The Road to a Single Fiat World Currency

[searcher]

The Road to a Single Fiat World Currency​

07/10/2023 Thorsten Polleit


[This article is a selection from the March-April issue of The Austrian.]

What if the world’s states were to come together and create a single world currency? From a purely economic point of view, there would be significant advantages if every nation didn’t operate with its own money but with the same currency. Not only for an individual economy, but for the world economy as a whole, the optimal number of currencies is one. Let’s take a look.

The decisive factor is how this single world currency comes about, and who issues it. In a free market for money—in a natural process—a single world currency would emerge from the voluntary agreements of the market participants: the money demanders would decide which commodity they want to use as money. It is impossible to predict with certainty what the outcome of the free choice of currency would be; after all, it resembles a discovery procedure whose outcome is not known in advance. However, it can be assumed that a commodity currency would be created, that gold or possibly a cryptounit would be chosen as the money base.

Full article:

The Road to a Single Fiat World Currency | Thorsten Polleit

[This article is a selection from the March-April issue of The Austrian.] What if the world’s states were to come together and create a single world currency?

mises.org

 

[Casey Jones]

How'd the euro work out? A single-region supernational currency, managed by several Central Banks, supposedly in harmony. In fact, it turned into bugger-thy-neighbor, with Greece and Italy inflating, the idea being apparently, to suck off some of that German jackboot prosperity.

And Britain wanting nothing to do with it.

The same will happen in the future. One currency, like one government, WILL NOT WORK. There will not be harmony - only strife. One totalitarian government will not be able to hold it all together. The electronic systems we have now, only work because of motivation, that is, economic incentive; and those go away in an Own-Nothing-Eat-Bugs world.

Once they do, the WEFfers go the way of the Caesars. Only quicker and more messily. Davos has no future except as a center of sheepherding, or maybe, just a radioactive ash pit.

 

[nickndfl]

They can use cubits, tylium & merits like on Battlestar Galactica.

 

[Wellsburg]

We already have a Single World Currency. Gold.

But, the grimy bastards that run shit don't want to use it. They rather use paper.

 

[pmbug]

They rather use paper.

* digital bank credit

 

[Wellsburg]

* digital bank credit

I stand corrected.