careful jim has a bot to come attack you for using that word
I guess someone called him a grifter and now he's all upset about that word
this is ali
How The New Global International World Financial System Should Be Operating & Look Like
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I have shared many version about the new world financial system but not yet complete.
But I guess this newest version will be satisfy all nations and “pass” the referee “checking”, because it the most fair and best possible one based on current world geopolitical.
The new economic world financial system will have:
– New common region currency such as: North America Dollar, East Asia Coin, Africa Money, West Euro, etc. But it only allowed for using international transactions for real goods/products.
– The current national currencies most nations are using will be used only for domestic transaction either within a nation or with that region.
So we will have 2 difference money tier:
Tier 1: international region currency (contain 8 to 10 difference new common currencies only). Will be managed by more than 1 nations
Tie 2: domestic national currency (could be few hundreds to thousands one). Will be managed by the local political winning /controlparty.
New global monetary system should operating, rules:
The rule is open but not fixed, here is one example.
– Trade within 1 region: must use that regional currency only, the domestic national currencies will be optional.
– Trade between 2 regions: only allow using the 2 regional currencies of that regions.
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There won’t be any tariff for cross border trading, but there could be “security tax” setup by each nations.
There are 2 version of balance trading could be used:
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The exchange rate default is 1:1 (based rate) between all regional currencies. And only allowed be changed 1 per year at the maximum. It will based on trade deficit per 1 person.
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Always keep the rate 1:1, but when 1 region have the negative trade deficit too much (here the import number is much higher than the export number), then do not allow that region import anymore until the balance back to 0.
The exchange rate between domestic currencies is up to each parties to decide (keep the current one is one option).
The exchange rate between regional currencies vs local domestic currencies is ether completely free market or up to each national government/authority.
Example:
The USA can trade with the Canada via North America Dollar & the any domestic currencies (now as US Dollar & CA Dollar), but in the future could be the Republican Dollar, Democrat Dollar, etc.
The China can trade with Korea, Japan via East Asia coin & CNY, Won, Yen.
The Canada can trade with Japan via the NA Dollar or East Asia coin (up to buyer/seller agreement).
In order for tracking and better management: there could be 2 version of new regional currencies: physical for real touch goods/products & the digital for the unseen internet online. But there could be only the physical version, while the digital world will be freely or for the domestic currencies manage.
Who going to manage the new system?
Top best people from that region and could be some real material art people/clan.
It should used the top notch technology for security and privacy.
There should be some limitation the amount money one account can hold at once:
– For personal account: 10 million to 1 billion.
– For company account: 10 billion to 1 trillion.
By having that limit, people won’t able to show off and keep the life balance.
How the new regional currencies should be distributed?
The best solution is using the old bank notes that not in the current circulation because it has limit number, so no any entities can print endless money.
Another do-able option is allow certain number of people to “draw” random (should be the one who have already international travel outside their country from history, as long as they have stamp page on their passport).
New regional currencies designed for international transactions so the real physical bank notes will be higher that the domestic one, example the minimum amount per note must from 1000 (the current highest amount in US is 100 and Euro is 500 only).
By having only high bank note, it is impossible for any economy can able to use that for daily transaction.
So the world will have new 8 to 10 global currencies money where anybody can obtain and have, so all people will be equal, all nations will be equal !
Well, I guess that is the one will satisfy all. I don’t think have any “better” solution than that, in term of economy financially.
Best Regard,
The Savior Messiah Buddha
Source, More Info: https://humanitywhole.wordpress.com