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The End of the British Pound?

By Dividend.com Staff
December 1st, 2008

the-end-of-the-british-pound

There are reports circulating that Britain is considering joining the eurozone.

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One Response to “The End of the British Pound?”

  1. Morrison Bonpasse Says:
    December 2nd, 2008 at 5:36 pm

    The movement by the U.K. to join the euro would be an important step toward part of the long range solution to the world’s global financial instability, which is a Single Global Currency, managed by a Global Central Bank within a Global Monetary Union.
    The success of the euro shows that monetary union is the best way to
    ensure monetary stability. The primary problem with the euro and
    currencies of other monetary unions is the multi-currency system itself where currencies fluctuate in value against each other. If 16 countries can use the same currency, why not 192?
    In addition to eliminating currency risk, the use of a Single Global
    Currency would eliminate the current foreign exchange trading expense of $400 billion annually, eliminate current account imbalances, eliminate the need for foreign exchange reserves (now totalling more than $3 trillion); and bring other benefits worth trillions.
    The Single Global Currency Assn. promotes the implementation of a Single Global Currency by 2024, the 80th anniversary of the 1944 conference.
    That’s only 16 years away. The world is moving toward a Single Global
    Currency through the creation of monetary unions in Asia, North and South America, Africa and the Middle East and the
    expansion of monetary unions in West Africa, the Caribbean and Europe.
    The Assn’s website is http://www.singleglobalcurrency.org. See the book, “The
    Single Global Currency – Common Cents for the World.”
    Morrison Bonpasse
    President
    Single Global Currency Assn.
    Newcastle, Maine, USA

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