tagged w/ Global Currency
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A New Global Economic Restructuring
Conscious Media Network has been approached by a representative of global leaders and financiers from 130 nations to broadcast a statement about a new global economic restructuring arising in 2012.
The statement will be delivered via a video-taped interview with a layperson on behalf of the consortium that has been working behind the scenes, on the problem of the unsustainable global economy for the past 8 years. The party who drafted this statement has stated, in response to conspiracy concerns, that “The usual suspects are not the suspects” and that the Global Elite also understand that the unsecured, digital money system has failed us all, including themselves.
This announcement is to serve as the introduction of a New Global Economic Structure that will begin surfacing in 2012. Those involved in this plan are calling it the “greatest humanitarian effort” in modern history. It will be for each of us to determine over time if this is a truthful statement.more at link
http://members.beforeitsnews.com/story/1571/761/New_Global_Currency_Announced.htmlPlease spread far and wide. Feel free to embed, Digg, Tweet and Facebook.
A New... more
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A list purporting to be "a nigh on complete list of every single banker on the planet!"
List list comes courtesy of mgt23 from The InfoUnderground forums at http://theinfounderground.com/A list purporting to be "a nigh on complete list of every single banker on the... more
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Austerity measures drive 100,000 protesters to the streets of Ireland, another 100,000 in Italy as Europeans continue to rage against the international banking machine.
The international bankster machine seeking to colonize Western nations through debt is now meeting resistance from Greece, to France, to Ireland, to Italy, to Spain, to Portugal, and to the U.K.
These new protests in Ireland and Italy follow a crippling 2-week strike in France where citizens took over fuel refineries and other vital infrastructure, more strikes in Greece which took over the Acropolis, and a massive student protest in the UK that caused physical damage to government buildings. All of these protests were sparked by governments reducing benefits or increasing fees and taxes on a population that had little to do with the private gambling of banks.
These European protests are intensifying as the international bankers move to collect their "pound of flesh" through austerity and sale of public assets. As Europeans are becoming acutely aware of the dubious plan to loot them and the anger at their corrupt elected officials for bowing to banks has reached a boiling point. In all cases the governments are enforcing austerity measures on the people after the private banks over-leveraged themselves to the breaking point, threatening to bring down entire nations.
For years the bankers churned out easy credit to these nations while they invested public and private funds into worthless credit default swaps and derivatives. As if orchestrated to perfection, they pulled the plug on those toxic assets, essentially bankrupting the more fragile developed countries, followed by calling their debts due. Now they're demanding that European governments be forced into IMF bailouts that impose drastic austerity measures on the populace.
By forcing tax increases and reducing benefits for the citizens of sovereign nations, the IMF is essentially rewriting their laws. Well, it appears that the citizens of Europe have had enough. The massive protests, strikes, and riots that have swept through the streets of many European countries have resulted in growing calls to reject the bailout money used to prop up failed banks and corrupt governments. The Irish people prefer to default on the debt which drove the EU 'completely mad'.
The protesters are getting support from someone who is experiencing the outcome of resisting public bailouts of private banking debts. The President of Iceland recently remarked that they're in much better shape than Ireland because they let the private banks fail and their currency naturally devalued, allowing them to regain some competitiveness relative to their neighbors:
“The difference is that in Iceland we allowed the banks to fail,” Grimsson said in an interview with Bloomberg Television’s Mark Barton today. “These were private banks and we didn’t pump money into them in order to keep them going; the state did not shoulder the responsibility of the failed private banks.”
UK's Libertarian politician, Nigel Farage, once viewed as a fringe player, is now getting international recognition for forewarning his European comrades about the troubles in the system. He's quickly becoming a hero to the banker resistance as his credibility reaches new heights for being proved right -- much like his U.S. counterpart Congressman Ron Paul. His rants in the European Parliament are going viral on YouTube as the people are waking up to their servitude to banks and a lack of true democracy and sovereignty.
Read More: http://globalpoliticalawakening.blogspot.com/2010/11/citizens-of-europe-rage-against-machine.htmlAusterity measures drive 100,000 protesters to the streets of Ireland, another 100,000... more
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You surely didn’t think that the governing elites would let this economic crisis pass without pushing some cockamamie scheme for control. Well, here is the cloud no bigger than a man’s hand, a revival of a 60-year-old idea of a global paper currency to fix what ails us.
The IMF study that calls for this is by Reza Moghadam of the Strategy, Policy, and Review Department, “in collaboration with the Finance, Legal, Monetary and Capital Markets, Research and Statistics Departments, and consultation with the Area Departments.” In other words, this paper shouldn’t be ignored.
It’s a long-term plan, but the plan has the unmistakable stamp of Keynes: “A global currency, bancor, issued by a global central bank would be designed as a stable store of value that is not tied exclusively to the conditions of any particular economy…. The global central bank could serve as a lender of last resort, providing needed systemic liquidity in the event of adverse shocks and more automatically than at present.”
The term bancor comes from Keynes directly. He proposed this idea following World War II, but it was rejected mostly for nationalistic reasons. Instead we got a monetary system based on the dollar, which was in turn tied to gold. In other words, we got a phony gold standard that was destined to collapse as gold reserve imbalances became unsustainable, as they did by the late 1960s. What replaced it is our global paper money system of floating exchange rates.
But the elites never give in, never give up. The proposal for a global currency and global central bank is again making the rounds. What problem is being addressed? What is so desperately wrong with the world that the IMF is floating the idea of a world currency? In a word, the problem is hoarding. The IMF is really annoyed that “in recent years, international reserve accumulation has accelerated rapidly, reaching 13 percent of global GDP in 2009 — a threefold increase over ten years.”
You see, monetary policy isn’t supposed to work this way. In their ideal world, the central bank releases reserves and these reserves are lent out, leading to a boom in consumption and investment and thereby global happiness forever (never mind the hyperinflation that goes along with it). But there is a problem. The current system is nationally based and so the economic conditions of one country turn out to have an influence on the borrowing and lending markets. Without borrowers and lenders, the money gets stuck in the system....
Continued at: http://www.campaignforliberty.com/article.php?view=1049You surely didn’t think that the governing elites would let this economic crisis... more
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Are you ready for a world currency? If the United Nations has anything to say about it, that is exactly what we are all going to have shoved down our throats. A new United Nations report released on Tuesday essentially declares war on the U.S. dollar and publicly calls on the nations of the world to abandon it as the global reserve currency. This new report entitled "The U.N. World Economic and Social Survey 2010" is one of the most blatant attempts yet that we have seen from a major international organization to move us in the direction of a world currency. For years it was denial after denial after denial that a global currency was being considered. Of course we knew all along by reading their policy papers that the eventual goal of the globalists was indeed to move us over to a global currency. Finally, in just the past year, the International Monetary Fund's special drawing rights (SDRs) were promoted by the G20 as "an international reserve asset" that could be used as a unit of payment for IMF loans. SDRs are currently made up of a basket of various currencies from around the world, but now there are much bigger plans for the SDRs.Are you ready for a world currency? If the United Nations has anything to say about... more
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This will scare you! It seems the conspiracy theorists were conspiracy realists after all.
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October 23, 2009 ·
Billionaire globalist George Soros told the Financial Times during an interview that China will supplant the United States as the leader of the new world order and that America should not resist the country’s decline as the dollar weakens, living standards drop, and a new global currency is introduced.
Asked what Obama should discuss when he visits China next month, Soros stated, “This would be the time because I think you really need to bring China into the creation of a new world order, financial world order,” adding that China was a reluctant member of the IMF who didn’t make enough of a contribution.
“I think you need a new world order that China has to be part of the process of creating it and they have to buy in, they have to own it in the same way as the United States owns…the current order,” said Soros, adding that the G20 was a move in this direction.
Soros said that there was a flight from currencies across the board, and that this is why the price of commodities, notably gold and oil, were generally rising. He also stated that an orderly decline of the dollar was “desirable” and that the entire system needed to be reconstituted towards a global currency.
“You need a new currency system and actually the Special Drawing Rights do give you the makings of a system and I think it’s ill-considered on the part of the United States to resist the wider use of Special Drawing Rights, they could be very useful now when you have a global shortfall of demand, you could actually internationally create currency through Special Drawing Rights,” said Soros, explaining that this was already in process after the IMF injected an allocation of Special Drawing Rights (SDRs) equivalent to $250 billion into the global economy.
Soros also stated that richer countries were already transferring wealth to poorer countries via SDR’s, with the IMF paying for the half per cent transaction cost.
Soros said the world would have to go through a “painful adjustment” following the decline of the dollar and the introduction of a global currency. Reading between the lines, he essentially threatened to kill the dollar completely if the United States did not get on board with the global currency.
Soros predicted that China would become the new engine of the global economy, replacing the U.S., and that this would slow economic growth and reduce living standards. Soros characterized the United States as a drag on the global economy because of the declining dollar.October 23, 2009 ·
Billionaire globalist George Soros told the Financial Times... more
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China's State Council, or Cabinet, announced a pilot program to allow exporters and importers in five cities to settle cross-border trade deals in Renminbi, or yuan.
The cities are Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan. The latter four are all in south China's Guangdong Province.
Attendees at a State Council executive meeting Wednesday, presided over by Premier Wen Jiabao, agreed settling cross-border trade deals in yuan was important for promoting economic and trade ties between China and neighboring countries and regions.
Information about when and how the trial program will start was not available.
The State Council urged departments concerned to issue relative rules as soon as pChina's State Council, or Cabinet, announced a pilot program to allow exporters... more
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Beijing central bank governor Zhou Xiaochuan had suggested that a new reserve currency be adopted — one that could replace the U.S. dollar as the global currency predominantly used in trade between nations. Read why it could be a possibility.Beijing central bank governor Zhou Xiaochuan had suggested that a new reserve currency... more
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The Chinese proposal for a single global currency was part of Beijing’s effort to take a more prominent place among world powers at the recent G20 meeting. And they have legitimate reason to float the idea of replacing the dollar as the “reserve” currency — the medium of exchange used for the majority of financial transactions around the world.
As the holder of some $2 trillion in dollar-denominated savings the Chinese government has reason to be concerned about the long-term strength of the dollar. One time-honored method of reducing large government debt is to gradually inflate the currency to reduce the real value of that debt. That would also devalue that big pile of Chinese savings.
The dollar’s role as a reserve currency also gives the United States a dominant role in the global economy. That also means other countries are subject to U.S. fiscal and monetary policies over which they have no control.
So it’s no surprise that China would like to see another entity — it suggests the International Monetary Fund would be a good choice — issue a single global currency that would be used by all countries in place of the dollar. There would be many advantages to this. But it has about as much chance of happening as the adoption of Esperanto as a common global language.
A nation’s currency serves several purposes, one of which is a global proxy for the depth, strength and productivity of its economy and the stability of its political system. For all of the problems facing the United States, investors around the world believe the dollar is the safest place to park their wealth. That’s why, for the moment, interest rates on dollar-denominated debt like U.S. Treasuries are so low.
MSNBC 4/06 17:40 PM ETThe Chinese proposal for a single global currency was part of Beijing’s effort... more
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Once more We, The United States, must boss around the world and police it with military force.
Scare tactics are the bread and butter of this country.Once more We, The United States, must boss around the world and police it with... more
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