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.

The benefits:

- Annual foreign exchange transaction costs of $400 billion will

be eliminated.

- 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?

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

10 books to check out from Jordan Peterson's 'Great Books' list

The Canadian professor has an extensive collection posted on his site.

Jordan Peterson with Carl Jung and the cover art of Jaak Panksepp's 'Affective Neuroscience' (Image: Chris Williamson/Getty Images/Big Think)
Personal Growth
  • 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).
Keep reading Show less

26 ultra-rich people own as much as the world's 3.8 billion poorest

The Oxfam report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency."

Getty Images and Wikimedia Commons
Politics & Current Affairs
  • 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.
Keep reading Show less

Should you invest in China's stock market? Know this one thing first.

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.