Do you think the world should have a single currency?

Answer 1

The world does have a single currency in the Federal Reserve Note (FRN) at least at the top before conversion into specific other country currency outside America (America is the country; the United States (USA) is a statutory admiralty/equity government not the country). Before any international (other than the FRN) money is traded in banking, it must be converted to United States Dollars (USD). However, we must remember that the Polity (richest families, e.g., Rothschild, Rockefeller, Brown, Bundy, Warburg (twelve total), etc., do not wish this information to be publicly disseminated. Still I have been involved as a trust aettorney for twenty-five years and believe anything can be revealed as long as qualification takes place. That means if everyone did bank trading, a long queue (line) would exist and not everyone could get rich at once. Therefore, as of the populace increasing, the lag time in the queue would maintain productivity. Time and space make productivity a permanent factor fortunately. Hence, no problem should exist in revealing bank trading. Why is the fear of selling a paper with a number on it such a problem is alluding and just plain ignorance especially with the Uniform Commercial code (UCc S. 3 et seq) backing this issue? Since only twelve major banks (Barclays, NatWest, HSBC, Credit Suiss, Credit Lyannois et al) do this trading, everyone else denies its existence as of public non-productivity scrutiny and concern. The rich get richer and the poor get poorer comes to mind when the truth is not taught. Why do the rich wish to hide information remains the old competition problem believing money supply is limited and productivity would wane if all were rich. Thus, robotics and clones are a must for allowing the human its privilege of financial independence. Productivity loss is not true then on both fronts of queue factors and artificial life form workers. We must relent when understanding time and space exist whilst not everyone could bank trade at once because the limitation in commercial paper availability exists. In other words, without product ii can't be bought; no supply. With only twelve traders another limitation is show if seven billion people are jockeying for position.

To have the FRN and no other individual country currency (Euros, Pounds, Rupis, etc.) converted from the former does not matter. The world was bankrupted in 1930 (http://wiki.answers.com/Q/www.theawaregroup.com) at the Geneva Convention from 1928 to 1932. The reason was the gold banking of specie currency caused two major wars (I &II) within twenty years. The countries tried to take the gold and control the currency. The Polity realised this problem and took the gold backing away from the "Silver Certificate (SC)" and set-up the Federal Reserve in 1945 at the Bretton Woods conference in New Jersey. Confiscating the certificates under Roosevelt in 1933 starting with his "bank holiday" and re-issuing the FRN mostly took about ten years (but lingered into the 60's) to do. However, not quickly enough with WWII the result. We didn't have worldwide instant computer access then (still slow compared to IBM's research & development prototypes and beta testing units by upper management and researchers).

But the problem that occurred was world-wide insolvency that manifested as the great depression. A great high of the roaring twenties and the great low of the depressed thirties (still 40% of business flourished along with banks in their money transition from SC's to FRN's) happened in the money conversion. The little guy always pays the price in history when truth is not revealed or pursued. What occurred was the legalising of the FRN as legal tender. The eleven word provision on the FRN, "This note is legal tender for all debts public and private," explains the legalisation of debt in the "note" or promissory note and IOU. Whereby, the provision is a contradiction because a note is debt and discharging or paying debt cannot take place. Only increasing debt takes place. But the SC pays for debt but the backing by gold causes wars? What is the answer? They could have legalised credit (FRc [Federal Reserve certificate - not gold backed or redeemable in gold or silver]) instead of debt, but did not think and do it at that time. The FRN is not "worthless paper" as some advocate because the Uniform Commercial code in Section 1-207 states that no one is liable "...for the limited liability (purchasing power) of a compelled benefit (FRN's)". In other words, the FRN has purchasing power, but not purchosing power. We choose money (pur chose - credit certificate ) not chase money (pur chase - debt note). The Federal Reserve certificate (FRc), a non-redeemable legalised credit instrument is the answer and should be the one world currency. When we issue it, our world will be solvent once again and then we can pursue individual sovereignty not the accepted version presently of Secured Party?Creditor (but that is another discussion for later).