THE REFORM OF THE FINANCIAL MONETARY SYSTEM IN THE CONTEXT OF CREATION OF A NEW GLOBAL ORDER

Cosmin Durac
unpublished
The reform of the financial-monetary system in the context of creation of a new global order presents the current trend of the establishment of a new world government, with a global central bank and a single currency. This will succeed to a decline of democracy and a growth of the totalitarianism. The international financial institutes must have much power to help the emerging economies, in the time of redemption of debts. Banks and investment banks of which's health is problematic for the
more » ... ematic for the global financial system, must operate under an united framework of regulation. Meanwhile, a world government would involve much more than cooperation between nations, would be an entity with similar characteristics of a state, sustained by a legislative body. JEL classification: F33, F36, F37.
fatcat:63hfyysbjreyhffha7o4q6nb4e