THE NEED FOR A LOGICALLY PLANNED WORLD

C.  OUR ECONOMY (cont.)

Corresponding with, and complementing what I've said about a universal economy, our world would require the establishment of a system of uniform currency.  As I've stated in the past, the present existence of numerous currencies, having relative values that are constantly changing with regard to one another, is a source of problems and confusion.  It creates profits for money traders--but their activities accomplish little or nothing in the way of benefit to the rest of the world. 

A uniform worldwide currency system makes sense, and is necessary as part and parcel of a worldwide economy.  A unified world with a single currency would put an end to economic and monetary policies being pursued by national governments for political purposes.  It would avoid the occurrence of inflation due to monetary instability within a particular nation.  And it would put an end to the phenomenon whereby inflow or outflow of foreign capital comprises a cause of inflation or deflationof the value of that nation's currency.

A single currency would sound the death knell for the concept of "seigniorage," whereby unfair privileges (including self-serving inflationary policies) are options belonging to the dominant nation having the day's primary currency.  It is needed in order to end the present situation whereby fluctuations in currency values of different nations serve to cause and create variations in the ratio of imports to exports between them.  It is necessary as a means of ending the sudden changes in the value of one's investments abroad that can occur on account of a modification of currency value within the nation wherein such investments happen to be. 

We need a unified world having a single universal currency so as to put an end to the concept of "deficit nations" (being the term used to denote countries that live beypond their means) and "surplus nations" (meaning those that do not).  There will only be individual debtors and creditors, within a worldwide field.  The only fair and logical way to repay a debt is to pay it back to the creditor in the same form and value as that in which it was borrowed or created.  No longer will a deficit nation be enabled to impose disadvantages upon its innocent citizens via "adjustments" of currency valuation as regards that of other nations, as a means of diminishing the effect of its situation as a debtor to other nations.

In view of the foregoing, it should appear obvious that the logical answer to all of this unfair and hurtful confusion can only be found in the establishment of a single worldwide currency.  It would have the same value everywhere; and be thus devoid of potential for serving as a medium for economic tinkering, nor as a basis for economic problems, anywhere and everywhere.

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