Towards a Viable Monetary System (ePub)
The Need for a National Complementary Currency for the United States
(Sprache: Englisch)
The burden of interest payments on the national debt is becoming unsustainable for the United States. According to the Congressional Budget Office, the amount of interest on the national debt will be $714 billion in the year 2026. If the interest on the...
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The burden of interest payments on the national debt is becoming unsustainable for the United States. According to the Congressional Budget Office, the amount of interest on the national debt will be $714 billion in the year 2026. If the interest on the national debt is not paid, a default on the national debt will occur.
A debt default would damage the full faith and credit of the United States government. The excellent credit rating of the United States government, both at home and abroad, would be ruined. Treasury securities would no longer be considered a safe and dependable asset to hold, and there may be a foreign sell-off of US securities that would drive up interest rates. A default on the national debt will trigger an economic collapse, which may prove to be worse than the Great Depression.
This book explains why the United States needs a second national currency that is conceptually different from the conventional US dollar. This book also explains how this second complementary currency will successfully ward off the impending disaster of a default on the national debt.
A debt default would damage the full faith and credit of the United States government. The excellent credit rating of the United States government, both at home and abroad, would be ruined. Treasury securities would no longer be considered a safe and dependable asset to hold, and there may be a foreign sell-off of US securities that would drive up interest rates. A default on the national debt will trigger an economic collapse, which may prove to be worse than the Great Depression.
This book explains why the United States needs a second national currency that is conceptually different from the conventional US dollar. This book also explains how this second complementary currency will successfully ward off the impending disaster of a default on the national debt.
Autoren-Porträt von Hussain Zahid Imam
After earning a B.Sc. Honors degree from the University of Dhaka in Bangladesh, Hussain Zahid Imam was awarded a graduate assistantship to pursue graduate study in Business in the United States. After getting his MBA in 1978, Mr. Imam started his own business in Athens, Georgia. He lives with his wife Fatima in Watkinsville, Georgia. He has one daughter.
Bibliographische Angaben
- Autor: Hussain Zahid Imam
- 2017, 214 Seiten, Englisch
- Verlag: iUniverse
- ISBN-10: 1532032196
- ISBN-13: 9781532032196
- Erscheinungsdatum: 05.09.2017
Abhängig von Bildschirmgröße und eingestellter Schriftgröße kann die Seitenzahl auf Ihrem Lesegerät variieren.
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- Dateiformat: ePub
- Größe: 0.21 MB
- Mit Kopierschutz
Sprache:
Englisch
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