The world should implement a Single Global Currency by 2024.
A Single Global Currency would be managed by a Global Central Bank within a Global Monetary Union.
- Annual foreign exchange transaction costs of $400 billion will
- Global currency imbalances, including all balance of payment
issues, will be eliminated.
- Currency crises will be prevented.
- Currency fluctuations will be eliminated, as will be currency
speculation. No more ups and downs for the U.S. dollar, the
euro or any other currency.
- Worldwide interest rates will be reduced due to the
elimination of currency risk.
- Worldwide asset values will increase by about $36 trillion.
- Worldwide GDP will increase by about $9 trillion.
- The need for foreign exchange reserves (currently about $5
trillion) will be eliminated.
If 15 European, 14 African, and 7 Caribbean countries can share common currencies, then why not a common currency for countries totaling 50%, then 60%, then 75% and then 100% of the world's GDP?
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The Canadian professor has an extensive collection posted on his site.
- Peterson's Great Books list features classics by Orwell, Jung, Huxley, and Dostoevsky.
- Categories include literature, neuroscience, religion, and systems analysis.
- Having recently left Patreon for "freedom of speech" reasons, Peterson is taking direct donations through Paypal (and Bitcoin).
The Oxfam report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency."
- A new report by Oxfam argues that wealth inequality is causing poverty and misery around the world.
- In the last year, the world's billionaires saw their wealth increase by 12%, while the poorest 3.8 billion people on the planet lost 11% of their wealth.
- The report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency." We explain what Steven Pinker's got to do with it.
Despite incredible economic growth, it is not necessarily an investor's paradise.
- China's stock market is just 27 years old. It's economy has grown 30x over that time.
- Imagine if you had invested early and gotten in on the ground floor.
- Actually, you would have lost money. Here's how that's possible.
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