In The Single Global Currency: Common Cents for the World, Morrison Bonpasse, the founder and president of the Single Global Currency Association, presents a convincing case that it is a moral imperative for the world s nations to join together in a global monetary union and collectively save those economies trillions of dollars by adopting one common currency. Offering readers a comprehensive, but accessible journey through this multi-layered issue, Bonpasse calls for the world to set a goal of making the transition to a single currency by The book begins with John Stuart Mill s assessment that so much of barbarism still remains in the transactions of the most civilized nations that almost all independent countries choose to assert their nationality by having, to their own inconvenience and that of their neighbours, a peculiar currency of their own.
With that, Bonpasse then leads the reader through a tour of today s chaotic multi-currency foreign exchange trading system. The currency crises occurring periodically in various countries cause billions of dollars in economic damage and reveal how vulnerable our economies really are under this system.
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Bonpasse has a conversational style that brings the economic principles and numbers he uses to life. His stated narrative goal for the book is to bring simplicity to a complex issue, and he is able to do this admirably throughout the course of plus pages. For example, in describing the speed and magnitude with which money is traded, he suggests that the reader Every so often, however, Bonpasse does succumb to a penchant for thoroughness that can overwhelm the text with too many details. For instance, do we really need to know that a Google search came up with , hits for the pun Common Cents part of the book s subtitle , and further, that Results and came from the Single Global Currency Association itself?
On the whole, however, Bonpasse s style is consistently user-friendly, and he treats his readers with good humor and respect. Bonpasse addresses issues including what IS money anyway? Although there are some who claim that the U. Bonpasse, is the founder and president of the Single Global Currrency Association.
He lives with his wife in Newcastle, Maine, USA, not far from his two stepchildren and five grandchildren, and predicts that all will live to see the implementation of the Single Global Currency. He works as a mediator and as an advocate for the exoneration of three wrongfully convicted people: Dennis Dechaine in Maine, and Thomas A.
The single global currency - common cents for the world (2008 Edition)
Shay and Alfred Trenkler in Massachusetts. Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? Learn more about Amazon Prime. This book is about the Single Global Currency which should, and likely will, replace most currencies of the world by the year The book describes the history of currencies and the movement toward national currencies and then monetary unions. The core of this book is the Original Edition plus the Addendum about the events and articles of relating to the Single Global Currency.
This may be the most important book ever read by most readers, because the topic will save the world--trillions. The benefits of a Single Global Currency are vast, and are summarized on the back cover. Such gains are realistic and attainable if the world decides to pursue them. Buy and read this book and, then please buy two more and pass them on to others and encourage them to do the same; and work to save the world - trillions. What the people of the world want is sound, stable money and the end to the obsolete multicurrency foreign exchange system.
This is one of only two books in print about the single global currency. This is one of the few books in the world priced in currencies. Each successive annual edition will be priced in the remaining number of currencies until we reach, in the words of Nobel Prize winner, Robert Mundell, that odd number less than three: Read more Read less. Prime Book Box for Kids. Review Review of the Edition: Single Global Currency Assn. Related Video Shorts 0 Upload your video. Share your thoughts with other customers. Write a customer review.
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If Iceland had been using the euro in , its financial crisis would not have become a devastating currency crisis. Paul Krugman compared Iceland to Brooklyn and noted that it makes no sense for Brooklyn to have its own currency because its economy is enmeshed with that of its neighbors. In a global, digitized world, Iceland's economy is enmeshed with that of its neighbors, too -- even if separated by an ocean.
Iceland is one of the four current "Candidate Countries" to join the European Union, with membership expected in Then the process for joining the euro zone would begin, as required for new EU members. Why did you say that moving to a future Single Global Currency depends upon the success of the euro? The EMU is the largest and most successful and is growing, and is a model for future monetary unions, including the future Global Monetary Union. Several Persian Gulf countries are forming a monetary union, as are several East African countries.
As the euro zone grows, people around the world are increasingly asking the question: The world would implement a single global currency by expanding existing monetary unions, by folding them into a single global currency. The Single Global Currency can be said to exist when these currency consolidation trends create one currency for countries representing approximately percent of the world's GDP.
After that, we will have passed a "tipping point," and the remaining countries will clamor to join. How are you spreading the word around the world about your belief in the need for a single global currency? We have a website , and we have published a book, The Single Global Currency - Common Cents for the World , and the subsequent edition of that book. When the people of the world learn how good a single global currency will be for them and the world, the movement toward that goal will accelerate.
Thanks so much for your time, Morrison. You've certainly given us a lot to think about. He is also a frequent speaker to business groups on financial and corporate governance matters. He can be contacted at Ted capitalsourcepartners.
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