World Dollar Foundation

World Dollar: Everyone in the world gets 10,000 WLD

Press Release   •   Sep 03, 2014 11:00 BST

World Dollar is the future of money. The key principle behind World Dollar is the Equal Opportunity Standard. This represents the idea that, as money is nothing but a social convention, the ultimate basis for money is for it to be issued to everyone, equally. For this reason, every person is eligible to receive 10,000 World dollars once. You can claim your World dollars now. 

World Dollar poses a huge challenge to our current debt-based monetary system, which is debunked here. Further monetary economic myths are debunked here.

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How is Money a Social Convention?

Money is a social convention in the sense that it is not valuable in itself, but valuable because people agree to take it as valuable. It is a medium of exchange, a tool that allows us to trade with one another without having to resort to barter, which inefficiently depends on the double coincidence of wants.

Why is Equal Opportunity the ultimate basis for issuing money?

"We hold these truths to be self-evident, that all men are created equal"

The equal treatment of all people in the world means there are absolutely no artificial barriers or prejudices or preferences.

Money, being a social convention, is guaranteed acceptance by virtually the entire human race by adopting the Equal Opportunity Standard.

What is the Problem With Profiting From Money Production?

First, it should be understood that the market economy works under any nominal quantity of money and associated price level. It is a myth that a growing economy needs a growing supply of money. Any changes in the demand for money can be met by changes in its price (i.e. purchasing power), meaning any additional supply of money is in itself totally unnecessary. 

The problem with profiting from money production, then, is that the money producer necessarily benefits at the expense of the rest of society. The production of money is not really a valuable service in itself, making it somewhat perverse that it should be so lucrative. This is contradictory to what is usually the case in the market economy, wherein one profits from offering valuable goods and services. 

The World Dollar Foundation is a non-profit organisation with the aim of securing the worldwide adoption of World Dollar, with its members covering activities such as PR, marketing, recruitment, and economics.