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Physical Money Needs to Die! Long Live Digital Currency!

I really like this Wired article titled Time to Cash Out: Why Paper Money Hurts the Economy. I am very pro globalization and, part of that puzzle, is a unified monetary system. I have previously spoken for a world currency, but this is the real solution I want to implement it.

Right now, I carry no cash and pay everything with Credit Card and my check is Directly Deposited. I have no need for a physical currency at all. If I remember correctly, Sweden (for the last 10 years) and Japan (for the last 5 years) have had micropayments able to be made via Contactless Cell Phone Transactions. This is something is starting to be rolled out here in the US too in the last year or so. This is really going to be the wave of the future. I cannot wait. =)

“China Takes Aim at US Dollar”

There is an article in the Wall Street Journal titled “China Takes Aim at US Dollar” which says:

China called for the creation of a new currency to eventually replace the dollar as the world’s standard, proposing a sweeping overhaul of global finance that reflects developing nations’ growing unhappiness with the U.S. role in the world economy.

The unusual proposal, made by central bank governor Zhou Xiaochuan in an essay released Monday in Beijing, is part of China’s increasingly assertive approach to shaping the global response to the financial crisis.

Wall Street Journal

Now, I am very pro-globalization and I will say that the author seems to a be significantly uninformed about Esperanto, but ultimately something like this really needs to happen. It will really help to stabilize economies as well as breakdown the barriers between our nations and cultures. The Esperanto metaphor is rather appropriate, and at the same time Esperanto needs to be adopted as well for such similar reasons.

I think it is a great idea. The creation and use of the Euro shows that it can be done and it does work, but of course getting it started is reeeeeaaaallllly expensive, takes time, and will take countries giving up their pride and doing what’s best for the future of  their countries and the world. There is also those who support the idea of the Amero which would be the North American equivalent of the Euro used by Canada, the United States, and Mexico.

It will be in the US’ best interests to spearhead this as well as the adoption of Esperanto, because as you can see the cause for a change is here, not only in the reduction of use and teaching of English, but also in the worlds desire to not have their economies be dependent on the strength or weakness of the US economy. The world is slowly shifting away from American dependence and it is in our best interests to have a say in where it shifts to. Preferably not to another country’s court, but in a neutral non-national court that can help bring us closer together. 

Times are a changing and so do we – Esperanto and a World Currency… Hoooo Aahhhh!!!