OUR ECONOMIC CRISIS AND WORLD LEADERS CALL FOR A GLOBAL CURRENCY What Will Your Next Dollar Look Like…

Global Currency/Supernational Currency/World Currency  Is defined as a currency in which the vast majority of international transactions take place and which serves as the world's primary reserve currency Properties of Currency  type of issuance,  type of issuer  type of backing

Types of Money Fiat Currency- it has value only by government order such as Federal Reserve Representative Money-money that consists of token coins, or other physical tokens such as certificates, th at can be reliably exchanged for a fixed quantity of a commodity such as gold or silver. Commodity Money-comes from the value from the source in which its made mediums of exchange include gold, silver, copper, salt, peppercorns, large s tones, decorated belts, shells, alcohol, cigarettes, can nabis, candy, etc.

Types of Money Currency-bank notes and coins of a particular government, which comprise the physical aspects of a nation's money supply Commercial Bank Money- claims against financial in stitutions that can be used for the purchase of goods and services. (Deposit Accounts at banks

Top Two Currencies Most Globally Used Today

Why The Call For A Global Currency In March 2009, Zhou Xiaochuan, President of the P eople’s Bank of China, as a result of the global econo mic crisis, China pressed for urgent consideration of a global currency. A UN panel of expert economists has proposed replacing the current US dollar-based system by greatly expanding the International Monet ary Fund's special drawing rights (SDRs).International Monet ary Fundspecial drawing rights

What Does This Mean A single global currency or super currency, as the pr oposed terra or the DEY (acronym for Dollar Euro Ye n), produced and supported by a central bank which is used for all transactions around the world, regardl ess of the nationality of the entities (individuals, corp orations, governments, or other organizations) invol ved in the transaction. No such official currency curr ently exists.terracentral bank

What Does This Mean? Supporters often point to the euro as an example of a supranational currency successfully implemented by a union of nations with disparate languages, cultures, and economies. Alternatively, digital gold currenc y can be viewed as an example of how global currenc y can be implemented without achieving national gov ernment consensus.digital gold currenc y

What Does This Mean? In addition to the idea of a single world currency, so me evidence suggests the world may evolve multiple global currencies that exchange on a singular market system. The rise of digital global currencies owned by privately held companies or groups such as Ven [15] su ggest that multiple global currencies may offer wider formats for trade as they gain strength and wider acc eptance.Ven [15]

This Does Not Mean With the use of a Single Global Currency, there would be no more need for expensive currency exchanges nor expensive hedges against currency fluctuations. Gone would be currency speculation and the risk of currency failures and balance of payment problems. A Such a currency would therefore be more efficient as a m eans of conveying true value, without consideration of th e political winds of the day. The Single Global Currency would be managed by a singl e global central bank, with representative governing boar ds for the people, governments and financial institutions of the world.

Benefits… The Global Central Bank would be financed by what ever benefits will come from the printing of money and seignior age. Any surplus monetary benefits co ming to the bank would be allocated to politically agreed-upon goals, such as the reduction of foreign debt or the eradication of disease or the support of family planning.