Global economy/Global government = global control
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I find it interesting that so-called “conspiracy theorists” have been warning for years against a collapse of the nation’s financial system and the institution of a global system, regulated by the IMF, complete with a global currency, and here we have two instances of foreign powers now calling for a “super-sovereign reserve currenc[y]“, which should be “disconnected from individual nations” to help “manage global liquidity”.
Out of the ashes comes the new.
The American dollar was deliberately destroyed by the Federal Reserve, politicians and Wall Street, the wealth of the American people was confiscated and they were burdened with multi-generational debt instead. Now, as the American economy falters and begins its downward spiral through the smoke and mirror parlor tricks it played on the way up, the entire global economy faces vaporization.
In the wake of this designed crisis, we have heads of nations and central banks well-entrenched with the IMF, calling for a new global currency issued by the IMF and out of the hands of any one nation to eclipse even the Euro and Yen.
Is it really that hard for people to understand that there are so many things being manipulated behind the scenes here to usher in a global crisis in order to institute a global financial system and a global government? Is it really that much easier to dismiss such things as “conspiracy theories”?
Definition of conspiracy: when two or more individuals get together and conspire to commit a illegal or wrongful act.
FACT: MANY crimes are conspiratorial.
Definition of theory: A belief, principle, assumption, set of statements or set of theorems devised to explain a group of facts or phenomena.
FACT: ALL people hold theories.
Yet, for some reason, when you put them together, it magically transforms the person into a wacko who believes Elvis didn’t really die, that aliens live among us, and that man really didn’t go to the moon. I don’t understand the reasoning. That is how major media covers so-called “conspiracy theories” and they rake their guests over the coals while bashing them with ad hominem attacks and red herrings. This, too, is by design and serves to marginalize those who are actively seeking answers to the many problems we are facing today.
When are we going to make the connections we have been fearing to make? When the world is completely locked down? The best time to stand up for freedom is when you already have it.
Ron Paul has been warning us for years and even though his message was picked up by the mainstream media during his last presidential run, he, too, was marginalized and criticized for being crazy. McCain was the choice of the republicans – which was a deliberate attempt to short-circuit RP’s momentum and make sure the puppet presidency was maintained.
Then along comes Obama the socialist who wants to buy up all the toxic debts, buy the banks and the corporations and leave the American people holding the bill. All of his efforts will cause more damage to the system, which is already bloated and splitting open with debt like roadkill on the side of the highway in the Texas sun.
More debt won’t solve the problem. The problem is, however, now that this damage has already been done, foreign countries are going to dump their reserves of the American dollar and seek a safe haven, which the globalists will offer up eventually. When that happens, the dollar will be absolutely eviscerated and Americans will find themselves living in third-world conditions.
Think it can’t happen here?
I had a scoutmaster who taught me repeatedly: always be prepared for the unexpected. I think that it is prudent for Americans to begin preparing for such an event.
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China’s top banker proposes new world reserve currency
Stephen C. Webster
Published: Monday March 23, 2009
In an essay published Monday, the head of China’s central bank proposed a plan to displace the American dollar as the world’s standard and replace it with a global reserve currency operated from the International Monetary Fund.
“Zhou Xiaochuan, governor of the People’s Bank of China, argued that what he called a super-sovereign reserve currency would not only eliminate the risks inherent in currencies such as the dollar, which are backed only by the credit of the issuing country and not by gold or silver, but would also make it possible to manage global liquidity,” reported the Times Online.
“But that’s unlikely to happen, says Robert Scott, senior international economist with the Economic Policy Institute,” reported Forbes. “‘It’s partly posturing, it’s partly buyer’s remorse,’ he said, noting China, at some point, is going to have to let its yuan currency rise in value relative to the dollar’s current price – likely by upwards of 30.0%. That means China’s investments in U.S. dollars, via Treasuries, would lose a third of their value in yuan terms.
“‘hey’re getting hammered,’ Scott said. Chinese leaders’ heavy investment in the U.S. economy has exposed them to domestic criticism.”
“Zhou made his call in an essay that appeared on the website of People’s Bank of China, China’s central bank, on Monday,” reported the Washington Post. “It was clearly timed to make a splash in the run-up to the G20 meeting that starts in London on April 2.
“Calling the use of the dollar as the world’s benchmark currency ‘a rare special case in history,’ Zhou urged the ‘creative reform of the existing international monetary system towards an international reserve currency.’ Zhou said the reserve currency, managed by the IMF, should be ‘disconnected from individual nations and is able to remain stable in the long run.’”
The IMF would operate such a currency via its “Special Drawing Right,” created in 1969 with “the potential to act as a super-sovereign reserve currency,” reported Times Online.
“The role of the SDR has not been put into full play due to limitations on its allocation and the scope of its uses. However, it serves as the light in the tunnel for the reform of the international monetary system,” Zhou wrote in his essay.
He also emphasized his hope for the IMF currency’s supremacy over other dominant world benchmarks, such as the euro and the yen.
The technical and political hurdles to implementing the proposal are enormous, so even if backed by other nations, the proposal is unlikely to change the dollar’s role in the short term.
“‘The re-establishment of a new and widely accepted reserve currency with a stable valuation benchmark may take a long time,’ Mr. Zhou said” in a report by the Wall St. Journal. “In remarks earlier Monday, one of Mr. Zhou’s deputies, Hu Xiaolian, also said that the dollar’s dominant position in international trade and investment is unlikely to change in the near future. Ms. Hu is in charge of reserve management as the head of China’s State Administration of Foreign Exchange.
“A spokeswoman for the U.S. Treasury declined to comment on Mr. Zhou’s views.”
UPDATE: Moscow supports IMF currency
In a little-circulated March 16 statement, the Kremlin said it will propose the IMF-based currency at April’s G20 meeting in London.
“The International Monetary Fund should investigate the possible creation of a new reserve currency, widening the list of reserve currencies or using its already existing Special Drawing Rights, or SDRs, as a ’superreserve currency accepted by the whole of the international community,’ the Kremlin said in a statement issued on its web site,” reported the Moscow Times.
“Russia also called for countries whose currencies currently have reserve status to adopt international rules on fiscal and macroeconomic discipline,” noted Reuters.
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