New World Currency

[TheGanjaKing]

not too sure what to make of this, mostly due to the source.....


i'll be doing some more research into it tho....

http://newsusa.myfeedportal.com/viewarticle.php?articleid=287

The G20 leaders failed to mention this new reserve currency it looks like they "slipped in"...

A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order.

"We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity," it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.

In effect, the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it...

...There is now a world currency in waiting. In time, SDRs are likely evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China. Beijing's moves this week to offer $95bn in yuan currency swaps to developing economies show how fast China aims to break dollar dependence. ...
SOURCE: http://www.telegraph.co.uk/finance/

How president Obama could sign that is beyond me. Unless of course I am missing something (been saying that to myself a lot the last 6 months with this economy it seems.). This would surely not fair well for the USD, depending on time-tables and specifics that is...

[Fyrenza]

Bit of a downside to them, it would appear:

http://unstats.un.org/unsd/nationalaccount/AEG/papers/m4SDRs.pdf

i'm just getting into that article,

but it sure sounds like they're trying to just FLOAT EVERYTHING

on absolutely nothing!

Just, i might add, the way the stock market was done... :(


http://i235.photobucket.com/albums/ee57/Fyrenza/avatars/467BlackSheep.jpg

[Pressed_Rat]

A world currency has long been one of the globalists' goals, and is just another stepping stone towards world government. British economist John Maynard Keynes was one of the first people to propose a world currency during the Bretton Woods conference in the mid-40s. I myself have been trying to warn people about this for the past ten years, being called a "conspiracy theorist" for telling people what should now be obvious to anyone with a working brain, that actually follows what's going on. It is now more apparent than ever that a world currency will be the outcome of this engineered crisis, whether it's a year or three years from now. It's in the cards. Before people will ever accept this, they will first have to bring the people down to their knees, and they will do this by hyperinflating the currency, as they are doing now. Once they completely destroy the economy, the people will literally beg for a world currency and even a global government if offered as the solution. They always create the crises to justify the so-called "solutions" they plan well in advance.

I think before we see an actual world currency, we will see the dollar remain as the world reserve currency, but it will be under the regulatory control of the IMF, which they are openly talking about now. I believe a world currency lies further down the road -- perhaps 3-8 years from now. I think first we will see regional currencies emerge, like the amero (modeled after the euro). I believe we will see this within the next 1-3 years.

[Duck]

I agree with Pressed Rat. Not necessarily about the globalist thing, but his predictions for the path of the currency. Though, I think it will take longer.

[Fyrenza]

That's the IMF saying that there must be something to back up the "value,"

a credit (+),

but an off-setting debit (-),

so that the balance sheets, well, balance! :)

But now, there's the threat of China being able to de-value the dollar,

(from a FTW position, imho)

with NONE of the "usual suspects" being able to control the situation.

They're grasping at straws, because i think it may have blind-sided them ~

i don't believe that anyone trully saw China as that big of threat,

but here we are,

pretty much OWNED...

(how long have they been communists? how big is their army? do they have nukes? yeah.)


http://i235.photobucket.com/albums/ee57/Fyrenza/avatars/467BlackSheep.jpg

[Pressed_Rat]

The IMF is a globalist organization of elitist (mainly European) bankers. The same interbreeding families behind the Federal Reserve are the ones behind the IMF and World Bank.

China is under the control of the same people that control the West (including the US) via their control of the banking system. The Li family of China is very close with the Rockefellers, who helped bring Mao to power in '49 and create their communist system of government.

China does in fact hold much of the US' debt, but really China is just another front for the globalists, so people will look to China instead of the real controllers behind the curtain. The Chinese are really little more than scapegoats, who too will eventually be brought back down again after they have served their temporary purpose in taking over from where the US left off as the policemen of the world.

China will in fact take over from the US and become the next superpower within the next 10 years. I am certain of this. This was all planned by the central bankers, who are the ones ultimately behind the trade agreements that have gutted US industry and sent it all over to places like communist China.... BY DESIGN!

[Fyrenza]

The IMF is a globalist organization of elitist (mainly European) bankers. The same interbreeding families behind the Federal Reserve are the ones behind the IMF and World Bank.

China is under the control of the same people that control the West (including the US) via their control of the banking system. The Li family of China is very close with the Rockefellers, who helped bring Mao to power in '49 and create their communist system of government.

China does in fact hold much of the US' debt, but really China is just another front for the globalists, so people will look to China instead of the real controllers behind the curtain. The Chinese are really little more than scapegoats, who too will eventually be brought back down again after they have served their temporary purpose in taking over from where the US left off as the policemen of the world.

China will in fact take over from the US and become the next superpower within the next 10 years. I am certain of this. This was all planned by the central bankers, who are the ones ultimately behind the trade agreements that have gutted US industry and sent it all over to places like communist China.... BY DESIGN!

Errr...

Ummm...

Was my ignorace showing? :o

In the (in)famous Word of Emily Litela (Gilda Radner, SNL):

'Nevermind.'

:rofl:


http://i235.photobucket.com/albums/ee57/Fyrenza/avatars/467BlackSheep.jpg