The Benefits Of World Currency

World Currency

Could There Be A Chance For A One World Currency?

Executive Summary About  World Currency By Tom Genot

The loss of each country's ability to wage war. Then from this point, if a common currency was then put in place, each country would lose the ability to create war upon one another.

There is a possibility to create confidence in a common fiat currency. If its created by the IMF or the World Bank, for the sole purpose of financially bailing out a specific over indebted country or countries. However the IMF cannot print dollars or euros they have their own form of currency, called SDR's or Special Drawing Rights.

Normally SDR's are only used in central bank or government treasury transactions.
Because there is a global lack of confidence in this currency. If an entire population were to use money printed outside their own country, from an outside central bank or other outside entity, then that country or countries would also loses the ability to manipulate the currency and steal it from its own people.

Each side ramps up their currency supply by printing money to back the enormous costs associated with war. If globally all countries were to go to a single monetary unit of exchange for everyday trading of goods and services then the world could never go to war. Countries like The United States, England, China and others would never allow the one world currency to be developed or come into existence. Central banks control the government money supplies. Throughout history central banks have always funded the wars, gotten rich and received all the spoils.