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Yes

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Yes. absolutely yes! Why? Think about the ramifications of a global unit. I have come up with a paradym for this. It was spoken of years ago and currently ressurected into thouht. The carbon unit is the best unit we have since it is the basis of all things in the material universe. Diamonds, but not just any diamonds. Diamonds of such clarity only nations with sophisticated presses could make them. Not only that they would be imprinted with the seal of the united states by multi-axis laser then counted and stored. This would be the basis of our monetary system. Much like the gold standard.

The nations would agree that only there diamonds can be traded publicly. So we have an exchange of real value as opposed to a Fiat system. This would not work if the governments cheated so then United Nations would be in charge of inspections to make sure the standard was always upheld. The nations then could adjust their own values by credit rating given by the World Trade Organization. This credit rating would ensure euitable trading and purchasing and selling of stocks and bonds, etc. The benefit is real property can be traded and enforced by other countries. If you lose all your marbles your out of the game or you ask your friend to borrow some more. Simple yet effective.

The major concern of this system is the use of fake diamonds but that isn't a worry since the diamonds are symbolic like gold is. The main problem with the fiat system is the use of inflation of the yen, for example, to shortshrift the market. Periodic inspection insures this. Those who do not like or allow the inspections of currency are not allowed to play the game. They can trade but they are given a projected credit rating not the true credit rating since they cannot provide adequate proof of the stock markets.

The final thing is this is not a public instituion but a private endeavour by all businesses regulated on the same standards. We can thusly eliminate unfaur practices and child labor. We may also be able to unify the markets once and for all delivering vast wealth to all countries since the economy of one does not impugn another. All are seprate and use their currency internally on thier own rating.

The key ingredient to make this work would be to fixed the unit price of gold and dispense gold coins of varying karat weight. You may go down to 1/2 a karat or less if needed to make a division for a penny. So the argument is null and void that the mettulurgy costs more than the coin itself.

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