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not just a select few, some reforms in international as well as national banking and finance are essential:

1. It is not necessary to establish a single central bank for the world. It may, in fact, be a bad idea - a monopoly on anything is rarely good. Instead, using the model provided by the central bank of the United States, the Federal Reserve System, a "regional" central bank or banks can be established for each country. All currency issued by all the regional central banks - while legally an obligation of that bank alone - would have to pass "at par" with the currencies of all other central banks, and pass everywhere without the imposition of exchange charges, surcharges, or tariffs. The United States, contrary to popular belief, does not have one uniform currency, it has thirteen separate currencies, all of which pass at par with the others. These are the issues of the twelve Federal Reserve Districts, and a special issue, discernible by red serial numbers and seals, called "United States Notes" that are required by law to be maintained in circulation, and are nominally backed by gold ... which you cannot obtain in exchange for the notes, which pass as ordinary Federal Reserve Notes, regardless what it says on the note!

2. Governments must be prohibited from being able to have their debt instruments purchased by any central bank with money created for the purpose. This allows them to circumvent the appropriations process and removes the accountability to the public inherent in any tax. This is, admittedly, the way that most currency gets into circulation these days, but it is directly contrary to the stated purpose of most central banks, even illegal - which doesn't stop governments from getting around the law. The Federal Reserve, for example, is legally prohibited from purchasing debt paper directly from the government. In order to be able to affect reserve requirements of commercial banks, however (which are legally required to hold their reserves only in the form of cash or government bonds), the Federal Reserve has to be allowed to purchase "secondary" government issues on the "open market." This means that, while the Federal Reserve cannot purchase bonds directly from the government, it can purchase bonds from traders who hold them for a microsecond or so, turning the prohibited "primary" issues into legal "secondary" issues. Most central banks manage to skirt the intent of their enabling laws in similar ways.

3. All currency and demand deposits created

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