Looking for a Global Central Bank

Whit the world in the midst a paralysis of the credit and a wave of unemployment that begins to provoke massive social movements (Japan and France have joined the protests in Greece and the UK), there are calls find mechanisms to protect the world economy of the flawed policies that a country, or a group of countries can perform, spreading like wildfire through the rest of the world.

In this regard the creation of a World Central Bank that is truly independent of any government or group of governments; and free of fiscal pressures, it becomes paramount. This currency can be assigned only as a means of international payment and as means international reserves, but couldn't be used inside by transactions for that country.

The current financial turmoil shows that indeed there was never a international financial order, to allow a country to take the right to print banknotes that were used for both internal and external consumption. U.S. abuse in his ownership of the currency. In this sense, the Fed has been instrumental in the genesis of the collapse and the generation of the current crisis. For something Alan Greenspan is accused as the main responsible for this crisis, although in the 80s and 90s was considered the great genius of the system, by to give free rein to the financial desregulatión. The question is, can fall as global world responsibility in one person?. No. But this was well.

The amount of dollars being printed in the United States to ensure break the impasse in which plunged the world the policies of the past 30 years, could mean an even greater calamity in the future. The graphic that leads this article shows the levels of public debt and private of U.S. from 1980 onwards, its decline towards the year 2000 and its explosive growth from that date by the Bush administration. But one thing is clear: 40 years before the Reagan government begin, marking an exciting period of stability. I suggest reviewing the U.S. debt, updated today.