://poliblogger.com/?p=12545#comment-1364656 Fri, 21 Sep 2025 11:47:05 +0000 http://poliblogger.com/?p=12545#comment-1364656 Currency fluctuations such as we see between the U.S. and the euro 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. Led by the example of Europe, regional monetary unions are being created and expanded around the world. However, as good as such regional unions may be, they still exist in an expensive multi-currency world. Their benefits will be dwarfed by the benefits of a Single Global Currency. 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 which bedevil our globalizing world. Also, a Single Global Currency would increase the values of assets in countries where currency risk is presently high, and the citizens of those countries would be less likely to send their money to safer financial centers. The goal of the Single Global Currency Assn. is a Single Global Currency by the year 2025, which is only 17 years away. Daunting as that goal may seem, please remember that in 1985, when the euro was still 17 years away from the pockets of Europeans, the prospects for ever abandoning the deutschmark, franc and guilder were low. Also, the Berlin wall was still standing and the Soviet Union loomed large. We need to start researching and planning now for a Single Global Currency to be managed by a Global Central Bank within a Global Monetary Union. Currency fluctuations such as we see between the U.S. and the euro 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. Led by the example of Europe, regional monetary unions are being created and expanded around the world. However, as good as such regional unions may be, they still exist in an expensive multi-currency world. Their benefits will be dwarfed by the benefits of a Single Global Currency.

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 which bedevil our globalizing world. Also, a Single Global Currency would increase the values of assets in countries where currency risk is presently high, and the citizens of those countries would be less likely to send their money to safer financial centers.
The goal of the Single Global Currency Assn. is a Single Global Currency by the year 2025, which is only 17 years away. Daunting as that goal may seem, please remember that in 1985, when the euro was still 17 years away from the pockets of Europeans, the prospects for ever abandoning the deutschmark, franc and guilder were low. Also, the Berlin wall was still standing and the Soviet Union loomed large.
We need to start researching and planning now for a Single Global Currency to be managed by a Global Central Bank within a Global Monetary Union.

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