BACKGROUND OF THE EVASION OF A GLOBAL CURRENCY CREATION
BACKGROUND OF THE EVASION OF A GLOBAL CURRENCY CREATION

Summary/Abstract: In the modern economics, there is no such an important issue that is paid a proper attention to as the global currency is . And what is even worse when it is talked about this institute, it is often a matter of types of global currency which deviate from money’s essence. It is taken for granted the thing that those are the most developed countries’ currencies (a dollar, euro, yen, pound, and yuan) irrespective of the fact that they present national currencies and their role of global currencies is a contradictio in adjecto. They cannot have global money features by their nature as it was the case with the gold, i.e. as commodity-money. (It is inappropriate the argument that both the pound and the dollar functioned as international currencies. This is true but only because of the fact that they were convertible into gold and were factually convertible). In spite of this, they promote themselves with such a kind of meaning without any reserves, and a more favourable variety is considered to be the statistic “basket” of the already mentioned currencies with floating rates among them. The opportunities for creating real commodity global money are totally ignored. It is evaded the general notion that the absence of a global currency is, by the way, a reason for the problems in the national economies and at a global level (national currencies manipulation, slackened in productivity growth, inequality growth, appearance of global imbalances, growth of protectionism, threats of trade and currency wars), and that it is not possible their evasion unless it is created a global currency.

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