This book is about the Single Global Currency which should, and likely will, replace most currencies of the world by the year 2024. That is the goal of the author and the publisher, the Single Global Currency Association, of Newcastle, Maine, USA. The Single Global Currency would be managed by a Global Central Bank within a Global Monetary Union, just as the euro is now managed by the European Central Bank within the European Monetary Union. The book describes the history of currencies and the movement toward national currencies and then monetary unions. The core of this book is the 2006 Original Edition plus the 2009 Addendum about the events and articles of 2008 relating to the Single Global Currency. This may be the most important book ever read by most readers, because the topic will save the world–trillions. The benefits of a Single Global Currency are vast, and are summarized on the back cover. In a 3-G WORLD with a SINGLE GLOBAL CURRENCY managed by a GLOBAL CENTRAL BANK within a GLOBAL MONETARY UNION: – Annual transaction costs of $400 billion will be eliminated. – Worldwide asset values will increase by about $36 trillion. – Worldwide GDP will increase by about $9 trillion. – Global currency imbalances will be eliminated. – All Balance of Payments problems will be eliminated. – Currency crises will be prevented. – Currency speculation will be eliminated. – The need for foreign exchange reserves will be eliminated. Such gains are realistic and attainable if the world decides to pursue them. The monetary unions of Europe, the Caribbean, Africa and Brunei/Singapore have shown the way. Buy and read this book and, then please buy two more and pass them on to others and encourage them to do the same; and work to save the world – trillions. What the people of the world want is sound, stable money and the end to the obsolete multicurrency foreign exchange system. This is one of only two books in print about the single global currency. The other is A Single Global Currency – Perspectives and Challenges, by ICFAI University Press. This is one of the few books in the world priced in 141 currencies. Each successive annual edition will be priced in the remaining number of currencies until we reach, in the words of Nobel Prize winner, Robert Mundell, that odd number less than three: one.
- Paperback:544 pages
- Item Weight:1.95 pounds
- Publisher:Single Global Currency Assn.; (2009) Edition (April 17, 2009)
- Best Sellers Rank:#18,196,939 in Books
- #8,043 in Money & Monetary Policy (Books)