Channel Button

There are 30 articles on this title. You are reading the article ranked and rated #8 by Helium's members.

Debate_icon

Politics, News & Issues   >

Political & Economic Theory

Get a Widget for this title

Could a single global currency work?

Title endorsed in part by:

Results so far:

Yes
43% 174 votes Total: 403 votes
No
57% 229 votes

In an era of increasing globalization and as a resistance to those who would like to bring the world to a primitive existence, it would be great to have a single currency. In fact a single global currency would work since it dismantles barriers to trade that the politicians and government have placed. A Single Global Currency would work in that products and commodities would be assesible for the consumer compared to the prices and taxes set in today's world with multiple currencies and value. A Single Global Currency would eliminate the need for Stock Exchanges setting prices in different currencies and promoting speculation. While there will be a need for Stock Exchanges, the people who trade and sell can set their own prices without the need of an intermediary.

Imagine being able to trade in on single global currency without the hassle of conversions of different denominations or extra taxes, tariffs, and restrictions set by governments. It is surreal that in the American Continent, there is no single currency while Europe [with its different cultures and languages even within their countries] are able to function with one Single Global Currency called the Euro. In fact, the Euro has more value than the United States Dollar with the exception of the Canadian Dollar, the Chinese Renminbi, the Swiss Franc, and the British Pound Sterling. Iran as well as other countries in the Middle East are slowly working on their version of a Single Global or Regional Currency within the Islamic World.

We cannot sit back and allow ourselves to commit economic suicide. We should unite with the rest of the American Continent and start taking the necessary steps to create a Union of the Americas with a Single Global Currency within the Americas and then go a step farther and work on the dream of a Single Global Currency which would ease trade for those in business and ease headaches for the consumers. Why should we allow ourselves to be divided with petty divisions such as ideologies and multiple currencies which have only resulted in wars, hardships, poverty, and misunderstandings? Why should we accentuate our differences when we have one thing in common which is belonging to the human race? In the human race, what is needed is less wars, less hardships, less poverty, less misunderstandings and the road to progress, understanding, peace, and an improvement in the economies of the world is the adoption of a single world currency.

Learn more about this author, Roberto Alvarez-Galloso.
Contact this writer Click here to send this author comments or questions.


Below are the top articles rated and ranked by Helium members on:

Could a single global currency work?

Yes
  • 1 of 17

    by Michael Greaney

    The idea of a single global currency is not only feasible in our day and age, it has been effectively implemented a number

    read more

  • by Colin Morley

    This is a truly fascinating debate. As I write, the 'yes' side of the argument is losing, yet has more than twice as many

    read more

No
  • 1 of 13

    by Global Urbanist

    A single global currency makes the assumption that all of humanity has the same needs. Nations of the world have different

    read more

  • 2 of 13

    by Ray Burke

    Do we need a single global currency?




    I think it was Margaret Thatcher who said we already have a single global currency it's

    read more

Add your voice

Know something about Could a single global currency work??
We want to hear your view. Write_penWrite now!

98330

Featured Partner

Americans for Prosperity

Americans for Prosperity (AFP) is committed to educating citizens about economic policy and mobilizing those citizens...more

What is Helium? | Buy Web Content | Contact Us | Privacy | User agreement | DMCA | User Tools | Help | Community | Helium’s Official Blog | Link to Helium

Helium, Inc.
200 Brickstone Square Andover, MA 01810 USA