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Sebastian Helenius

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A Single World Currency and a World Central Bank - For or Against?

The debate is in the headline. Any opinions?

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  • Ed Schulte 50+

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    Aug 19 2012: Ok "BUT"

    To what / Who's standards will this "World Central Bank" Operate ??

    The USA's?? Britain's ??? These two are so far down "in the tank" they can only be useful as Bad Examples.

    So Sebastian, before i am will to remove the qualifying "BUT" please provide more detail. either from yourself or that which is in the "headlines"
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      Sebastian Helenius

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      Aug 19 2012: I imagine this World Central Bank would operate under the observation of some global democracy/technocracy of united nations. Perhaps a Committee such as in the General Assembly of the UN, which would elect a panel of leaders to represent the bank over a period of, say, 4 years?

      Clearly a single individual nation cannot represent an international organization.

      Debate as to what this currency might be based upon and how to construct such a bank remains open.

      • Ed Schulte 50+

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        Aug 19 2012: Re "like united nations"

        that would be a guaranteed failure for sure. the UN is highly manipulated by the so-called "Super powers" and intentionally run by the weak and least effective members ...Seriously would you put your savings in a UN like organization?

        I am not questioning the value of your proposal ....BUT it will only happen after the "house cleaning" of Countries/ Banks/ Financial Inst etc an a total change of attitude wrt the "What wealth really is."
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          Sebastian Helenius

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          Aug 20 2012: Yes I agree on the "What wealth really is" conundrum.

          Secondly, an organization ''like'' the UN but in control of the wealth of the world? If you think about it that would make such an organization the one and only superpower.
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      Krisztián Pintér 200+

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      TED Translator
      Aug 19 2012: if it happens, i suspect the USA will be one of the main promoters of the idea, and one of the main controller of the world currency. that gives us the hope that it will never happen, not on china's watch anyway.

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