SGC Book


Take Our Poll


Contact Info

SGCA
P.O. Box 390
Newcastle, ME 04553
USA

207-586-6078

email


Powered by
MaineHost.com
Previous News of the Single Global Currency Assn. (before 10 October 2005)


 

3 August 2005.  Periodic tracking of Search Engine hits for "single global currency".

     Alta Vista 4,510

     Google        726

     MSN         1,738

     Yahoo      4,510

 

26 July 2005.  Online Poll results to date for visitors to this website are about evenly split between support and non-support of a single global currency.

Here are the results so far, which can be accessed by anyone by clicking on "View Results":

Would you strongly favor, somewhat favor, somewhat oppose, or strongly oppose a single global currency, where all the people of the world would use the same money?

Strongly favor - 33% (375 votes)

Somewhat favor - 14% (154 votes)

Somewhat oppose - 5% (60 votes)

Strongly oppose - 43% (486 votes)
Not sure - 5% (58 votes)
Total Votes: 1133

24 December 2004.  Invitations to 2d Single Global Currency Conference sent to 1,400 economists and others.

       Among the 1,400 were 39 who have been identified over the past year as "supporters" of the single global currency, even if their perspectives on the "feasibility" (time required for implementation) vary from the Association's goal of 2024.

16 December 2004. Zogby International Poll shows 25% support for single global currency, and 66% opposed.

     In the third such poll conducted by the Single Global Currency association, 1,203 American were asked their opinion of a single global currency, with the following question:

. Some financial leaders have proposed using a single global currency, where all of the people in the world would use the same money. They argue that this would eliminate currency trading costs, currency risks, currency misalignments and currency crises; thereby substantially boosting world prosperity. Would you strongly favor, somewhat favor, somewhat oppose, or strongly oppose a single global currency, where all the people of the world would use the same money?

      The results were:  Strongly favor, 11%; Somewhat favor, 14%; Not Sure, 9%; Somewhat Oppose, 18%; and Strongly Oppose, 48%.

 

13 December 2004.   Single Global Currency and Accounting.

    Single Global Currency Director, Ratnam Alagiah, wrote two chapters in the new book, Ethics, Governance and Accountability: A Professional Perspective, published by John Wiley and Sons. Australia, 2005.  
    In Chapter 7, entitled "Creative Accounting",  he wrote on page 195, "A further method to reduce 'creative' accounting is applying a single accounting standard globally, based on a single global currency (Alagiah, 2001). The reference was to his paper, "Theory leading practice: world order and uniform accounting standards worldwide", presented to the American Accounting Association, International Section Conference, Fort Lauderdale, 2001.  

 

10 December 2004.  Online Poll results to date for visitors to this website are about evenly split between support and non-support of a single global currency.

Here are the results so far, which can be accessed by anyone by clicking on "View Results":

Would you strongly favor, somewhat favor, somewhat oppose, or strongly oppose a single global currency, where all the people of the world would use the same money?

Strongly favor - 31% (227 votes)
Somewhat favor - 15% (109 votes)
Somewhat oppose - 5% (39 votes)
Strongly oppose - 44% (324 votes)
Not sure - 6% (42 votes)

Total Votes: 741

17 March 2004.  Contacts with Norm Kurland of the Center for Economic and Social Justice

From the CESJ Minutes of the 17 March meeting:

"Single Global Currency . Morrison Bonpasse in Maine wants to have an annual conference on global currency like the Bretton Woods conference, leading to a single global currency by 2025. His approach didn't deal with the ownership issue, but through Dan Parker he started reading about binary economics. He felt that it would be a slow process selling binary economics, but Norm and Dan argued that without expanded capital ownership, the single global currency would not be viable or politically saleable. Bonpasse invited Norman Kurland to be an annual participant. Norm can't go this year, but will present a paper on capital homesteading monetary reforms next year."

 

16 December 2003 - Announcement of Single Global Currency Conference!   The Single Global Currency Association has scheduled the first annual Single Global Currency Conference at the Mt. Washington Hotel at Bretton Woods, New Hampshire, for Friday, July 9, 2004.  The conference will be held in a conference room across the hall from the 1944 world monetary conference which determined the post-war financial system until 1971.   Contact the SGC Association for more information.

9 December 2003 - Zogby Poll finds 28% support for Single Global Currency.   (Click on blue for Zogby press release.)

       The Zogby International Polling Org. asked for views on the single global currency by beginning with an introduction:

Some financial leaders have proposed using a single global currency, where all of the people in the world would use the same money. They argue that this would eliminate currency trading costs, currency risks, currency misalignments and currency crises, thereby substantially boosting world prosperity.

 

5. Would you strongly favor, somewhat favor, somewhat oppose, or strongly oppose a single global currency, where all the people of the world would use the same money?

 

RESULTS:
1. Strongly favor 9%
2. Somewhat favor 19%
3. Somewhat oppose 17%
4. Strongly oppose 42%

9 October 2003 - Single Global Currency Assn interview on Maine Public Radio

"Mainer pushes for single global currency."
A new, colorized $20 bill was released on Thursday. It includes splashes of peach, blue and yellow. And if Morrison Bonpasse has his way, it will be utterly obsolete in less than 25 years. Bonpasse has formed an organization dedicated to creating a single, global form of currency. The Single Global Currency Association is based in Newcastle, Maine. Bonpasse told Keith Shortall that a single currency would provide more stability in the global economy by eliminating problems caused by wide fluctuations in exchange rates.
(The web summary contains the audio interview as well.)

 

Letter To the Editor:  (sent by Single Global Currency Assn. to Wall Street Journal, in response to Nintendo article.   See "Links to Articles - Non-Academic Press", 6 October 2003 for article abou Nintendo LOSS, entirely due to currency fluctuation.)

The report showing a loss of 3 billion yen ($27 million) due to a 40 billion yen loss ($360 million) shows the uselessness of the current foreign exchange system.   Reports of corporations should show their real value, as a product of their workers and technology.  They should not be hostage to the whims of the exchange rate.  In August, Nestle reported that its profits were hurt by the high value of the Swiss Franc.   Nintendo and Nestle should both support the implementation of a single global currency, which would eliminate such artificial measurements.]

23 Sept 2003 - Portland, Maine USA Press Herald publishes Op-Ed from Single Global Currency Association: World needs a single global currency. 

The Press Herald published the first Op-Ed from the SGCA.  The article describes the need for a single global currency and its expected benefits. 

The Op-Ed begins, "Taking a cue from the successful implementation of the euro, the world should now proceed to the next level of currency consolidation: a single global currency, to be managed by an international central bank.

      Such a single global currency would eliminate worldwide currency trading costs and eliminate currency-related investment risks...." 

(by morrison bonpasse, Single Global Currency Assn., Portland Press Herald, page 11A)

 

20 Sept 2003 - Statement of G7 Finance Ministers and Central Bank Governors at Dubai Conference.

Among other statements, the Finance Ministers stated: "We reaffirm that exchange rates should reflect economic fundamentals.  We continue to monitor exchange markets closely and cooperate as appropriate. In this context, we emphasize that more flexibility in  exchange rates is desirable for major countries or economic areas to promote smooth and widespread adjustments in the international financial system, based on market mechanisms."  (Statement from U.S. Treasury Press Release)

20 Sept 2003 - U.S. to Ask Group of 7 to Shift Its Policy on Exchange Rates  by Bloomberg News

"Treasury Secretary John W. Snow said yesterday that he would ask the Group of 7 industrialized nations to change its policy for the first time in more than six years and back "flexible" currency exchange rates.

Mr. Snow will use six hours of talks on the global economy this weekend in Dubai to seek support for his campaign against governments that manipulate the value of their currencies to bolster growth, like China and Japan. The United States wants the idea that markets should determine exchange rates mentioned in the group's post-meeting statement.

"The world trading system works best under a regime of market-based exchange rates," Mr. Snow told reporters as he left Pakistan for the United Arab Emirates. "It would be useful if the communiqué expressed support for flexible exchange rates."

While Mr. Snow said he was not asking the ministers to "single out" specific nations for criticism, analysts said his sights were focused on China's eight-year-old currency peg to the dollar and Japan's recent record sales of yen..... " (In New York Times, 20 Sep 2003)

6 Sept 2003 - SGCA Launches campaign for SGC Conference

The Single Global Currency Association sent a request to the 30 OECD member countries asking their Finance Ministers to convene a conference to plan for the single global currency.  The letter was authorized by five economists:  John Edmunds, Robert Guttmann, Ratnam Alagiah, Robert Schwartz and H. Christopher Budd.

The letter will remain posted on this web site, and the SGCA will continue to seek additional authorizers. (If you are an economist and wish to add your name to the list of proponents, send email to: Single Global Currency Association.  Periodically, the letter will be resent to the OECD members until the conference is scheduled.

25 August 2003 - Australia affiliate for SGCA 

Professor Ratnam Alagiah of Griffiths University at Queensland, Australia has joined the Single Global Currency Assn. (SGCA) and announced plan to start an affiliate Single Global Currency organization in Australia.   This organization will help mobilize academics and the people of Australia to support the implementation of a Single Global Currency.

9 July 2003 Single Global Currency Association incorporated in Maine, USA.

27 June 2003.  Website for Single Global Currency Assn. launched at www.singleglobalcurrency.org.

25 June 2003 Press Release issued, announcing formation of Single Global Currency Association: "One Currency for One Earth"