Community | December 25, 2009 | 9 comments

UN to Produce Bullion Coins as World Currency

source: http://74.125.153.132/search?q=cache:TtY2TpKXC1QJ:www.examiner.com/x-32916-Vancouver-Humanis...

Image

http://74.125.153.132/search?q=cache:TtY2TpKXC1QJ:www.examiner.com/x-...

The announcement by the United Nations this week that it will license the minting of silver and gold bullion coins bearing the UN logo may be the button that launches metal prices into orbit.

In its wide-ranging report this fall, the UN Conference on Trade and Development (UNCTAD) stated that the system of currencies and international banking practices within today’s economies were inadequate, and responsible for the present economic crisis. The report advocates that the present monetary system, wherein the dollar acts as the global reserve currency be re-examined “with urgency”.

The UNCTAD Report was the first time a major multinational institution had forwarded such a suggestion or measure, although a number of countries, including Russia and Brazil have supported replacing the dollar as the world's reserve currency. China's central bank chief Zhou Xiaochuan has mentioned that the dollar could become a basket of currencies instead.

The UN commission dismissed such a widening, saying a multiple-country system "may be equally unstable, and not transparent."

The panel is seeking more monetary balance for developing countries, and a means for them to retain their reserves and domestic savings independent of foreign agencies and arrangements.

Panel Chair US economist Joseph Stiglitz, a Nobel economics laureate, has made plain that there was "a growing consensus that there are problems with the dollar reserve system. Developing countries are lending the United States trillions dollars at almost zero interest rates when they have huge needs themselves," Stiglitz stated.

"It's indicative of the nature of the problem. It's a net transfer, in a sense, to the United States, a form of foreign aid."

A report contributor, Detlef Koffe, concluded that "Replacing the dollar with a bullion currency would solve some of the problems related to the potential of countries running large deficits and would help stability,"

(more @ link)
  1. groups:
    Community,   Orwellian Nightmare,   Spam
  2. tags:
    Money,  UN,  NWO
  3.     
    |

9 comments // UN to Produce Bullion Coins as World Currency

  • regalgoldcoin
    • 0
      regalgoldcoin  
    • Image

    • It is a very informative blog, gold coins are very important from investment point of view. We regalgold coins for buying and selling Gold Bullion and Gold Coins to giving advice on setting up a long term tax deferred retirement plan, commonly called a Gold IRA, you can be assured that Regal Assets always has the right investment for you. With over fifty years of combined experience in the precious metals industry the Regal Assets team of specialists work for you. Regal Assets is committed to customer service. We are continually developing new policies, procedures and products to satisfy our client’s needs. We guarantee delivery within 7 BUSINESS DAYS of your account funding or you receive a FREE Silver American Eagle on Regal Assets.

    • 1 year ago
  • davidmendez01
  • taddo
    • 0
      taddo  

    • It looks like a global 1 world currency. Part of the New World Order headed by Satan. Whenever you see the words diversity, global, one, unity, or some other kind of word that has a "together" meaning be careful.

    • 3 years ago
  • thrillya
    • 0
      thrillya  

    • I tried to post this link on facebook and the told me

      Warning: This Message Contains Blocked Content
      Some content in this message has been reported as abusive by Facebook users.

      Very curious. Is it a scam or sensitive information?

    • 3 years ago
  • bombastinator
    • 0
      bombastinator  

    • What's the magic word here? "license". As in franchise. Like T-shirts and coffee mugs.

      Bah. Yet another ridiculous commemorative bullion coin. Just about everyone and their dog puts out something like this. Why should the UN be any different. IIRC someone even did one for Michael Jackson.

      Some Franklin Mint wannabe hoping they can get some collectibles value added out of their bullion coins.

      IMHO the possibility of this somehow affecting world gold prices is zero.

    • 3 years ago
  • ryan8566
  • bombastinator
    • 0
      bombastinator  
    • ryan8566:

      LOL and there's the key feature right there. They're conquering the world economy with late night infomercials. *facepalm*

      This reminds me of that TV evangelist who sold $50 hankies with a picture of his palm printed on it for spiritual healing, except for the left wingers instead of the right wingers.

    • 3 years ago
  • 02
    • 0
      02  

    • It would also be necessary, if it were to become a world currency, that you could no longer trade in bullion anymore. Not for profit.

    • 3 years ago
  • 02
    • 0
      02  
    • 02:

      Right now, if issued, such coins would be just another gold coin.
      To become a world currency, it has to have dynamic trade-value against world currencies. To have bullion traders dictate this would not be tolerated.

      So - this will not happen.

    • 3 years ago
more from Community:
from the community

top videos