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6.30 The World dollar
Eventually I want a global currency introduced, the World dollar, but this can wait. A real global currency based on a basket of real commodities can actually minimise the chances of future conflict. Institutions that speculate trillions every day in currency movement will then have to find real "things" to invest in. "Things" that create jobs and wealth for everyone including themselves.
Until at least 3 ACH though, I direct that the dollar ($) and Eurodollar (€) permanently fix rates with each other.
I direct a committee made up of the European Central Bank and Federal Reserve Bank of America, control interest rates. I further direct that as many currencies as possible are either fixed to either of the above "super" currencies or replaced by them.
Governments should be very wary getting advice on this matter solely from bankers who will lose substantial profit from fixing currencies or replacing them with common ones. Even the Federal Reserve Bank of America which is NOT actually owned by the Federal Government may potentially have a conflict of interest. Its root shareholders are other American banks who are owned by various institutional investors including... many other international banks! Any advice the Fed's open market committee may have on the matter is not within the parameters of its normal terms of reference.
(Memo note to myself: Remember to open 12 Federal Reserve bank accounts.)
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