UN wants new global currency to replace dollar
Monday, September 7th, 2009
Just in case you haven’t been paying attention, the Telegraph spells it out for you. And, naturally, a global currency is necessary in order to construct a world state (or, as internationalists like to couch it, of facilitating ‘international governance’.) Creating a world currency subject to constant regulatory manipulation will deliver the one ring, the unity of power into the hands of the global bankers. We will all be bound together by its reach and extent – which is why it is so important to resist this. The shovels are already in the ground – Timothy Geithner is urging a new international monetary reserve accord, and Canada and Britain have recently boosted their contributions to international banks. (Yes – nations give away money, your money, to finance these institutions.)
Flashback: G20 agrees to continue economic stimulus measures; Geithner shops international reserve accord | China Set to Buy $50 Billion in IMF Notes | Medvedev Unveils “World Currency” Coin At G8 | China calls anew for super-sovereign currency | No one talking about dumping dollar: China minister | China explores buying $50bn in IMF bonds | Chinese economists deem huge holding of US bonds “risky” as Geithner visits | A Bigger, Bolder Role Is Imagined For the IMF | UK PM reveals G20 plan to boost IMF by $1 trillion, hails new world order (again) | UN & IMF Back Agenda For Global Financial Dictatorship | U.N. panel says world should ditch dollar | IMF poised to print billions of dollars in ‘global quantitative easing’ | Gordon Brown seeks sweeping reforms to give IMF global ’surveillance role’ | IMF may need to “print money”, act as “world’s central bank” as crisis spreads | Globalists Exploit Financial Meltdown In Move Towards One World Currency | World needs new Bretton Woods, says Brown | IMF prescribes state regulation of ‘global financial order’ | Bilderberg Seeks Bank Centralization Agenda | Banks face “new world order,” consolidation: report
Edmund Conway, The Telegraph
September 7, 2009
The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world’s monetary system since the Second World War.
In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises. [Ed. Note: Granted, if you're talking about Keynesian economics. But, no, they want more of the same.]
It added that the present system, under which the dollar acts as the world’s reserve currency , should be subject to a wholesale reconsideration.
Although a number of countries, including China and Russia, have suggested replacing the dollar as the world’s reserve currency, the UNCTAD report is the first time a major multinational institution has posited such a suggestion.
In essence, the report calls for a new Bretton Woods-style system of managed international exchange rates, meaning central banks would be forced to intervene and either support or push down their currencies depending on how the rest of the world economy is behaving.
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