How would a single currency on Your Journey to Financial Freedom and economic independence?

How would a single currency in your path to financial freedom and financial independence?

Another reason why Clubprivadodeinversion.com insists that it is of vital importance to achieve economic independence and financial freedom quickly.

The famous British writer Arthur C. Science Fiction Clarke, in 1970 proposed three laws relating to the scientific advance that they can also serve as a guide to understand what happens in the economic and magnitude have the powers which they operate:

Second Law of Arthur C. Clarke: "The only way to discover the limits of the possible is to venture into the impossible."

August 2011, the UN and talk about a single currency for the entire planet.

The UN is encouraging, for "imposition" of the emerging countries, the establishment of a global single currency, the first step in the transition towards establishing a world government.

Obviously orchestrated collapse of the U.S. economy, agrees and empowers emerging countries, notably China, Russia, India, Brazil, begin to openly discuss the role of the dollar as the unquestioned respect of world economies and the United Nations and are prepared to launch its own method and currency system for the entire planet.



From the outbreak of the crisis in 2008-2009, many references and economic gurus, raised as a contingency theory that the current chaos scenario was sought, rather, deliberately assembled to try to reform the global financial system entirely and impose a global currency, global. This manipulation not only should be considered only as a matter of political-economic nature, also has a side or read a little more subtle, hidden, concealed, that as large Bretton Woods agreements in 1944, this may be the first step by major powers to a government and a planetary economy.



The distribution of wages and globalization

Let's review all the factors involved in this. The beginning of the problem we can locate in the conduct of the global economy in the two spaces: the real economy, and financial economics.

THE ECONOMY? A REAL transnational value chains. Better known by its initials in English (FNA) are cross-border institutions of international production. The FNA, including contract manufacturing, outsourcing services, franchising, licensing and management contracts, allow transnational corporations to coordinate the activities of its global value chains and influence the corporate governance of recipient countries without any direct involvement in them. These FNA, concentrate hundreds of millions of workers in the emerging industrial economies. The working capacity of the workforce coupled with low wages and minimal social demands, security, environmental care, etc.. Softens and weakens the bargaining power of unions in the advanced economies, the alternative always present and for companies to move production overseas.



The situation is aggravated in the prevailing scenario of slow growth in developed economies and high unemployment. At the same time, competition from imports of manufactures from low-wage economies, substitute domestic production for the domestic market and prevents or weakens access to third markets.

In the past, full employment, union demands and social policies, were instrumental in the equitable distribution of the fruits of productivity gains.

These instruments, promoting equity, balance and social relationships of the components, are now strongly diminished and the situation discussed is expressed in the negative distribution of income for workers in the central economies.

The real financial dimension or the real side of monetary ogre.

There, at the same time, another factor that influences the negative income redistribution, also originated in the global economy. This factor is the phenomenal growth of financial speculation in the last forty years.

Exchange transactions are an important and very significant indicator of the problem and fully demonstrates its relationship to real economic activity. Let's look again at these figures. Between 1977 and 2010, the daily amount of transactions in foreign exchange markets (FX), increased 33 times the global GDP. Less than 10% of the GDP share of trade in goods and services, direct private investments and long-term loans for legitimate production.

As mentioned in the previous installment, "The monetary ogre mask out" the vast majority of this figure, 90% corresponds to the carry trade, which as we know, are speculative movements of funds arbitrate interest rates and stock prices among the places that make up the global system.

Another important thing to remember is that financial speculation adds no value to the economic dynamism but on the contrary, absorbs much of the income actually increased participation leads to a significant loss of legitimate profit of other economic agents linked the production of goods and services.

The ogre is not money alone, has a political partner.

As a sequel or rather negative effect of this process of concentration of wealth in one sector, we can also name the preponderance or enormous political influence who hold currency traders. This is the big reason, the huge profits that the speculators have managed globalization, the disproportionate and excessive influence financial markets have been on the political system and its precedence over the interests of the real economy of production and healthy work. A separate paragraph but with regard to everything we're saying, they deserve the salaries of executives of large financial institutions. Incredibly, these great directors, CEOs or presidents, triple the salaries of the directors of a thousand real economy companies, which were surveyed by Fortune magazine in its issue of January 2011.

The indifference of Justice in the USA with respect to those responsible for the economic crisis, political movements of assistance (government bailouts to banks, comprehensive legislation proposals, etc) certainly finished questioning the dollar as a benchmark for markets and bulk to that for change.

Thus, adding absurdities and injustices, the claim of a single currency for the entire planet is gaining a more defined and confirmed the suspicions of the theorists mentioned above. First it was Russia, then China and later emerging countries, India, Brazil, Malaysia, Turkey, etc.. These are the most angrily calling for a global currency.

This crucial issue for the world economy was being negotiated in private by governments, central banks and the main course, sponsored and promoted by the great interest and less visible to other authorities worldwide, as stated in other deliveries, already know that a cycle has ended and must inevitably start another quickly, yes, without losing power. This debate, estimated Clubprivadodeinversion.com partners, is nothing more nor less than to reform the current international monetary system, in force since the abolition of the Bretton Woods agreements by the U.S. government in the early 70's and its conclusions and how we affect each of us, we've heard in a very short time.

However, the UN, and decidedly strange hastily proposes to reform the monetary system in force. So much so that a report presented at the United Nations Conference on Trade and Development (UNCTAD), a few months ago, the agency recognizes excellence multilateral monetary system is not functioning properly and in fact, was the "responsible "out of the current financial crisis.

Therefore, the UN argues that the dollar's role as global reserve currency should be reconsidered, deeply reconsidered as they appear claiming Russia, China and the major emerging economies on the planet. Thus, the global institution advocates the creation of a new Bretton Woods, to be negotiated among major governments to establish a new monetary system to replace the current as quickly as possible.

In conclusion

What are the consequences for the global economy of a change in these characteristics and how they affect each of our countries? How do we affect each of us? It is very difficult to predict, the only certainty is that change is already decided and the signs of this change are increasingly strong and relentless.

What can we address these upcoming events?, For now I think very little general, but, at particular if we can, and the first thing you should do is to achieve financial freedom and economic independence. We believe that the only two things that can protect against contingencies is to be informed and have an independent personal finance.

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