A New World Currency Without a Federal Reserve System
The Federal Reserve System was presented in the United States of America in 1913. The system was established to address few problems dealt with by the financial sector of the government prior to the facility of the system. The operation of the system is based upon an ever-increasing financial obligation design. Under this system, currency is made out of absolutely nothing. All currency produced through this system is supplied to the public with a particular quantity of interest connected to it. All the principal currency and financial obligation through tax are to be transplanted to the Federal Reserve System. Since the government cannot make new money to settle the financial obligation, the government needs to obtain MORE MONEY from the system. As the model needs paying financial obligation on all money that was ever developed, the debt will be ever-increasing. Unless this system collapses, there will be no way of settling the debt. Each time the debt reaches the minimal magnitude, the debt limitation is lifted to a higher magnitude as a temporary option. This has actually been occurring ever since the system remained in place.
Most world leaders have revealed their interest of having a currency that prevails to the world. Since the US Dollar is the world reserve currency, the system that develops the United States Dollar affects the whole world economy. If there would be a one world currency, then the Federal Reserve System would not impact the entire economy of the world. As per the present financial processing, trades of all currencies are done by purchasing the United States Dollar initially. If there would be a common currency for the world, it will remove a number of concerns in the current financial systems. Visit this www.ultimatemerchantproviders.com to get more info about Finance .
The entire international currency exchange market relies on the idea of the world reserve currency. If there was not a world reserve currency, and there was a typical currency for the world, then the international currency exchange market would not exist.
There are a number of concerns in establishing and practicing a world currency. The currency values of the countries ought to be exchanged into the new world currency in order to start making use of the new currency.
The concept of banking cannot be incorporated into the new world currency system because it will follow the present system. There are roughly 15,000 banks and credit units all over the world. There have to be branches all over the world to cover the same operation as the presently existing monetary institutions.
Such a system cannot operate prior to a one world federal government is in location. If the different areas of the world had different financial policies, then the control of the brand-new currency would be really tough. To start using such a currency, the financial policy must be consentaneous all over the world.
No one must be enabled to obtain money from anyone other than the new world currency control institution. The present system would not move instantly to a one world currency. Even if it did, the value of properties and goods will have to be determined and preserved in terms of the brand-new world currency.
An automobile would be less valued in a location where cars are produced. In the brand-new system, the exact same vehicle must be offered or held at the exact same value all over the world. So the preliminary valuation of properties will develop a greater difference in values of comparable items in various places. This might trigger public uneasiness. People might not consent to such a system believing that their property values will get lower in such a system.
Personal banks and organizations will lose control of the cash. Many organizations will lose the means through which they make earnings. Naturally the owners of personal financial institutions will not consent to such modifications. Corporate companies and people who are earning their profits mainly through marketing will lose their revenues. If a certain product is sold at the same price all over the world, then the revenues made marketing will not be there. This will develop a bigger influence on marketing firms. The owners of marketing companies will not like the idea too.
If such a brand-new system comes to pass, then the salaries of similar professions all over the world will need to be the same. A physician in one end of the world will get the very same wage as the physician at the other end of the world. The bad regions of the world will no longer be bad. If the brand-new system is available in, then individuals will not need to migrate from area to region just to do the exact same job however with greater incomes.
The initial manufacturers like farmers and fishermen will get the optimum benefit. Their items will be bought at uniform prices all over the world. The system will not allow big businesses to sell the products at much greater rates in some other location of the world. The least earning people of the world are the ones doing labor work or using their physical endurance to do work. These are individuals who spend much of their time and energy to provide for all the other individuals worldwide. These individuals will naturally earn much money than other individuals in the brand-new system.
It is a really enthusiastic system but not a simple to establish system. Majority of the world has to agree to such a system. All individuals ought to be willing to migrate into the new system at once. If just couple of parts of the world would run under such system, it would not work properly. The political, social, financial and spiritual sectors of the world should initially migrate into a one world concept. Only after that could a system like one world currency be established.