Folding the US Into a Single Global Currency
There have been several suggestions by China, Brazil, Russia and other countries, and by a U.N. Commission headed by Nobel Laureate Joseph Stiglitz, as well as by the United Nations Conference on Trade and Development for a new global reserve currency to replace the U.S. dollar. Increasingly, the media are running stories and comments about the “demise of the dollar.” Recently, I asked the president of the Single Global Currency Association, Morrison Bonpasse, about his take on the future of the U.S. dollar and the global monetary system.
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Folding the US Into a Single Global Currency
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