SINGLE GLOBAL CURRENCY

1
SINGLE GLOBAL CURRENCY

• Lets Plan Now to Save
• Trillions for the World

2
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)

3
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?)

4
SINGLE GLOBAL CURRENCY

• FOREIGN EXCHANGE TRANSACTION COSTS
• TRADING 1.8 TRILLION DAILY (200 days/yr)
• _at_ .3 (cost as percent of transaction)
• 5.4 BILLION DAILY COST
• 1,080 BILLION ANNUALLY
• _at_ .1
• 1.8 BILLION DAILY COST
• 360 BILLION ANNUALLY

5
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

6
SINGLE GLOBAL CURRENCY

• ORGANIZATIONS AND GLOBAL PROGRESS
• ANTI-SLAVERY SOCIETY, 1900s
• GREENPEACE, SAVE THE WHALES
• INTL COMM. TO ABOLISH LAND MINES
• TRANSPARENCY INTERNATIONAL
• AMNESTY INTERNATIONAL
• SINGLE GLOBAL CURRENCY ASSN

7
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.

8
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

9
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? REGL MONETARY UNIONS (?)
• 2024? GLOBAL MONETARY UNION (?)

10
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.

11
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.

12
SINGLE GLOBAL CURRENCY

• www.singleglobalcurrency.org
• IT'S COMMON CENTS.