The problem of monetary war: single currency

Interestingly, the commentary on the regional currency published by the major newspaper in its page economic from Friday 25th of this month.

And this interest is legitimate for the several years ago I have advocated, with the globe, a world, by the establishment, currency paper not only regional, but universal, of a currency only

From time immemorial leaders, Kings, Princes, Presidents have used monetary policy for their own benefit. Representatives of various categories, in past centuries, divided the gold coins in the so-called seigniorage, and thus obtained a double gain.

The world has suffered, and is now more than ever, a monetary war. United States is pushing for China to revalue its currency and to grant a market value, while the euro stumbles by the crisis in Greece, Ireland, Portugal, Spain and Italy.

Management and handling of the monetary system is a political decision u000awhich is not always correct, but which relates to personal interests and governmental.

In the last century began a fall in currency in Thailand that precipitated devaluations in Malaysia, Indonesia, Korea of the South, Mexico, Argentina, Brazil, Russia and Dominican Republic.

Dominicans are obliged to maintain monetary stability, so damaging is a devaluation as a revaluation, because in the latter case increases the demand for foreign currency decline the booking.

Proposals
against the euro are two opposing views: the Economic Commission proposes that the European Central Bank buys bonds in an amount millionaire, so that there is ample liquidity, while the German Government, headed by Chancellor Angela Merkel wants to compel the deficit countries to engage in savings and austerity.

has done just the opposite. It has issued billions of u000a$ to activate the economy, with emphasis on consumption.

In my view if you follow the recommendations of the first German Minister there will be enormous sacrifices, decline in the standard of living and unemployment.

What is good, in my view, is to be offered a stimulating broad monetary circulation of the euro, although the danger of causing a slight inflation. A controlled inflation process is preferable to a depressive phase with its aftermath of lack of income and its millions of unemployed.

Elementalmente, which outlines policy and monetary of the German Government must remember a collective savings inevitably turns into a dasahorro.

The most prominent economists in the world, including the Nobel, do not know how to solve the problem of the war of foreign exchange.

For this purpose was created the International Monetary Fund (IMF) during the 1940s. But the Agency still u000aprescribed the same medicine: more taxes, freezing or reduction of wages and salaries, loss of purchases and poverty in the sectors of fixed inputs are those who receive wages, salaries and rents fixed.

Euro
remember that the euro born at the end of the Decade of one thousand nine hundred as a currency on a par with the dollar. I.e. a euro equal to one dollar. But the chronic deficit in the trade balance of the United States forces to a devaluation of its currency, which has been fluctuating, and has come to be listed in one fifty euros for a dollar.

In the Japan monetary trastrueque has because of revaluing its currency, causing less exports; and the rise of the euro against the dollar makes exports of Germany, France, and other countries which use this currency.

In the past only, as explains it the book I published, the central banks of many developing countries, for reasons of partisan politicking, u000athey have made large emissions of its own currency resulting devaluations that are detrimental to all sectors of the economy.

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Put of agreement is A task that LE CUESTA MUCHO A LOS Governments
is true, which is very difficult for Governments to agree to issue a currency in South America; and more difficult even agreement to a universal currency. In my book commented I thought that perhaps 100 years achieve this ultimate goal. Why continue to suffer monetary war without solutions to sight.

Pressure
United States, in the midst of a crisis that affects their public finances and places to grow its deficit, is pushing for China to revalue its currency and give value market.

Danger
what is good in my opinion is to be offered a stimulating broad monetary circulation of the euro, although the danger of that provokes a slight inflation.

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