Originally Posted by Vendot

The main thing to ask is what is the benefit. I see huge benefits of having One World Currency. I cant see much downside to it. You increase cross border commerce (look what its done for europe), stop people running on currencies and this should allow to keep inflation under control too.

I do see a downside to One World Bank but its hard to dispute the benefits. You have one global regulator (which is what the leaders clearly want), connect everyone to a single system and control their commerce. You stop people moving money from one institution to another and therefore you have financial stability.

With One World Bank you can identify everyone who conducts any transaction and you solve a multitude of problems in one go.... money laundering, fraud, identity theft, tax evasion, immigration, terrorism, credit issues, and a whole host of financial crimes and probably a hundred things more. So governments do have the incentive. Its hard to dispute that it would be a logical next step and its equally hard to say it would be difficult to implement because everyone has a reason to want to do commerce.

Highly indebted or bankrupt countries may have a real reason to want such a system. Bottom line is that you have huge swathes of the world in deficit. Really only China, Russia, Japan, Germany and the Middle East have major surplus money so whats in it for them? I reckon if it came down to it, they would have some major bargaining power at the summit.

I doubt that we will see One World Government or One World Bank in our lifetime. The church would oppose it and I suspect the entire christian population around the world. Many of the world leaders have some kind of christian religious background so it probably wont even get onto the agenda.