HERE WE GO: From “propaganda” to REALITY. This is why your banks don’t have money. Every banking system under the existing world order, will transition to Digital Currency, and you’ll have zero power over your money (You can’t buy or sell if they don’t want you to.) This is why there’s war with the emerging world order under BRICS - because they have the audacity to offer alternatives, backed with common sense. This 👇🏾 was not meant to be challenged. But BRICS isn’t just challenging, but seeking to isolate & diminish it. So, the war’s just getting started. Welcome to 2023 & beyond.
The idea of a universal monetary unit has been proposed as a solution to various economic problems, including exchange rate fluctuations, currency crises, and international trade imbalances. However, there are significant challenges to implementing such a system, including the need for global political consensus, coordination between countries' monetary policies, and the potential loss of national sovereignty.
Currently, there is no universal monetary unit in existence, and it remains a topic of debate among economists and policymaThe concept of a universal monetary unit is often discussed in the context of globalization and the increasing interconnectedness of the world economy. In theory, a universal currency could simplify international trade and investment by eliminating exchange rate risk and reducing transaction costs. It could also make it easier for individuals and businesses to travel and conduct financial transactions abroad.
However, there are significant challenges to implementing such a system. One major obstacle is the lack of global political consensus. Countries have traditionally been resistant to ceding control over their monetary policy to an external authority, and the creation of a universal currency would require a significant shift in this mentality. Additionally, there are concerns about the potential loss of national sovereignty that could result from adopting a universal currency.
Another challenge is the need for coordination between countries' monetary policies. In order to maintain stability and avoid inflation, a universal currency would require a common central bank and monetary policy that could respond to the needs of all participating countries. This would require a significant degree of cooperation and coordination among nations with different economic structures, political systems, and cultural values.
Despite these challenges, some economists and policymakers continue to advocate for the adoption of a universal currency. Proponents argue that a universal currency could promote greater economic stability, reduce financial speculation, and increase global economic growth. However, it remains a controversial and complex issue, and the likelihood of a universal monetary unit being implemented in the near future is uncA universal monetary unit is a theoretical currency that would be accepted as a medium of exchange universally, regardless of the country or region where it is being used. It would be a single currency that could be used for all types of transactions, including trade, investment, and tourism, among others.
some critics of a universal monetary unit argue that it is not a practical solution to economic problems. One of the main disadvantages is the need for global political consensus and coordination between countries' monetary policies, which is challenging to achieve. Furthermore, the potential loss of national sovereignty that could result from adopting a universal currency is a significant concern for many countries.
The concept of a universal monetary unit is often discussed in the context of globalization and the increasing interconnectedness of the world economy. However, there are several reasons why this policy would not be a good idea.
Firstly, a universal currency would require a significant shift in countries' monetary policies, which is unlikely to happen. Countries are resistant to ceding control over their monetary policy to an external authority. Additionally, the need for coordination among countries with different economic structures, political systems, and cultural values would be difficult to achieve.
Secondly, the adoption of a universal currency could potentially lead to the loss of national sovereignty. Countries would be forced to surrender control over their monetary policy, which could have serious implications for their domestic economic policies.
Finally, a universal currency would not necessarily promote economic stability, reduce financial speculation, or increase global economic growth, as some proponents argue. Instead, it could create new economic imbalances and exacerbate existing ones.
In conclusion, the potential drawbacks and challenges of implementing a universal monetary unit far outweigh any potential benefits. As such, it is unlikely that this policy will be adopted
