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Would moving to a single global currency save money in the long term?

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Results so far:

Yes
23% 8 votes Total: 35 votes
No
77% 27 votes

by Marshall Brown

Created on: October 27, 2008

There is a very good reason that I say no to this question on global currency. There are two steps that must be achieved before anything of this magnitude could perform successfully on a global scale. There must be no more private loans to government or immediate control by private parties over any part of the global economy. Relinquishing anyone from the power to drain or debt economies which has happened far too many times by private innuendos and rumors to cause the failure of nations banks. The new form of currency must uphold to the individual needs and prosperity, not based on global market structures that are failing, but only to those companies and businesses that are succeeding on their own, not by government forces.

Removal of government regulation and power over the dollar in all the free world, to allow the individual of the worlds economy to either rise or fall at their own demise. Investors will be responsible for their own research into their invesments, and no allocation to be made to private parties or citizens who wish to invest in a company or financial institution.

The second step would be all government control relinquished from the assets and taxation of assets based on a global market structure. What you own will be yours, property, structures, vehicles, etc. All that is owned should never go into the tax braket. Taxes should only be in part of the purchasing of such amenities. Taxation should reduce spending to protection of populaces and the outsourcing by private individuals for their own protection, and to the veterans that have done their duty in performing such protective structures.

The continuation of past veterans in all countries, must be cared for from the taxation of purchased items alone. Every district of the world, setting up it's own taxation laws and benefits, and this will open up a competitive structure for the people to decide where to live. Any members who wish to participate in the structuring or restructuring of such laws, will be based on volunteers only. Their is no need to pay a individual alliance to perform these tasks, or it will fail as it has in our current structure and economy based on past mistakes, that continue to flourish to this day.

For gathering financial data, there will be an appointed accountant, which shall be paid for their time to compute taxation amounts and numbers by the citizens tax and reviewed by the said volunteers of township or district of the public, to ensur that the numbers are correct and open to the general public for vote on such necessities as road construction and maintenance. All former government agencies will be reduced to protection only, and eliminating the former debt of nations. The value of the dollar will rise, debt will fall, and a free world without hidden purpose, except for all individuals to succeed. That we might all come together in unity, as a world, running our own planet, and choosing what to do with our money.

We all have the ability to decide if one product or another is bad or good for our lives and economic structure. So, will that same structure be based. Not on speculative markets, but on actual purchase and long term growth and longjevity of products and services. No longer shall any single individual earn their wealth by sitting back easily, but by competing on a global scale for the market. That leaves no government to blame and the risks and gains fall on the individual.

Learn more about this author, Marshall Brown.
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