Healthy Money Healthy Planet - library.uniteddiversity.coop

9
Many contend that our main focus should be on
reforming national currencies. This is a daunting task
indeed, as politicians and international financiers will
fiercely oppose it. Furthermore, the advance of corporate
globalisation over the last two decades has meant the task
of reforming conventional currencies is akin to turning
round a supertanker. Those demanding that central banks
create all the national currency are bound for
disappointment. Bureaucrats and economists at every level
will advise governments against such a move, and in any
case a model giving governments sole responsibility for
currency creation is centralised and therefore susceptible
to corruption.
It is, however, imperative that the international currency is
reformed.
The US dollar has an unfair advantage over other
currencies in that it enjoys the unique privilege of being
the de facto international currency. This situation is
causing a huge imbalance of trade between the US and the