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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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      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.
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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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      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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