Trading Among Christian Economies In Different Currencies (Chap 13)

One way in which trading and payment across Christian Economies may be facilitated is to have large trading companies or conglomerates that operate and trade across countries, regions or continents. These can either be pure trading companies dealing in a wide range of products, or large companies or manufacturers that supply the needs of Christian communities across countries or continents in a particular good or service. For example, these could be manufacturers of chemicals, medicine, electricals, petrol or paper or say, lumbering or packaging companies, etc.

The large cross-continent conglomerates or trading companies can then come together to agree on a system of currency or foreign exchanges among themselves. In this way there is a natural market for exchange of currencies. I will not delve into how rates of exchanges may be determined except to say that they can be determined in a way that is natural and equitable for these companies that are plugged into the real economic situations of various communities.

In fact, each one can double up and operate like a bank dealing in foreign exchanges as they receive payments across countries and continents. They can therefore also provide banking services to various local communities as well. If they do, it must then be decided whether the various Christian Economies in which they operate should then impose banking regulations and supervisions.

These large inter-continent companies should exist hand in hand with the many Christian businesses worldwide, as it can be envisaged that there are many trades and businesses that will by nature be smaller and localized. These inter-continental trading companies should therefore not replace localized Christian payment / banking systems, as it is envisaged that the localized payment / banking facilities will still be needed by the various Christian communities. The usefulness of these trading companies or cross-continent conglomerates lies in their ability to provide facilities for currency exchanges among Christian economies that may otherwise be impeded in their ability to trade with each other. On the other hand it is also highly possible that the whole world may be able to operate on one world currency by then. This may certainly not be ruled out. But we do not know when this be effected.

However, having large cross-continent industrial players or companies are needed, they can spell greater political risks for Christian communities worldwide. For example, what if one or two major companies or manufacturers break away? How would the Christian Economies worldwide be affected? Will they be strongly impeded? Much depends on whether there are alternative Christian suppliers. One way to safeguard this could be to impose or require autonomous regional business units within the larger whole. Each regional business unit should be an independent part of the whole that can be separated from the parent company and still continue to supply the goods or services previously supplied by the larger conglomerate.