Filed under: aristocrats, bailout, bank bailout, Bank of England, bankruptcy, bernanke, Big Banks, Carbon Tax, Co2, co2 tax, Credit Crisis, DEBT, depopulation, depression, despotism, devaluation, Dictatorship, Dollar, dollar drop, dollar dump, Economic Collapse, economic crisis, economic depression, Economy, Empire, environmental taxation, Eugenics, Fascism, Federal Reserve, GDP, global currency, global economy, global elite, global government, Global Warming, Great Depression, Greenback, hyperinflation, imf, Inflation, internationalist, main street, malthusian, malthusian catastrophe, middle class, New World Order, NWO, obama deception, oligarchy, One World Government, Population Control, Propaganda, ruling class, SDRs, single currency, slavery, Stock Market, Taxpayers, third world, US Economy, Wall Street, webster tarpley, World Bank, world currency, world government
America’s Impending Master Class Dictatorship
cryptogon.com
January 23, 2010
Holy shit, this one will scorch your eyeballs!
Forget my excerpts. Click through and read the whole thing. Highly recommended.
Via: Kitco:
Thanks to the endless barrage of feel-good propaganda that daily assaults the American mind, best epitomized a few months ago by the “green shoots,” everything’s-coming-up-roses propaganda touted by Federal Reserve Chairman Bernanke, the citizens have no idea how disastrous the country’s fiscal, monetary and economic problems truly are. Nor do they perceive the rapidly increasing risk of a totalitarian nightmare descending upon the American Republic.
One stark and sobering way to frame the crisis is this: if the United States government were to nationalize (in other words, steal) every penny of private wealth accumulated by America’s citizens since the nation’s founding 235 years ago, the government would remain totally bankrupt.
According to the Federal Reserve’s most recent report on wealth, America’s private net worth was $53.4 trillion as of September, 2009. But at the same time, America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the citizens’ net worth. Even if the government expropriated every dollar of private wealth in the nation, it would still have a deficit of $66,600,000,000,000.00 ($66.6 trillion), equal to $214,286.00 for every man, woman and child in America and roughly 500% of GDP. If the government does not directly seize the nation’s private wealth, then it will require $389,610 from each and every citizen to balance the country’s books. State, county and municipal debts and deficits are additional, already elephantine in many states (e.g., California, Illinois, New Jersey and New York) and growing at an alarming rate nationwide. In addition to the federal government, dozens of states are already bankrupt and sinking deeper into the morass every day.
…
It is estimated that the top 1% of Americans control roughly 40% of the nation’s wealth. In other words, 3 million people own $21,400,000,000,000.00 ($21.4 trillion) in net private assets, while the other 305 million own the remaining $32,000,000,000,000.00 ($32 trillion). 77,000,000 (77 million) Americans (the lowest 25%) have mean net assets of minus $2,300 ($-2,300.00) per person; they live from paycheck to paycheck, or on public assistance. The lower 50% of Americans own mean net assets of $27,800 each, about enough to purchase a modest car. Obviously, it would be impossible to retire on such an amount without significant government or other assistance. Meanwhile, the richest 10% of Americans possess mean net assets of $3,976,000.00 each, or 143 times those of the bottom 50%; the top 2% control assets worth more than 1,500 times those in the bottom 50%. When you combine these facts with Wall Street’s typical multi-million dollar annual bonuses, you get an idea of wealth inequality in America. Historically, such extreme inequality has been a well-documented breeding ground for totalitarianism.
If the government decides to expropriate (steal) or commandeer (e.g., force into Treasuries) America’s private wealth in order to buy survival time, such a measure will be designed to destroy the common citizens, not the elite. Insiders will be given advance warning about any such plan, and will be able to transfer their money offshore or into financial vehicles immune from harm. Assuming that the elite moves its money to safety, there would then be $120,000,000,000,000.00 ($120 trillion) in American debt and liabilities supported by only $32,000,000,000,000.00 ($32 trillion) in private net worth, for a deficit of $88,000,000,000,000.00 ($88 trillion). In that case, each American would owe $285,714.29 to balance the country’s books. (Remember to multiply this amount by every person in your household, including any infant children.)
If the common people suspect that something diabolical was in the works, a portion of the $32 trillion in non-elite wealth could be evacuated as well prior to a government expropriation and/or currency devaluation, resulting in less money for the government to steal. What these statistics mean is that it is absolutely impossible for the government to fund its debt and deficits, even if it steals all of the nation’s private wealth. Therefore, the government’s only solutions are either formal bankruptcy (outright debt repudiation and the dismantling of bankrupt government programs) or unprecedented American monetary inflation and debt monetization. If the government chooses to inflate its way out of this fiscal catastrophe, the United States dollar will essentially become worthless. You can be absolutely certain that a PhD. in economics, such as Dr. Bernanke, is well aware of these realities, despite what he might say in speeches. For that matter, so are Chinese schoolchildren, who, when patronized by Treasury Secretary Geithner about America’s “strong dollar,” laughed in his face. One day, perhaps America’s school children will receive a real education so that they, too, will know when to laugh at absurd propaganda.
…
These deficits and debts are now so gargantuan that they have become surreal abstractions impossible even for sophisticated financiers to begin to comprehend. The common citizen has absolutely no idea what these numbers mean, or imply for his or her future. The people have been deluded into thinking that America’s arrogant, egomaniacal, always-wrong-but-never-in-doubt fiscal witch doctors and charlatans, including Greenspan, Rubin, Summers, Geithner and Ponce de Bernanke, have discovered a Monetary Fountain of Youth that endlessly spits up free money from the center of earth, in a geyser of good will toward the United States. Unfortunately, this delusion is false: there is no Monetary Fountain of Youth, and contrary to the apparent beliefs of the self-deified man-gods in Washington, D.C., the debt and deficits are real, completely out of control, and 100% guaranteed to create catastrophic consequences for the nation and its people.
When government “representatives” deliberately sell into slavery the citizens of a so-called free Republic, they have committed treason against those people. This is exactly what has happened in the United States: the citizens have been sold into debt slavery that they and their descendants can never escape, because the debts piled onto their backs can never, ever be paid. Despite expensive and sophisticated brainwashing campaigns emanating from Washington, claiming that America can “grow” out of its deficits and debt, it is arithmetically impossible for the country to do so. The government’s statements that it can dig the nation out of its fiscal hole by digging an even deeper chasm have become parodies and perversions of even totally discredited and morally disgusting Keynesianism.
The people no longer have elected representatives; they have elected traitors.
The enslavement of the American people has been orchestrated by a pernicious Master Class that has taken the United States by the throat. This Master Class is now choking the nation to death as it accelerates its master plan to plunder the people’s dwindling remaining assets. The Master Class comprises politicians, the Wall Street money elite, the Federal Reserve, high-end government (including military) officials, government lobbyists and their paymasters, military suppliers and media oligarchs. The interests and mindset of the Master Class are so totally divorced from those of the average American citizen that it is utterly tone deaf and blind to the justifiable rage sweeping the nation. Its guiding ethics of greed, plunder, power, control and violence are so alien to mainstream American culture and thought that the Master Class might as well be an enemy invader from Mars. But the Master Class here, it is real and it is laying waste to America. To the members of the Master Class, the people are not fellow-citizens; they are instruments of labor, servitude and profit. At first, the Master Class viewed the citizens as serfs; now that they have raped and destroyed the national economy, while in the process amassing unprecedented wealth and power for themselves, they see the people as nothing more than slaves.
Know Your Enemy-The Oligarchs
Filed under: AGW, Al Gore, Alex Jones, anti-human, Ben Santer, cap-and-tax, carbon credit system, carbon credits, carbon dioxide, Carbon Tax, China, climate change, climate cult, climate science, climategate, Co2, common currency, Communism, Conditioning, cop15, copenhagen, Copenhagen treaty, corruption, cult, darwinists, depopulation, Dictatorship, Dollar, dollar collapse, dollar dump, Empire, environmentalist, environmentalists, Eugenics, Euro, Fascism, george hunt, global currency, global government, Global Warming, global warming hoax, Greenback, greenpeace, Hoax, hypocrisy, imf, indoctrination, ipcc, jesse ventura, kyoto, Lord Monckton, man made global warming, manipulation, maurice strong, monckton, Nazi, New World Order, NWO, Oil, oil companies, One World Government, Population Control, rothschild, scam, scandal, SDR, SDRs, single currency, truTV, UN, united nations, Whistleblowers, World Bank, world currency, world government | Tags: hara
Conspiracy Theory With Jesse Ventura: Global Warming
Airs Wednesdays at 10PM on TruTV
Filed under: Barack Obama, bilderberg, Central Banks, China, commodities, common currency, Credit Crisis, DEBT, Dictatorship, Dissent, Dollar, dollar collapse, dollar dump, economic depression, econommic collapse, Economy, Empire, g20, george soros, global central bank, global currency, global economy, global elite, global fascism, global government, global oligarchs, global treasury, Globalism, globalist, gold, Great Depression, Greenback, hyperinflation, imf, IMF bonds, Inflation, internationalism, internationalist, internationalists, manipulated economy, manipulated market, manipulation, market manipulation, New World Order, NWO, obama, Oil, oligarchy, One World Government, Petrol, SDR, SDRs, single currency, slavery, socialism, soros, Stock Market, UN, united nations, US Economy, World Bank, world currency, world government
Soros: “An Orderly Decline of the U.S. Dollar is Acceptable”
Billionaire globalist says China must be more subservient to the IMF’s New World Order, warns Americans that it would be unwise to resist a new world currency
Paul Joseph Watson
Prison Planet.com
October 28, 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.
Watch the video interview below.
Filed under: Africa, African Union, bernanke, bilderberg, Bob Zoellick, central bank, China, common currency, Communism, Daniel Estulin, DEBT, despotism, Dictatorship, Dollar, dollar collapse, dollar dump, Economic Collapse, economic depression, Empire, Fascism, Federal Reserve, g20, george soros, global bankers, global central bank, global currency, global economy, global elite, global government, global oligarchy, global treasury, Globalism, globalists, Great Depression, Greenback, Henry Kissinger, hyperinflation, imf, Inflation, internationalist, internationalists, logan act, manipulated economy, manipulation, market manipulation, Masaaki Shirakawa, New World Order, NWO, oligarchy, One World Government, poverty, Robert Zoellick, Russia, SDR, SDRs, single currency, slavery, socialism, sovereignty, Stock Market, super currency, Timothy Geithner, trilateral commission, UN, united nations, US Treasury, World Bank, world currency, Yoshihiko Noda | Tags: g20 scotland, scotland g20, st. andrews
G20 Elite Plan African Union Controlled by the IMF
The Corbett Report
November 11, 2009
 Daniel Estulin |
In an exclusive interview with The Corbett Report earlier today, Daniel Estulin revealed the behind-the-scenes details of last week’s G20 Finance Minister’s meeting in St. Andrews, Scotland. Many of these details come from actual G20 documents that his sources were able to sneak out of the meetings in spite of security measures which, Estulin notes, were unprecedented “even by Bilderberg standards.” These documents, which contain valuable information about the conference, are available at BilderbergBook.com and have been mirrored on The Corbett Report homepage. They were smuggled out at great personal risk and need to be disseminated widely.
The key issue discussed at the meeting, according to Estulin, was “the next step in globalization, which is the creation of the African Union.” This is part of an unfolding agenda of the ceding of national sovereignty to unnacountable regional governments which can more easily administer and implement the aims of the financial oligarchs. One of these aims is the elite’s exhaustively documented penchant for population reduction, including tying development aid to population control problems. “The creation of the borderless African continent will be spearheaded by the IMF.”
One of the smuggled documents shows that an attendee had the IMF articles of agreement at the meeting and highlighted the fact that funds were made available “under adequate safeguards” to member nations. This is code speak for imposing draconian measures designed to plunge countries into virtual servitude, with the result that in Africa, countries spend five times more revenue on servicing their IMF debts than they do on health care for their own citizens.
Watch an excerpt of the interview in the video below:
The meeting’s attendees, also identified in the smuggled documents, reads like a who’s who of the financial oligarchical elite, including leading Bilderbergers such as U.S. Treasury Secretary Timothy Geithner, Federal Reserve Chairman Ben Bernanke, World Bank President Bob Zoellick, Turkish Finance Minister Ali Babacan and British Finance Minister Alistair Darling and many others. The Trilateral Commission was also represented at the conference by Japanese members Yoshihiko Noda and Masaaki Shirakawa.
In the interview, Estulin discusses the G20’s debate on dumping the U.S. dollar which he first revealed would be on the meeting’s agenda in a press release last week. He indicates that the matter, although discussed, was rejected . “The American and the British delegations tried to persuade the Russian and the Chinese delegates to devalue the dollar and create a basket of currencies or another world currency to take the place of the dollar,” he said. “Luckily, both the Russians and the Chinese told the Americans and the British to go pound sand. They were not willing to do this.”
The idea that the Western financial oligarchs are aiming to dump the U.S. dollar is in line with recent reports that Goldman Sachs (whose members are suspiciously well connected to the upper echelons of the U.S. Treasury) actually took up positions to short the housing market right before the crash. Although a pre-meditated attempt to bring about a financial collapse would appear not to be in the financial oligarch’s self-interest, it makes perfect sense when one considers this as a problem-reaction-solution operation of creating a problem in order to get the public to support a pre-determined solution. In this case, the endgame has always been to use a financial collapse to usher in a New World Order. Now, exactly as precicted, everyone from Kissinger to Soros is using the economic collapse to call for a new financial order of greater international (read: unelected, undemocratic and unaccountable) control over world financial markets. Indeed, just as the G20 was wrapping up, talking heads like Damon Vickers were starting to insert talking points about a new global currency and a “New World Order” onto CNBC. Although it is good news that the dumping of the dollar failed to gain traction at this meeting, it by no means insures that this disastrous move will not continue to be pursued by the influential globalist financiers.
On a positive note, Canadian Finance Minister Jim Flaherty made a show of standing up for the people of the planet by noting that “the recent public policy of privatizing profits and socializing losses is unacceptable to taxpayers,” to which someone responded “Do you think they have noticed?” The response provoked laughter from the assembled oligarchs. Mr. Estulin has a message for the G20 oligarchs: “Gentlemen of the G20, in case you’re wondering: Yes, we the great unwashed have definitely noticed.”
Listen to the full interview by clicking here
U.S. Gives Up Economic Independence to the IMF
World Bank and IMF Join Global Attack on U.S. Dollar
U.S. Dollar Will No Longer Be World Reserve Currency
Filed under: bailout, bank bailout, Big Banks, China, Credit Crisis, DEBT, deflation, devaluation, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Federal Reserve, global currency, global economy, Great Depression, Greenback, hyperinflation, imf, Inflation, interest rate cuts, Japan, liquidity, market manipulation, private bank, rate cut, SDR, SDRs, Stock Market, US Economy, Wall Street, world currency, Yen
Even the Fed Doesn’t Want to Hold U.S. Dollars
Seeking Alpha
Friday, October 23, 2009
This is the scariest image in finance:
The above chart shows the dollar’s performance since the Fed announced its Quantitative Easing program in March. This chart tells us two things:
1. Americans just got 15% poorer on the world stage thanks to Ben Bernanke
2. A currency crisis is in the works (and perhaps already starting)
Regarding #1: When the financial crisis hit, the Fed realized it would need to keep interest rates low while it attempted to bail out the banks (80% of the $200+ trillion in derivatives sitting on commercial banks’ balance sheets are related to interest rates).
The problem with this is that it makes Treasuries very unattractive to foreign investors (China & Japan) who want a higher yield. Consequently, the Fed decided to pick up the slack by buying $300 billion worth of Treasuries through the now famous Quantitative Easing program.
As I noted last week, the Fed is now the largest buyer of US debt (it bought more debt than the next three largest buyers combined in 2Q09). China and Japan are no one’s fools. And they’re not going to fund a monetary policy that is both profligate and likely to erode the value of their dollar holdings.
Which brings us to item #2: the coming dollar crisis.
I am not a huge fan of technical analysis, but it is a useful tool for navigating a trader-heavy, liquidity driven, manipulated market such as today’s. On that note, I want to point out that the dollar began forming a falling bullish wedge pattern starting in June (see above chart). This pattern entails an ever-tightening range of lower highs and lower lows and typically precedes major breakouts to the upside.
Except it didn’t.
As you can see, the dollar broke down out of this pattern in late September. It then rallied back up into the trading range before breaking down again. This is bad news. The next line of support (place where the dollar could bounce) is 76. We’ve already broken that one too.
Now the next line of support is 72. Now, the dollar has only fallen to this level once in the last 30 years (Summer 2008, see the chart below). If we fall below that, then we’re in uncharted territory and a major dollar devaluation is in the works.
Perhaps it’s already happening.
To review a point made earlier, the dollar has lost 15% of its value since March 2009. On an annualized basis, we’re talking about the dollar losing almost a third of its value in one year (30%). That is an absurd level of devaluation. And China, Japan, etc. have had enough. It is now clear that a flight from the dollar has begun; the Fed buys more US debt than the next three biggest buyers combined.
However, what most people don’t realize is that even the Fed itself is shifting away from the dollar. Everyone knows that China and Japan hold massive foreign reserves (the dollar). But the US Federal Reserve does this too (we own euros, yen, etc.). And for some reason the amount of foreign reserve assets (non-dollar assets) on the Fed’s balance sheet skyrocketed by 50% to $133 billion at the end of August.
Now, $133 billion in foreign reserves is nothing compared to China and Japan’s ~$3 trillion. But a 50% increase in one week is an astounding rate of change.
The culprit?
A 500% increase in SDRs: the “global” currency issued by the IMF. The blog ZeroHedge caught this story first and pointed out that SDRs are the IMF’s means of maintaining a “super reserve” currency for the world. SDRs are defined as: a basket of currencies, today consisting of the euro, Japanese yen, pound sterling, and U.S. dollar.
Now, one has to wonder why the US Federal Reserve decided to suddenly buy $40 billion worth of SDRs overnight. The answer is that the IMF decided to massively increase the amount of SDRs outstanding from SDR 21 billion to SDR 204 billion in late August.
This came as part of a G20 decision made in April 2009 to stabilize the global financial system. Interestingly, of the countries involved in buying SDRs, the US bought the most at SDR 30 billion, compared to Japan (SDR 11 billion), and China (SDR 6 billion).
I realize this is getting a bit technical. But in simple terms this means that the US Fed intentionally participated in a world reserve currency scheme that devalued the dollar.
Folks, even the Fed doesn’t want to own dollars. It’s time to look for a currency that can’t be devalued.
Filed under: Bolivia, China, common currency, Credit Crisis, Cuba, DEBT, deflation, Dictatorship, Dollar, dollar collapse, dollar dump, Economic Collapse, economic depression, Economy, Ecuador, Empire, Euro, evo morales, Fascism, fiat currency, France, g20, gas prices, gasoline, global bankers, global central bank, global currency, global economy, global elite, global government, global treasury, Globalism, globalist elite, Great Depression, Greenback, Honduras, Hugo Chavez, hyperinflation, imf, IMF bonds, Inflation, internationalist, internationalists, Iran, Japan, Jose Antonio de Sucre, latin america, market manipulation, middle east, New World Order, Nicaragua, NWO, Oil, One World Government, Petrol, putin, ruble, Russia, SDR, SDRs, Simon Bolivar, single currency, socialism, spain, Stock Market, super currency, tax, Taxpayers, Tehran, UN, united nations, US Economy, Venezuela, Wall Street, World Bank, world currency, world government, yuan
Russia and Iran Now OFFICIALLY Talking of Dumping Dollar for International Trade
Washington’s Blog
October 18, 2009
After the Independent reported that Middle Eastern oil producers, plus China, Japan and France have all agreed to start trading oil using a basket of currencies – instead of the dollar – starting in 9 years, spokesmen for those governments denied it.
The Independent’s reporter explained why the governments were denying the rumor.
But now the governments themselves are starting to admit that they are switching out of the dollar.
For example, Russian Prime Minister Vladimir Putin said Wednesday that Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings. As Russia’s newspaper RIA Novosti writes:
Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings, Prime Minister Vladimir Putin said on Wednesday.
The premier, currently on a visit to Beijing, said a final decision on the issue can only be made after a thorough expert analysis.
“Yesterday, energy companies, in particular Gazprom, raised the question of using the national currency. We are ready to examine the possibility of selling energy resources for rubles, but our Chinese partners need rubles for that. We are also ready to sell for yuans,” Putin said.
And Iran’s Press TV reports that Iran wants to completely drop the dollar from its foreign exchange:
Since October 2007, Iran has received 85 percent of its oil revenues in currencies other than the US dollar and Tehran is determined to find a substitute for the US dollar for the rest of its 15 percent of oil revenues, the report added.
This story is confirmed by the Tehran Times, which notes:
As I have repeatedly noted, many countries have been moving out of the dollar for years. The process is simply accelerating.
In line with this plan, Iran has informed Japan that it should use the yen instead of dollars to pay for the oil it buys from the Islamic Republic.
In addition, Iran has decided to open a bourse for oil and gas transactions in currencies other than the U.S. dollar, especially the euro.
Latin America plans US dollar replacement
Press TV
October 17, 2009
Leftist Latin American leaders have agreed on using a new intra- regional trading currency, dubbed as Sucre, instead of the US dollar.
Bolivian President Evo Morales, who hosted leaders of the Bolivarian Alternative for Latin America and the Caribbean (ALBA), said that the “document is approved.”
During the seventh ALBA summit, the leaders agreed on the currency reform as well as approving plans to impose economic sanctions against the coup leaders in Honduras, AFP reported.
The currency, Sucre, is named after Jose Antonio de Sucre who fought for Spain’s independence alongside Venezuelan hero Simon Bolivar in the early 19th century.
Sucre is scheduled to be rolled out in 2010 in a non-paper form.
The nine members of ALBA, conceived by Venezuelan President Hugo Chavez, are Cuba, Dominica, Venezuela, Ecuador, Nicaragua, Honduras, Saint Vincent and Antigua, Bolivia and Barbuda.
The bloc also agreed to replace the International Center for Settlement of Investment Disputes, which is in charge of arbitrating international disputes and has probed a large number of contract disputes between Western energy firms and members of ALBA.
ALBA, which has already lost many of its members, including Ecuador, is echoing the moves of the European Union and its introduction of euro.
Filed under: 1984, 2-party system, anti gun, Barack Obama, Big Brother, bilderberg, biometrics, Bush Sr., cap-and-trade, carbon dioxide, Carbon Tax, Christopher Monckton, climate change, Co2, common currency, Communism, copenhagen, Copenhagen treaty, Credit Crisis, DEBT, Dictatorship, DNA Database, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Empire, energy, energy tax, environmental taxation, Fascism, Federal Reserve, fiat currency, g20, george h. w. bush, george soros, global bankers, global central bank, global climate treaty, global currency, global economy, global elite, global government, global police force, global tax, global treasury, Global Warming, global warming treaty, Globalism, globalists, Great Depression, Greenback, Gun Control, gun control treaty, health care reform, hyperinflation, imf, IMF bonds, Inflation, International Banks, international criminal court treaty, international treaty, internationalism, internationalist, internationalists, internet, jerome corsi, left right paradigm, Lord Christopher Monckton, market manipulation, neocons, New World Order, NWO, obama, obama deception, obamacare, One World Government, orwell, SDR, SDRs, single currency, socialism, sovereignty, subprime, subprime lending, super currency, Surveillance, truth movement, UN, united nations, US Economy, us sovereignty, Wall Street, World Bank, world currency, world government, world police force, world tax
Obama Will Surrender America To World Government
NoWorldSystem.com
October 17, 2009
“Out of these troubled times, our fifth objective – a New World Order – can emerge. . . Now, we can see a New World Order coming into view. A world in which there is a very real prospect for a New World Order. . .A world where the United Nations, freed from a Cold War stalemate, is poised to fulfill the historic vision of its founders.” -George H.W. Bush
The Minnesota Free Market Institute hosted an event at Bethel University in St. Paul on Wednesday evening. Keynote speaker Lord Christopher Monckton, former science adviser to British Prime Minister Margaret Thatcher, warned the American people to stop Obama from signing a ‘global climate treaty’ at the climate change conference in Copenhagen in December 7-18 that will ultimately surrender U.S. sovereignty to a World Government under the guise of helping the environment.
With every passing day it becomes more evident that Obama is nothing more than a globalist, it is obvious from health care reform that he doesn’t care about the middle class, he is in the pocket of the internationalist elite like Kissinger and the rest of the global elite that wish to establish a World Government Dictatorship under the auspices of the United Nations.
If this international climate change treaty passes, Americans will have no choice but to pay a global climate tax that will be paid directly to the United Nations, at first the tax will be introduced to the public gradually such as a barely noticeable tax at the gas pump, which will later be increased once it has been officially established.
The Bilderberg Group has discussed this new global tax this year among many other things like creating a fast-but-painful depression to better establish a New World Order. The IMF, a United Nations entity has already declared itself the global central bank that will set regulations and issue a global currency to the nations. People like George Soros, IMF and the World Bank are betting against the dollar and with the help of the Federal Reserve will topple the dominance of the U.S. dollar in the world market to destroy the U.S. economy and force the global dictatorship on the western hemisphere.
We are beginning to see the emergence of a New World Order this year, with talks of a new global currency, a global climate tax, a global police force with access to a worldwide database of DNA, biometric and fingerprint records, an international gun-control treaty, an international criminal court treaty, the internet moving towards world government it’s crystal clear what is about to happen in this country.
Obama Poised to Cede US Sovereignty, Claims British Lord
Russian Scholar Says US Will Collapse By 2010 – Re-Colonization of America Before 2011
Filed under: bernanke, common currency, Credit Crisis, DEBT, deflation, Dictatorship, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Empire, Fascism, Federal Reserve, fiat currency, global bankers, global central bank, global currency, global economy, global elite, global government, global treasury, Globalism, globalist elite, Great Depression, Greenback, hyperinflation, imf, IMF bonds, Inflation, internationalist, internationalists, jimmy carter, main street, New World Order, NWO, Oil, One World Government, OPEC, private bank, SDR, SDRs, single currency, socialism, sovereignty, Stock Market, super currency, Tim Geithner, U.S. treasury, UN, united nations, US Economy, US Treasury, Wall Street, world currency, world government
Confidential Memos Indicate Oil SDR Pricing Shift Would Be “Most Damaging” To United States
Zero Hedge
October 12, 2009
A recently declassified, formerly Confidential, 30 year old memo prepared by Henry Owen for President Jimmy Carter’s eyes only, highlights the perils facing the United States if oil were to be priced in SDRs instead of dollars, a topic which is all the rage today as rumors are swirling that this is an imminent transition to be “put” upon the United States.
In response to your request, we have considered, and discussed with other agencies, whether the US should favor use of SDRs instead of dollars, to pay for crude oil… I have concluded that dollar pricing should be maintained — a view that is shared by State, Treasury and CEA.
The reasons:
1. An announcement that dollars were no longer being used as the unit of account in paying for oil would trigger selling of dollars on the foreign exchange markets. So we would suffer.
2. I don’t see any offsetting gain, since OPEC would probably raise prices in SDR terms, as necessary to recover revenue losses if the SDR appreciated relative to the dollar.
And the conclusion:
We might be able to persuade the OPEC countries to make the shift if the dollar weakened but that’s precisely when the move would be most damaging to us.
Poor Mr. Owen- little did he realize that a mere 3 decades after this memo was penned, the administration would be consumed by a bunch of Wall Street pandering, middle class extortionists, who seek nothing else than to inflate the trillions of toxic “asset” loans that make up the broken backbone of the American financial system. It would come as no surprise if the move is now in fact spearheaded by the same administration which has no other purpose in life than to destroy what little savings Americans have and to throw all their cash to prop up artificially inflated equity prices so that insiders can sell their stock at agreeable levels, and so the toxic companies can use the run up to issue follow on offerings, moderating their untenable debt holdings.
Even more troubling, in another declassified memo, former Undersecretary of the Treasury and President of the New York Fed, Anthony Solomon, reaches this damning conclusion:
The choice of the unit of account for oil pricing is basically under the producing countries’ control. There is no particular economic reason why a shift from the dollar would be contrary to U.S. interest — unless the dollar were to depreciate significant in relation to the currencies in the pricing basket. But there could be major psychological effects. Given the unsettled conditions in the foreign exchange market [TD: so true today, 30 years later], such a step at this time could be interpreted as a lack of confidence in the dollar and as presaging a shift in OPEC investment policy away from the dollar. It could precipitate a serious market reaction.
Alas, even President Carter, seen by many as one of the worst American president in American history was smart enough to not bury his own middle class at the expense of landed Wall Street interests. It is a pity that his current
incarnation, advised by the Bernanke-Summers-Geithner think tank, has such diametrically opposing motivations.
Filed under: big bankers, Central Banks, common currency, Credit Crisis, DEBT, Dissent, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Empire, False Flag, Fascism, Federal Reserve, fiat currency, g20, global bankers, global currency, global economy, global elite, global government, Globalism, globalist elite, gold, gold standard, Great Depression, Greenback, hyperinflation, imf, IMF bonds, Inflation, interest rate cuts, internationalist, internationalists, Iran, main street, market manipulation, New World Order, NWO, One World Government, private bank, rate cut, Robert Zoellick, Ron Paul, SDR, SDRs, silver, single currency, socialism, super currency, UN, united nations, US Economy, Wall Street, World Bank, world currency
Gold Hits New Record High of $1,043/oz
NoWorldSystem.com
October 6, 2009
Gold has hit a new record this morning at $1,043/oz.
Bank of America predicts gold prices will hit $1,500/oz by 2011 and Peter Schiff an Economic Analyst stated he sees gold reaching $1,500 to $5,000/oz, if the trend of gold keeps going up it would mean the dollar is collapsing.
The Federal Reserve will likely raise interest rates soon, the fed’s plan to save the economy is by continuing to flood the market with fiat dollar that are backed by nothing, the economy is slowly being lowered into the ground like a casket. Ever since the country got off the gold standard the dollar has devalued resulting in inflated prices in all commodities.
The sharp rise of gold from under $1,000 to quickly $1,043 is also likely attributed by the recent G20 and UN meetings discussing the hatred of the dollar as the leading currency in the world market and the desire to move toward a new economic World Order by creating a global fiat currency (SDR bonds) that are printed by the IMF.
Owning gold is really a long term investment and a safe-haven when there’s dreary times; with record debt and unemployment, socialism for the banks and auto corporations, plans for mandatory health-insurance, the failed costly-wars in the middle-east and the hawkish stance against Iran and Pakistan.. it’s going to be one hell of a ride in the next few years.
Ron Paul on Fox News – “We MUST go back to the gold standard”
Filed under: big bankers, Central Banks, CNBC, common currency, Credit Crisis, DEBT, deflation, Dissent, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Empire, Fascism, Federal Reserve, fiat currency, g20, G7, global bankers, global central bank, global currency, global economy, global elite, global government, global treasury, Globalism, globalist elite, gold, gold standard, Great Depression, Greenback, hyperinflation, imf, IMF bonds, Inflation, interest rate cuts, internationalist, internationalists, jim rickards, main street, market manipulation, New World Order, NWO, One World Government, Pennsylvania, Pittsburgh, Pittsburgh g20 summit, Pittsburgh summit, Pittsburgh summit 2009, private bank, Protest, rate cut, Robert Zoellick, SDR, SDRs, silver, single currency, socialism, sovereignty, stimulus, Stock Market, super currency, tax, Taxpayers, UN, united nations, US Economy, US Treasury, Wall Street, World Bank, world currency, world government | Tags: Dictatorship, Empire
World Bank and IMF Join Global Attack on U.S. Dollar
Larry Edelson
Money and Markets
October 4, 2009
In my emails to you over the past couple of weeks, I’ve shown you why Washington has no choice but to devalue the dollar — and how global leaders and even the United Nations have joined the attack on the greenback by demanding it be replaced as the world’s reserve currency.
Now, just this week, the International Monetary Fund and the World Bank have begun adding their voices to the international choir calling for a new global reserve currency:
* Last week, World Bank President Robert Zoellick warned that the dollar’s status will be challenged and shouldn’t be taken for granted.
* According to Turkish Deputy Prime Minister Ali Babacan, it’s likely that the role of special drawing rights (SDRs) based on a basket of currencies will be discussed as an alternative to the dollar during meetings of the World Bank and IMF in Istanbul next week.
* Meanwhile, global governments, central banks, companies and investors continue to slash their dollar holdings. According to the IMF, in April through June of this year, the greenback’s share of global currency reserves fell to the lowest level in a decade. Holdings of euros, in contrast, rose to a new all-time record high.
All this adds weight and momentum to the devaluation of the dollar. It is DEFINITELY ON THE TABLE. Indeed, for the first time I can remember, the G-7 finance officials, meeting this weekend, are rumored to be breaking with tradition and choosing not to release a statement on the global economy and currencies.
I feel this is an extremely significant development: At last week’s G-20 meeting, the group officially anointed itself as being in charge of global economic affairs.
Plus, we now have the G-7 refusing to discuss the dollar, which is highly unusual. Many will say that, if the G-7 does indeed refuse to comment on the dollar at this weekend’s meeting, it’s merely a sign they’re beginning to turn the reigns over to the G-20 for currency matters.
Baloney! The G-7 WILL discuss the huge “global economic imbalances” in the world. And to me, that’s code talk for a currency devaluation on the agenda. Members of the G-7 ARE discussing it. They’re just NOT doing it in public.
It reminds me of the 1985 Plaza Accord, where James Baker committed the U.S. to a depreciating dollar, bulldozing over our creditors, and ultimately precipitating the ‘87 crash.
The difference: Back then the U.S. was in a position to lead the devaluation. Today, it’s not. Today, our creditors are going to bulldoze over us.
IMF Catapults From Shunned Agency to Global Central Bank Issuing Debt to the World While U.S. Dollar Plummets
Huffington Post
October 2, 2009
“A year ago,” said law professor Ross Buckley on Australia’s ABC News last week, “nobody wanted to know the International Monetary Fund. Now it’s the organiser for the international stimulus package which has been sold as a stimulus package for poor countries.”
The IMF may have catapulted to a more exalted status than that. According to Jim Rickards, director of market intelligence for scientific consulting firm Omnis, the unannounced purpose of last week’s G20 Summit in Pittsburgh was that “the IMF is being anointed as the global central bank.” Rickards said in a CNBC interview on September 25 that the plan is for the IMF to issue a global reserve currency that can replace the dollar.
“They’ve issued debt for the first time in history,” said Rickards. “They’re issuing SDRs. The last SDRs came out around 1980 or ’81, $30 billion. Now they’re issuing $300 billion. When I say issuing, it’s printing money; there’s nothing behind these SDRs.
SDRs, or Special Drawing Rights, are a synthetic currency originally created by the IMF to replace gold and silver in large international transactions. But they have been little used until now. Why does the world suddenly need a new global fiat currency and global central bank? Rickards says it because of “Triffin’s Dilemma,” a problem first noted by economist Robert Triffin in the 1960s. When the world went off the gold standard, a reserve currency had to be provided by some large-currency country to service global trade. But leaving its currency out there for international purposes meant that the country would have to continually buy more than it sold, running large deficits; and that meant it would eventually go broke. The U.S. has fueled the world economy for the last 50 years, but now it is going broke. The U.S. can settle its debts and get its own house in order, but that would cause world trade to contract. A substitute global reserve currency is needed to fuel the global economy while the U.S. solves its debt problems, and that new currency is to be the IMF’s SDRs.
That’s the solution to Triffin’s dilemma, says Rickards, but it leaves the U.S. in a vulnerable position. If we face a war or other global catastrophe, we no longer have the privilege of printing money. We will have to borrow the global reserve currency like everyone else, putting us at the mercy of the global lenders.
To avoid that, the Federal Reserve has hinted that it is prepared to raise interest rates, even though that would mean further squeezing the real estate market and the real economy. Rickards pointed to an oped piece by Fed governor Kevin Warsh, published in The Wall Street Journal on the same day the G20 met. Warsh said that the Fed would need to raise interest rates if asset prices rose – which Rickards interpreted to mean gold, the traditional go-to investment of investors fleeing the dollar. “Central banks hate gold because it limits their ability to print money,” said Rickards. If gold were to suddenly go to $1,500 an ounce, it would mean the dollar was collapsing. Warsh was giving the market a heads up that the Fed wasn’t going to let that happen. The Fed would raise interest rates to attract dollars back into the country. As Rickards put it, “Warsh is saying, ‘We sort of have to trash the dollar, but we’re going to do it gradually.’ . . . Warsh is trying to preempt an unstable decline in the dollar. What they want, of course, is a stable, steady decline.”
What about the Fed’s traditional role of maintaining price stability? It’s nonsense, said Rickards. “What they do is inflate the dollar to prop up the banks.” The dollar has to be inflated because there is more debt outstanding than money to pay it with. The government currently has contingent liabilities of $60 trillion. “There’s no feasible combination of growth and taxes that can fund that liability,” Rickards said. The government could fund about half that in the next 14 years, which means the dollar needs to be devalued by half in that time.
The Dollar Needs to be Devalued by Half?
Reducing the value of the dollar by half means that our hard-earned dollars are going to go only half as far, something that does not sound like a good thing for Main Street. Indeed, when we look more closely, we see that the move is not designed to serve us but to serve the banks. Why does the dollar need to be devalued? It is to compensate for a dilemma in the current monetary scheme that is even more intractable than Triffin’s, one that might be called a fraud. There is never enough money to cover the outstanding debt, because all money today except coins is created by banks in the form of loans, and more money is always owed back to the banks than they advance when they create their loans. Banks create the principal but not the interest necessary to pay their loans back.
The Fed, which is owned by a consortium of banks and was set up to serve their interests, is tasked with seeing that the banks are paid back; and the only way to do that is to inflate the money supply to create the dollars to cover the missing interest. But that means diluting the value of the dollar, which imposes a stealth tax on the citizenry; and the money supply is inflated by making more loans, which adds to the debt and interest burden that the inflated money supply was supposed to relieve. The banking system is basically a pyramid scheme, which can be kept going only by continually creating more debt.
The IMF’s $500 Billion Stimulus Package:
Designed to Help Developing Countries or the Banks?
And that brings us back to the IMF’s stimulus package discussed last week by Professor Buckley. The package was billed as helping emerging nations hard hit by the global credit crisis, but Buckley doubts that that is what is really going on. Rather, he says, the $500 billion pledged by the G20 nations is “a stimulus package for the rich countries’ banks.”
Why does he think that? Because stimulus packages are usually grants. The money coming from the IMF will be extended in the form of loans.
These are loans that are made by the G20 countries through the IMF to poor countries. They have to be repaid and what they’re going to be used for is to repay the international banks now. . . . [T]he money won’t really touch down in the poor countries. It will go straight through them to repay their creditors. . . . But the poor countries will spend the next 30 years repaying the IMF.
Basically, said Professor Buckley, the loans extended by the IMF represent an increase in seniority of the debt. That means developing nations will be even more firmly locked in debt than they are now.
At the moment the debt is owed by poor countries to banks, and if the poor countries had to, they could default on that. The bank debt is going to be replaced by debt that’s owed to the IMF, which for very good strategic reasons the poor countries will always service. . . . The rich countries have made this $500 billion available to stimulate their own banks, and the IMF is a wonderful party to put in between the countries and the debtors and the banks.
Not long ago, the IMF was being called obsolete. Now it is back in business with a vengeance; but it’s the old unseemly business of serving as the collection agency for the international banking industry. As long as third world debtors can service their loans by paying the interest on them, the banks can count the loans as “assets” on their books, allowing them to keep their pyramid scheme going by inflating the global money supply with yet more loans. It is all for the greater good of the banks and their affiliated multinational corporations; but the $500 billion in funding is coming from the taxpayers of the G20 nations, and the foreseeable outcome will be that the United States will join the ranks of debtor nations subservient to a global empire of central bankers.
Man Throws Shoe at IMF Chief
Filed under: 2009 bilderberg, american union, Amero, asian union, Asian-Pacific Union, Barack Obama, bilderberg, blair, Britain, Canada, centralization, China, Colonialism, common currency, Continuity of Government, Control Grid, Credit Crisis, DEBT, Dictatorship, Dollar, Economic Collapse, economic depression, economic world order, Economy, Empire, environmental taxation, Euro, Europe, european union, Fascism, Federal Reserve, g20, global currency, global economy, global elite, global government, global tax, global treaty, Globalism, globalists, Great Depression, Greenback, hyperinflation, imf, IMF bonds, Inflation, internationalist, internationalists, ireland, Japan, jim tucker, lisbon treaty, Martial Law, Mexico, NAFTA, NAU, Nazi, New World Order, North American Union, NWO, obama, obama stimulus, One World Government, private bank, Russia, SDR, SDRs, single currency, socialism, sovereignty, Soviet Union, SPP, stimulus, Stock Market, super currency, UN, United Future World Currency, United Kingdom, united nations, US Economy, US Treasury, Wall Street, World Bank, world currency, world government | Tags: international criminal court, james steinberg
Russian Scholar Says US Will Collapse By 2010 – Re-Colonization of America Before 2011
NoWorldSystem.com
October 3, 2009
Russian Professor Igor Panarin predicts that the United State will completely collapse due to the faltering economy in 2010 much like the Soviet Union did in 1991, he also warns Barack Obama will order Martial Law during the economic depression that will create total chaos for Americans while the still-standing nations take over the country. According to the professor the states will split into six rump-states before 2011 where Russia, China, European Union, Canada, Japan and Mexico will re-colonize what’s left of the United States.
“In my opinion, the probability of the U.S. ceasing to exist by June, 2010 exceeds 50%. At this point,” warns Panarin, a doctor and professor of Russian Diplomatic Academy Ministry of Foreign Affairs.
Panarin also made it clear that President Obama has and will do nothing to stop the coming collapse of the U.S. economy and the U.S. dollar, he says can all begin to unfold as early as November 2009.
“Obama is “the president of hope”, but in a year there won’t be any hope,” said Panarin. “He’s practically another Gorbachev – he likes to talk but hasn’t really managed to do anything. Gorbachev at least had been a secretary of a regional communist party administration, whereas Obama was just a social worker. His mentality is totally different. He’s a nice person and talks nicely – but he’s not a leader and will take America to a crash. When Americans understand that – it will be like a bomb explosion.”
Obama has officially embraced the New World Order at the G20 meeting in New York, stating; “The time has come for the world to move into a new direction” and that the world must “embrace a new era of mutual interests”.
Basically the New World Order is a World Government agenda that will force all nation-states to be in favor of a World Government Dictatorship, under the auspices of the United Nation. The plan is to divide the world into 3 giant Continental Unions, each will have their own individual currency.
The goal is an “Asian-Pacific Union” and the “American Union” both modeled after the already established European Union (EU). The EU has its common currency, the euro, and a European Parliament that can impose laws and the once sovereign nations of Europe and a European Court superior to the highest courts of member states. The EU is effectively a single super-state.
The “American Union” is to evolve from the North American Free Trade Agreement, or NAFTA, as it extends throughout the Western Hemisphere. The common currency is to be the “amero”. Panarin previously stated that the U.S. dollar would eventually be replaced with “a common Amero currency as a new monetary unit”, referring to the Security and Prosperity Partnership agreement between the U.S., Canada and Mexico.
There has been a lot of talk about continental currencies, but there has also been talks about a world ‘super currency’ controlled by the IMF under the control of the United Nations. It remains to be seen and is open for debate what exactly will happen, regardless of the currency choice, national sovereignty will be given up if any of these new currencies are implemented.
A nation’s currency is a symbol of sovereignty, so when things like the euro are created it destroys the sovereignty of all the countries entrapped in the European Union. So the internationalists want to collapse America’s sovereignty because many of them know that if Americans knew of their plans to destroy U.S. sovereignty they would revolt against the United Nations and there would never be a New World Order without the U.S. just like there wouldn’t be a European Union without Ireland. The internationalists members of the Bilderberg group this year have discussed the desire for a short-but-painful depression in the United States that paves the way for their new sustainable economic world order, destroying America’s sovereignty and paving the way for World Dictatorship.
There are so many things that have already been accomplished for the creation of a World Government:
1) The enactment of the Lisbon Treaty that completes the European Union has been finalized, Ireland has voted ‘Yes’ to the treaty just recently and will create a seat for a new EU President (Tony Blair) who will be in control of the entire European continent. 2) The internationalists are planning to destroy the U.S. economy and the U.S. dollar through manipulation, debt and hyperinflation, the Federal Reserve has been successfully devaluing the dollar by printing money out of thin air to counter the effects of the crisis. The Fed’s destruction of the dollar will topple its dominance in the world market as the currency of choice. The recent election victory for Japan’s Democratic Party is another sign that the economic collapse of the dollar is coming, according to Panarin:
“Today I received another confirmation that the collapse of the dollar and the US is inevitable. Japan’s Democratic Party won the election, and I’d like to remind you that its leader [Yukio Hatoyama] has the snubbing of the dollar among his economic plans. In plainer words, he plans to transfer Japan’s monetary reserves from US dollars into another currency. The move will seriously accelerate the dollar’s exchange slump as early as this November. Disintegration will follow shortly,” he said, adding that next year China would also begin to massively dump the dollar and that Russia would begin to sell oil and gas for roubles.
The new Bilderberg-backed Japanese President fully supports the plan for an Asian-Pacific Union that will have its own regional currency like the EU.
Panarin forsees the U.S. breaking up into six large estates by 2011, roughly along the lines of the beginning of North American colonialism where British, French and Spanish settlers were the main countries that fought for Indian land.
Panarin sees all the states of the west including California will be part of China, the entire north including the central states with their large Native American populations will be under the influence of Canada (which is a British Commonwealth Nation), the majority of the eastern states may be taken over by the European Union, the Southern states including New Mexico and Florida will be under the influence of Mexico and Alaska would go to Russia and Hawaii would either go to China or Japan. (see map here)
America as we know it will cease to exist altogether if any of what Panarin says is true.
Russian Professor: Collapse Of America Could Begin In Two Months
Filed under: Ahmadinejad, angela merkel, Bank of England, bank of the world, Barack Obama, bilderberg, BRIC, Britain, centralization, China, Credit Crisis, DEBT, Dictatorship, Dollar, Economic Collapse, economic depression, Economy, Empire, Europe, european union, Fascism, Federal Reserve, g20, global currency, global economy, global elite, global government, Globalism, gordon brown, Great Depression, Greenback, hyperinflation, imf, IMF bonds, India, Inflation, internationalist, internationalists, Iran, Joaquin Almunia, london, Medvedev, Mongolia and Afghanistan., New World Order, nicolas sarkozy, NWO, obama, One World Government, Russia, Sarkozy, SDR, SDRs, single currency, socialism, sovereignty, Stock Market, super currency, UN, UNCTAD, United Kingdom, united nations, US Economy, US Treasury, Wall Street, World Bank, world currency, yuan
UN Calls For Bank Of The World, New Global Currency
Steve Watson
Infowars.net
September 7, 2009
The United Nations has called for the establishment of a new global reserve currency to be overseen by a bank of the world in an effort to reduce the role of the Dollar in international trade.
Details of the proposal were outlined in a report from the UN Conference on Trade and Development (UNCTAD). The report also calls for the new global reserve bank to monitor and manage the national exchange rates of member states.
“There’s a much better chance of achieving a stable pattern of exchange rates in a multilaterally-agreed framework for exchange-rate management,” Heiner Flassbeck, co-author of the report and a UNCTAD director, told Bloomberg News.
“An initiative equivalent to Bretton Woods or the European Monetary System is needed.” said Flassbeck.
He also added that while the UN also backed strengthening Special Drawing Rights (SDRs), a synthetic paper currency issued by the International Monetary Fund that was dormant for half a century until earlier this year, that would not be enough to “protect emerging markets”.
This latest call for a new reserve currency from the UN echoes previous efforts by the global body to initiate talks on replacing the Dollar.
Meanwhile, an influential Chinese policy maker has slammed the US Federal Reserve’s policy of printing money to buy Treasury debt, declaring that it threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy.
Earlier in the year, China expressed support for a Russian proposal for the creation of a new supra-national global currency as an alternative to the Dollar as the world reserve currency.
Other heavyweight elites such as French President Nicolas Sarkozy, German Chancellor Angela Merkel, British Prime Minister Gordon Brown, UK Business Secretary and top Bilderberg member Peter Mandelson and EU heads such as Joaquin Almunia, to name but a few, have called for a new economic world order consisting of vastly increased overarching centralization.
The creation of a de facto world currency to supplant the Dollar would likely lead to a complete collapse of the greenback, of which trillions are held in in foreign exchange reserves by many foreign countries.
As we have repeatedly warned, the introduction of a new global currency system is a key cornerstone in the move towards global government, centralized control and more power being concentrated into fewer hands.
Furthermore, a global central bank will establish a de facto financial dictatorship which will wield power over the economies of every country on the planet with no accountability whatsoever.
Filed under: Amero, Barack Obama, Canada, China, civil war, Communism, Credit Crisis, DEBT, deflation, Dictatorship, Dollar, Economic Collapse, economic depression, Economy, EU, european union, Fascism, global currency, global economy, global elite, global government, Globalism, gorbachev, Great Depression, Greenback, Hitler, hyperinflation, Inflation, Japan, Mexico, mikhail gorbachev, NAU, Nazi, New World Order, North American Union, NWO, obama, Oil, Ordo Ab Chao, Russia, single currency, socialism, Soviet Union, SPP, Stock Market, super currency, Uncategorized, US Economy, us sovereignty, Wall Street, world currency, world government | Tags: igor panarin, Yukio Hatoyama
Russian Professor: Collapse Of America Could Begin In Two Months
Doomsday author says Obama is doing nothing to forestall disintegration
Paul Joseph Watson
Prison Planet.com
September 1, 2009
Russian Professor Igor Panarin says that events are continuing to confirm his doomsday prediction first made over 10 years ago, that the United States will completely collapse like the Soviet Union before the end of 2010, and warns that the chaos could begin to unfold in as little as two months.
Panarin, doctor of political sciences and professor of the Russian Diplomatic Academy Ministry of Foreign Affairs, told journalists during the unveiling of his new book yesterday that President Obama has done nothing to forestall the fast approaching crisis and that it could begin to properly unfold in November.
“Obama is “the president of hope”, but in a year there won’t be any hope,” said Panarin. “He’s practically another Gorbachev – he likes to talk but hasn’t really managed to do anything. Gorbachev at least had been a secretary of a regional communist party administration, whereas Obama was just a social worker. His mentality is totally different. He’s a nice person and talks nicely – but he’s not a leader and will take America to a crash. When Americans understand that – it will be like a bomb explosion.”
Since 1998, Panarin has been warning of a future disintegration of the United States and the collapse of the dollar. The recent election victory for Japan’s Democratic Party is another sign that the economic collapse of the U.S. is imminent, according to Panarin.
“Today I received another confirmation that the collapse of the dollar and the US is inevitable. Japan’s Democratic Party won the election, and I’d like to remind you that its leader [Yukio Hatoyama] has the snubbing of the dollar among his economic plans. In plainer words, he plans to transfer Japan’s monetary reserves from US dollars into another currency. The move will seriously accelerate the dollar’s exchange slump as early as this November. Disintegration will follow shortly,” he said, adding that next year China would also begin to massively dump the dollar and that Russia would begin to sell oil and gas for roubles.
Panarin previously stated that the dollar would eventually be replaced with “a common Amero currency as a new monetary unit”, referring to the Security and Prosperity Partnership agreement between the U.S., Canada and Mexico.
He foresees the U.S. breaking up into six different parts, roughly along lines similar to those of 1865 during the Civil War, “The Pacific coast, with its growing Chinese population; the South, with its Hispanics; Texas, where independence movements are on the rise; the Atlantic coast, with its distinct and separate mentality; five of the poorer central states with their large Native American populations; and the northern states, where the influence from Canada is strong,” according to Panarin.
Longer term, Panarin predicts that the breakaway states will eventually be taken over by the European Union, Canada, China, Mexico, Japan and Russia and America will cease to exist altogether, as depicted in the illustration above.
Panarin blames the collapse on a “political elite that implements an absurd and aggressive policy that aims to create conflicts around the planet” and warns that increasing firearms sales in the U.S. are a sign that people are preparing for “chaos” in the aftermath of a total financial meltdown.
“In my opinion, the probability of the US ceasing to exist by June, 2010 exceeds 50%. At this point, the mission of all major international powers is to prevent chaos in the US,” Panarin concluded.
Watch a clip from Russia Today below.
Filed under: Ahmadinejad, Bank of England, Barack Obama, bilderberg, BRIC, Britain, China, Credit Crisis, DEBT, Dictatorship, Dollar, Economic Collapse, economic depression, Economy, Empire, Europe, european union, Fascism, Federal Reserve, g20, global currency, global economy, global elite, global government, Globalism, gordon brown, Great Depression, Greenback, hyperinflation, imf, IMF bonds, India, Inflation, internationalist, internationalists, Iran, jim tucker, london, Medvedev, Mongolia and Afghanistan., New World Order, NWO, obama, One World Government, Pakistan, rothschilds, Russia, SDR, SDRs, single currency, socialism, sovereignty, Stock Market, super currency, UN, Uncategorized, United Kingdom, united nations, US Economy, US Treasury, Uzbekistan, Wall Street, world currency, yuan
Global Currency Becoming a Reality
Noworldsystem.com
June 22, 2009
BRIC leaders (Brazil, Russia, India and China) held their first-ever summit in Yekaterinburg Russia last week to discuss ways to complete the New World Order by reforming a better and “more diversified international monetary system” (IMF) that will issue a new global ‘super currency’ that will eventually replace all other currencies of the world.
A global ‘super currency’ created by the International Monetary System (IMF) is the New World Order plan that will eventually control all sovereign nations of the globe and will issue their own bonds called Special Drawing Rights (SDRs). This is a big step towards a One World Government where a United Nations agency (the IMF) would print the world’s currency instead of sovereign countries having control of their own monetary system.
The New World Order is all about centralization of power, they seek to control every aspect of the world’s society in a dictatorial-manner where everything is filtered through them, the internationalist oligarchs. They think we are nothing more than indentured servants on their global plantation, that we will willingly bend with the wind of the globalist’s agenda to create a one world socialist dictatorship.
At the Bilderberg group in Greece, investigative journalist Jim Tucker reported that regular attendee Carl Bilt “made a speech advocating turning the IMF into a world department of treasury under the auspices of the United Nations.”. Tucker warned this is a giant leap towords the completion of a World Government. He also warns the Bilderberg members will stress to the public that the problem of global economic crisis is the justification for the centralization of power. [Source]
These are the same internationalist elite that created the world economic crisis in the first place through inflation and deflation of currencies through federal reserves of the world. Bilderberg sources say the globalists want an “intense-but-shorter depression that paves the way for a new sustainable economic world order, with less sovereignty but more efficiency”. Tucker’s Bilderberg sources agree saying “Treasury Secretary Geithner and Carl Bildt touted a shorter recession not a 10-year recession….partly because a 10 year recession would damage Bilderberg industrialists themselves”. [Source]
Brazil, Russia and China before the BRIC summit contributed over $70 billion to the IMF in hopes the system will reform and push the new global super currency (SDR bonds). [Source] The Brazilian government currently has around $200 billion in international reserves to invest in IMF bonds to issue debt to developing nations.
BRIC nations have called out for the death of the US dollar and its long held dominance as the main currency in the world financial market. Russian President Medvedev praised the New World Order: “BRIC should create the conditions of a fairer World Order” and called for a “more diversified international monetary system”. Brazilian President before the BRIC meeting said that the global economic crisis has created the conditions for a New World Order: “After the crisis, everyone has become similar. We have the possibility to create a New World Order and together we should improve our relations”.
The BRIC leaders ended the summit to attend another summit of the Shanghai Co-operation Organization (SCO) in Yekaterinburg. The SCO consists of leaders from Russia, China, Kazakhstan, Uzbekistan, Tajikistan and Kyrgyzstan, Iran, Pakistan, India, Mongolia and Afghanistan.
Iran President Ahmadinejad had strong words against the U.S. at the SCO Summit: “Western-style capitalism is falling apart, marking the end of the age of Imperialism” and that the New World Order should be less US-centric because “Washington’s many political and economic woes show that its judgement can no longer be trusted”. [Source]
The BRIC leaders plan to further discuss policies that will create this new global monetary order at the next G20 summit held in the US in September. Obama and Gordon Brown alluded to a New World Order and talks of a new global super currency at the last G20 London summit of 2009:
http://in.reuters.com/article/businessNews/idINIndia-40228820090610
BRIC Nations Call For A Multipolar World Order
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6514737.ece
Ahmadinejad: We Need New World Order
http://sweetness-light.com/archive/ahmadinejad-we-need-new-world-order
Time for ‘new world order’: Brazilian President
http://www.breitbart.com/article.php?id=CNG.db1c3a82d0827b5cdf05eea3ba146af8.511&show_article=1
BRIC by BRIC: Leaders Summit in Russia
http://www.as-coa.org/article.php?id=1708
London Telegraph Admits Plan For Bank Of The World, Global Currency
http://www.prisonplanet.com/london-telegraph-admits-plan-for-bank-of-the-world-global-currency.html
Cash to become extinct as chips take off
http://www.news.com.au/technology/story/0,28348,25637102-5014239,00.html
G-20 Shapes New World Order With Lesser Role for U.S., Markets
http://www.bloomberg.com/apps/news?pid=20601103&sid=axEnb_LXw5yc&refer=news
G20 will seek new international framework for global financial regulation
http://news.bbc.co.uk/1/hi/business/7957862.stm
Filed under: Big Banks, black tuesday, Britain, central bank, Credit Crisis, DEBT, Dollar, Economic Collapse, economic depression, Economy, Europe, european union, fannie mae, Federal Reserve, foreclosure, freddie mac, FTSE, global currency, Great Depression, Greenback, henry paulson, housing market, Inflation, mortgage companies, nationalization, Paulson, real estate, Senate, Stock Market, United Kingdom, US Economy, US Treasury, Wall Street | Tags: run on banks
Fed May Inject $15 Billion Into Failing Mortgage Lenders
Times Online
July 13, 2008
US TREASURY secretary Hank Paulson is working on plans to inject up to $15 billion (£7.5 billion) of capital into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms.
The two companies lost almost half their market value last week as rumours of a government bail-out swept the stock markets, hammering share prices around the world.
Together, the two stockholder-owned, government-sponsored companies own or guarantee almost half of America’s $12 trillion home-loan market and are vital to the functioning of the housing market.
The capital-injection plan is said to be high on a list of options being considered by regulators as a means of restoring confidence in the lenders. The move would protect the American housing market, but punish shareholders in both companies.
U.S. Weighs Takeover of Two Mortgage Giants
NY Times
July 11, 2008
Alarmed by the growing financial stress at the nation’s two largest mortgage finance companies, senior Bush administration officials are considering a plan to have the government take over one or both of the companies and place them in a conservatorship if their problems worsen, people briefed about the plan said on Thursday.
The companies, Fannie Mae and Freddie Mac, have been hit hard by the mortgage foreclosure crisis. Their shares are plummeting and their borrowing costs are rising as investors worry that the companies will suffer losses far larger than the $11 billion they have already lost in recent months. Now, as housing prices decline further and foreclosures grow, the markets are worried that Fannie and Freddie themselves may default on their debt.
Under a conservatorship, the shares of Fannie and Freddie would be worth little or nothing, and any losses on mortgages they own or guarantee — which could be staggering — would be paid by taxpayers.
The government officials said that the administration had also considered calling for legislation that would offer an explicit government guarantee on the $5 trillion of debt owned or guaranteed by the companies. But that is a far less attractive option, they said, because it would effectively double the size of the public debt.
The officials also said that such a step would be ineffective because the markets already widely accept that the government stands behind the companies.
http://www.independent.co.uk/news/busin..f-collapse-866481.html
Senate passes mortgage rescue plan
http://news.yahoo.com/s/ap/20080712/ap_on_go_co/congress_housing
Fannie and Freddie: A Run on the Bank?
http://www.kiplinger.com/columns/picks/archive/2008/pick0711.htm
Run On Banks Spells Big Trouble For U.S.
http://business.smh.com.au/run-on-banks..r-us-treasury-20080713-3eiv.html
Bank Crisis wipes $1 trillion from financial stocks
http://ap.google.com/article/ALeqM..P-JSq4qwbdYAD91P87HO0
World stocks at 21-month low as banks plunge
http://www.reuters.com/article/newsOne/idUSHKG35069520080708
Credit crunch: Emergency scheme to help cash-strapped homeowners
http://www.guardian.co.uk/busines../creditcrunch.houseprices
Small Banks’ Reckoning Day Is Coming
http://online.wsj.com/article/SB121494953423420859.html
Nationalizing Freddie & Fannie?
http://biz.yahoo.com/nytimes/080711/1194793612725.html?.v=4&printer=1
Poole: Fannie and Freddie Insolvent
http://uk.reuters.com/article/burningIssues/idUKBNG6370020080710
Black Tuesday as FTSE plummets, bank shares tumble and Britain faces recession ‘within months’
http://www.thisislondon.co.uk/news/article-23512506-d..+months’/article.do
Filed under: bernanke, Credit Crisis, Economic Collapse, economic depression, Economy, Euro, Federal Reserve, global currency, Great Depression, Greenback, Inflation, interest rate cut, Japan, job market, Stock Market, subprime, subprime lending, US Economy, Yen, Zimbabwe
Dollar stays near record euro low
BBC
October 19, 2007
The US dollar remained near record lows against the euro in early Friday trading, on growing expectation of a further American interest rate cut.
After disappointing US economic data overnight, one euro was worth $1.4280 by late morning in Europe, just short of Thursday’s all-time $1.4311 low.
Analysts said the rise in US unemployment makes the Federal Reserve more likely to trim rates this month.
Against Japan’s yen, the dollar remained near a three-week low.
The greenback was at 115.05 yen in early Friday trade.
Rejuvenate confidence
Commentators now expect the Fed to trim US interest rates from 4.75% to 4.5% when it next meets later this month.
The dollar has been sliding since the Federal Reserve cut rates from 5.25% to 4.75% in September to help rejuvenate confidence in the world’s largest economy.
This followed a summer of turmoil in the world’s credit markets, sparked by record loan defaults in the US sub-prime mortgage sector.
Since then, a raft of mostly disappointing economic news and soft inflation figures has prompted the anticipation of further rate cuts.
The inevitable collapse of the dollar
http://www.youtube.com/watch?v=4n3g5lUgkWk
Related News:
Dollar Falls To New Low Against Euro
http://biz.yahoo.com/ap/071018/dollar.html?.v=2
A Weak Dollar Is Bad For America
http://www.forbes.com/home/personalfina….efing_inl.html
Dangers Of The Diving Dollar
http://uk.biz.yahoo.com/17102007/35/dangers-diving-dollar.html
Global inflation: Policymakers fear return of a banished beast
http://news.yahoo.com/s/ft/20071017/bs….fpDS0PNL2ULEF
Inflation 7982% In Zimbabwe
http://news.scotsman.com/international.cfm?id=1661922007
Oil Surge To $89 May Provoke OPEC Meeting
http://www.reuters.com/a….idUSSP10407020071017
Oil Reverses Course, Hits New Record
http://biz.yahoo.com/ap/071017/oil_prices.html?.v=12
Gold price hits highest level since 1980
http://www.breitbart.com/article.php?i…gir33wg&show_article=1
Friction over weak dollar expected at G-7 meeting
http://www.mcclatchydc.com/227/story/20534.html
Japan and China lead flight from the dollar
http://www.telegraph.co.uk/money/m….07/10/16/bcnchina116.xml
2011 – The U.S. Dollar: R.I.P.
Paulson warns of damage to come
Greenspan would not be surprised to see a double-digit fall in US house prices nationally from their peak
Wall’s Street’s Rescue Plan: Be Very Afraid
GMAC Expected to Cut 25 Percent of Mortgage Workforce
Southern CA Home Sales Plunge 30%
German bank hit by subprime crisis slashes results, directors leave
The IMF States The US Dollar Still Has Some Downside
Sub-Prime Blow Up In Canada?
It’s Time For The Banks To Face The Hangman
US home foreclosures double
U.S. home starts fall to 14-year low
Experts Fear Repeat Of 1929 Economic Crash
Oil surges near $88 a barrel
Oil Futures Hit New Record Above $86
After a 200-Year Resource Bear Market, Gold Price Could Pass US$2,271
Wall Street Falls Amid Unease Over Bad Debt; Oil Settles Above $86
Gold & Oil Surges Dollar Falls
Treasury Sales May Rise 50% as Deficit Suddenly Grows
Plan to Save Banks Depends On Cooperation of Investors
Big Banks Trying to Avoid Global Economic Crash
Treasury claims power to seize gold and silver — and everything else
Income inequality worst since 1920s, according to IRS data
Man who correctly predicted Black Tuesday makes another prediction in NY Times: ‘Country is facing… a depression’
Oil Futures Hit New Record Above $85
Oil hits record $84
Bill Moyers: Are we heading for another 1929?
London, Not U.S., Controls U.S. Mortgage Crisis
Gold price rockets to 27-year high, platinum nears record
U.S. Foreclosure Filings Nearly Double in September Over Same Month a Year Ago
Strong silence from U.S. on dollar’s weakness
Central Banks Sell 475 Tons Of Gold
Credit card debt is ready to blow
Americans charge it as Bank of Subprime closes
‘The Roof Is Caving In On the Housing Market’; ‘Think Housing’s Bad? You Ain’t Seen Nothing Yet’
U.S. Economic Collapse News Archive
Filed under: 2008 Election, asia, Bill Clinton, Canada, Carroll Quigley, central bank, CFR, Economy, european union, Fred Thompson, George Bush, global currency, global economy, global elite, global government, Globalism, Greenback, Hillary Clinton, internationalist, John Edwards, John McCain, Mexico, Mitt Romney, Monetary Integration, New World Order, North American Union, One World Government, South America, SPP, US Economy
CFR Pushes For Regional Monetary Integration
Lee Rogers
Rogue Government
October 17, 2007
The traitors at the The Council of Foreign Relations are set to release a book entitled Regional Monetary Integration. The book is written by Council on Foreign Relations member Peter B. Kenen and Ellen Meade an Associate Professor at American University. The book analyzes the prospects of regional monetary integration around the world and what it would mean for the United States.
Below is a synopsis of this soon to be released book direct from the Council on Foreign Relations.
This book surveys the prospects for regional monetary integration in various parts of the world. Beginning with a brief review of the theory of optimal currency areas, it goes on to examine the structure and functioning of the European Monetary Union, then turns to the prospects for monetary integration elsewhere in the world—North America, South America, and East Asia. Such cooperation may take the form of full-fledged monetary unions or looser forms of monetary cooperation. Regional Monetary Integration emphasizes the economic and institutional requirements for successful monetary integration, including the need for a single central bank in the case of a full-fledged monetary union and the corresponding need for multinational institutions to safeguard the bank’s independence and assure its accountability. The book concludes with a chapter on the implications of monetary integration for the United States and the U.S. dollar.
According to the synopsis, the authors endorse the concept of a regional central bank to control a regional monetary union. The authors see prospects for regional monetary integration in North America, South America and Asia. With this in mind, it is clear that these two authors support the concept of a North American Central Bank, a South American Central Bank and an Asian Central Bank to control monetary policy in those regions of the world.
This is not the first time that the Council on Foreign Relations has released material endorsing the idea of regional currencies. Benn Steil another member of the Council on Foreign Relations wrote an essay entitled The End Of National Currency which concluded that national currencies were incompatible with a global economy.
This book release from the CFR is more proof that this think tank seeks to undermine national sovereignty not just here in the United States but around the world.
Bill Clinton’s mentor, Carole Quigley was quoted as saying the following about the CFR.
“The CFR is the American Branch of a society which originated in England and believes national boundaries should be obliterated and one-world rule established.”
The power and influence of the CFR is much like a shadow government. Several of the 2008 Presidential candidates including the likes of Mitt Romney, John McCain, Fred Thompson, Chris Dodd, Bill Richardson, John Edwards and Hillary Clinton are either members or have close affiliations with this think tank. What are the odds that so many people running for President would be linked to this group? More proof of their influence can be seen with their Building a North American Community document which laid out much of what eventually became the Security and Prosperity Partnership the 2005 agreement with Canada and Mexico that George W. Bush went along with despite all sorts of Constitutional problems with him doing so.
This new book from the CFR should give us insight into how we will see the global elites attempt monetary integration in various regions of the world. The book is set to be released in November of 2007. If anything, the title of the book shows that these people care not about the American people’s wishes or the Constitution. They are hell bent on furthering the aims of globalism through the creation of regional institutions and eventually a one world government.
What is the ‘North American Union’?
Filed under: ALCA, Amero, Canada, FTAA, George Bush, global currency, Globalism, Illegal Immigration, Immigration, jon stewart, Larry King, Mexico, NAFTA, North American Union, South America, Vicente Fox
Vicente Fox admits that he and George W. Bush have ‘agreed’ on common currency, North American Union
Webwire
October 10, 2007
Los Angeles, CA (Oct. 10, 2007) — Speaking on the Larry King show, former Mexican President Vicente Fox confirmed every assertion made by Jerome Corsi in his new book, NY Times bestseller “The Late Great U.S.A: The Coming Merger with Mexico and Canada” (WND Books, ISBNs 0-9790451-4-2, $25.95, July 2007). Not only did Fox admit that he and George W. Bush have “agreed” to create a common currency, the Amero, he contended that a North American Union is “inevitable” That’s something that Jerry Corsi takes issue with while applauding Fox’s openness on national television.
“At last we have public confirmation of the pernicious secret activity that’s been going on towards merging Mexico, Canada and the United States” declares Corsi, whose book became a bestseller shortly after publication. “Personally, I’d like to thank Vincente Fox. His candor about this merger is what’s going to stop it dead in its tracks”
Corsi continues, “Fox’s appearance with Larry King and, of all places, on The Daily Show constitutes the first time a leader of Mexico, Canada or the U.S. has openly confirmed a plan to create a regional currency called the Amero — a plan I document in detail in ‘The Late Great U.S.A.'” Fox went on to explain how current regional trade agreements between the United States and its hopelessly corrupt neighbor to the south are intended to evolve into other previously hidden aspects of North American integration.
As reported in WorldNetDaily, Larry King, near the end of the broadcast, asked Fox a question e-mailed from a listener: “I would like to know how you feel about the possibility of having a Latin America united with one currency”
Fox answered in the affirmative, admitting he and George W. Bush had “agreed” to pursue the Free Trade Agreement of the Americas – a free-trade zone extending throughout the Western Hemisphere – and that part of the plan was to institute a regional currency from Canada to the tip of South America!
“Long term, very long term” he said. “What we proposed together, President Bush and myself, it’s ALCA, which is a trade union for all the Americas”
According to Corsi, Fox has indeed performed a public service. “George W. Bush is president of the United States, not king. He has utterly no right to enter into any such agreement with a foreign country, particularly a hostile one” During Fox’s tenure as Mexican president, millions of Mexicans entered the United States illegally. In Corsi’s view, this constitutes an invasion that has cost American taxpayers billions of dollars while destroying schools and bankrupting hospitals and municipal governments across the country…and is only a taste of what a merger would bring.
“Finally” says the author of “The Late Great U.S.A” “here is unequivocal proof, straight from the mouth of Mexico’s former president, that Bush’s goal is to erode United States sovereignty in order to create free movement for Mexico’s peasant class across our border, in the process flooding us with even more anchor babies and illiterates ready and willing to take advantage of our country’s all-too-generous welfare programs”
Mexico’s invasion of America can and must be stopped, but in order to do so, every citizen must rise up and demand an end to it. “George W. Bush has been bought lock, stock and barrel by the elite and multi-national corporations pushing for a merger with Mexico, but he has utterly no right under the Constitution to push for a merger of the U.S with Mexico or any other country”
Fox’s comments are part and parcel of Mexico’s ongoing campaign to destroy American sovereignty to its benefit. “Going by what Fox has said on national television, it’s clear that Mexico has declared war on the United States” Corsi asserts. “It’s the only way such words can be interpreted. Since Bush has no interest in protecting our interests, and since all too few legislators have stepped up to condemn a North American Union and shared currency, it’s up to we the people”
Thanks to Corsi’s book “The Late Great U.S.A” “more and more patriotic Americans are learning the truth about our ‘good neighbor’ to the south, the one George W. Bush can’t do enough for at the expense of every American’s future. In just two unguarded interviews, Vincente Fox has confirmed every aspect of the ugly future that I’ve laid out in “The Late Great U.S.A” It’s past time we put a stop to his dream – and George W. Bush’s”
Vicente Fox Calls For North American Union
http://noworldsystem.com/2007/10/10…n-for-single-nafta-currency/
Vicente Fox Admits Plan For Single NAFTA Currency
http://prisonplanet.com/articles/october2007/091007_fox_admits.htm
Ex-Mexican prez: ‘Amero’ on the way
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=58052
What is the ‘North American Union’?
Filed under: ALCA, Amero, Euro, european union, FTAA, George Bush, global currency, global government, Globalism, Hugo Chavez, Illegal Immigration, Immigration, jon stewart, Larry King, Mexico, middle class, NAFTA Superhighway, New World Order, North American Union, Oklahoma, SPP, SPP Summit, Vicente Fox
Vicente Fox Admits Plan For Single NAFTA Currency
Former Mexican president wants North American Union based on EU
Paul Joseph Watson
Prison Planet
October 9, 2007
Mexico’s former president, Vicente Fox, made an astounding admission last night on CNN’s Larry King Live when he acknowledged the plan for a NAFTA single currency, a “euro-dollar” as King labeled it.
Fox also vowed to help unite the Americas beyond a trade agreement, following what he described as “a new vision, like we are trying to do with NAFTA”.
The comments follow Fox’s appearance on The Daily Show in which he advocated the creation of a North American Union based on the model of the European Union.
Watch the video.
http://www.youtube.com/watch?v=gYGrn0hZlCQ
KING: E-mail from Mrs. Gonzalez in Elizabeth, New Jersey. “Mr. Fox, I would like to know how you feel about the possibility of having a Latin America united with one currency?”
FOX: Long term, very long term. What we propose together, President Bush and myself, it’s ALCA, which is a trade union for all of the Americas. And everything was running fluently until Hugo Chavez came. He decided to isolate himself. He decided to combat the idea and destroy the idea…
KING: It’s going to be like the euro dollar, you mean?
FOX: Well, that would be long, long term. I think the processes to go, first step into is trading agreement. And then further on, a new vision, like we are trying to do with NAFTA.
http://video.google.com/videoplay?docid=-7290698440658114475&hl=en
In a recent appearance on The Daily Show With John Stewart, Fox also expressed his desire for a North American Union based on the model of the European Union.
Vicente Fox Calls For North American Union
http://www.infowars.net/articles/october2007/101007Fox.htm
Ex-Mexican prez: ‘Amero’ on the way
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=58052
Oklahoma Senator on NAFTA Corridor and SPP
http://www.youtube.com/watch?v=9cBEFJAq7-M
There’s A War On The Middle Class
http://www.youtube.com/watch?v=BNCe8N4R55M
Media Propaganda Campaign Says Lack Of Illegals Inflating Food Prices
http://infowars.net/articles/october2007/091007Illegals.htm
What is the ‘North American Union’?
Filed under: Amero, bilderberg, CFR, economic depression, Economy, engineered recession, Euro, european union, global currency, global government, Globalism, Greenback, North American Union
Economic Expert: We Are Already In An Engineered Recession
50% chance there is going to be a 1929 style economic depression as pretext for regionalization, globalist interests
Steve Watson
Infowars.net
August 15, 2007
Alex Jones was joined on air yesterday by investigative journalist, economic expert and Harvard Doctor of Political Science Jerome Corsi for an in depth discussion on the state of the economy and the engineered decline towards regionalization and a globalized monetary system.
Corsi warned that the crisis in the stock market we are currently witnessing is simply the tip of the iceberg and part of an overall meltdown that represents a gutting of the United States by neo-mercantilist institutions bent on the formation of a new global monopoly.
“We’re gonna go through Stagflation, which is basically stagnation and inflation. We are already in a recession, it just hasn’t been publicly declared yet. I think it will deepen through the rest of 2007 into 2008. Corsi stated.
“It’s going to last several years, it’s largely because we’ve lost so much of the manufacturing to China, even when our currency tanks, there are no exports we are producing anymore that will gain. The currency is gone, it is being sold off very quietly, worldwide, by the oil producing states, by China, the Euro is increasingly becoming our foreign exchange reserve currency.
The primary indices of inflation have been taken out of the indexes, food is not in and neither is energy prices. These two are going up hugely right now and are going to continue to go up.”
Corsi warned that this is going to be the formula for producing the Amero, a continental solution to the tanking of the Dollar.
Listen to the entire eye opening interview here.
Last September Corsi received the first documents pertaining to a FOIA request asking for full disclosure of activities towards creating a Pan American Union.
The documents show that a wide range of US administrative law is being re-written in stealth under the Security and Prosperity Partnership program to “integrate” and “harmonize” with administrative law in Mexico and Canada, just as has become commonplace within the EU.
The documents contain references to upwards of 13 working groups within an entire organized infrastructure that has drawn from officials within most areas of administrative government including U.S. departments of State, Homeland Security, Commerce, Treasury, Agriculture, Transportation, Energy, Health and Human Services, and the office of the U.S. Trade Representative.
Corsi also reported that at a recent high-level confab in Banff, an assistant U.S. secretary of state, Thomas A. Shannon , chaired a panel that featured a presentation by Prof. Robert Pastor, author of a book promoting the development of a North American union as a regional government and the adoption of the Amero as a common monetary currency to replace the dollar and the peso.
Just a conspiracy theory? Not according to leading economists such as Steve Previs of Jefferies International who stated on CNBC, “I think one thing for people who are dollar based need to focus on is the Amero, that’s the one thing that nobody is talking about that I think is going to have a big impact… on everybody’s life in Canada, the U.S. and Mexico…”
A global crash and a totally devalued dollar that can barely rival the peso are greasing the skids for a single North American currency. This spells disaster for all Americans who wish to maintain their standard of living and not find themselves barefoot on the street in a bread queue.
Corsi went on to forecast a five to seven year deep recession:
“We will not recover from this for at least five years. If people think that housing values are dropped today it’s nothing, housing values are going to go down fifty percent or more from the peak. We’re going to come to a point when condominiums in certain markets are worthless.
It’s not that there won’t be buyers out there, there just won’t be credit for them. You’re going to have a credit crunch now, where even if you’re qualified you’re going to have to have 20% down and even then you might have a hard time getting a loan at a reasonable rate for a house.”
Corsi urged anyone in the position to do so to quickly pay off any mortgages and get out of debt. Secondly he suggests investment in gold, rather than stocks and bonds which are based on fiat money and are going to decline tremendously in value:
“The derivative market could be a 450 trillion worldwide market that is going to collapse. Just in the hedge funds alone in the United States, and in the mortgage market there is between 3 and 5 trillion dollars of debt that is going to collapse. That means three to five trillion dollars of losses. Somebody is going to have to absorb that and the reason that the federal reserve is throwing out so much money into bank reserves is because we would’ve already had bank failures.”
Dr Corsi also warned against the school of thought that says if you get a bigger mortgage, as long as you have savings to pay for it, you can accelerate the pay off of it with inflation. He stressed that unless you have a long term fixed rate mortgage and you fully understand the terms of your contract you could at any point be subject to a change in terms and the loan could be called in:
“There is going to be a grab on this property by people who have cash, and that’s not going to be the middle class. People will lose their homes if they have large mortgages that they cannot comfortably sustain or pay off.
There’s going to be a grab where the institutions and the people already wealthy will only gain, it’s not going to be an opportunity for the average person to gain.”
Corsi also asserted that the ongoing meltdown is a global one and it is going to be very severe, forcing regionalization and providing the impetus to saying harmonization of national economies is the only way we can handle this coming huge recession.
Dr Corsi firmly believes that the crisis is an engineered one on behalf of a global elite who have long pushed for a regionalization, a single currency and a market they can monopolize more effectively:
“It is engineered because again, the move toward globalism, the pumping of this liquidity to stimulate the markets was totally artificial. The federal reserve is going to get caught right now in a total dilemma, if it raises rates to protect the dollar, its going to further tank the economy and cause the housing markets to be in even more of a crisis. We have economic stagnation, the loss of real income, the loss of real wealth and inflation at the same time. With the dropping of the dollar the crisis is going to be manipulated to the point where people will take the Amero or any regional solution if it is proposed as the way you get out of your problem.”
He further warned that the 400 billion injected into the stock markets last week is merely a temporary measure to slow down and control an overall meltdown and was only done to prevent a sudden massive crash. mirroring the analysis of the Financial Times of London and former World Bank chief economist Joseph Stiglitz Corsi stated that he sees no way to stop the meltdown, the only doubt left is whether it is going to be a fast or slow process.
He also believes there is an even money chance that there could be a huge 1929 style economic depression:
“This is the fastest run I’ve seen ever to get to the goal line of creating a Untied States regional economy, a North American Union. The elite are running like they’ll never have this chance again. It is the tenth hour, the eleventh hour where this battle will be fought. They believe that they can win now and they are going for broke to create a North American Union and tank the dollar.”
The decline of the economy in the US is being caused by the very predatory globalist policies that are still presented to us as the solution for economic turmoil. Globalist vampires such as the IMF and the World bank, but two of the elite central banks and private interests, have drained the third world dry, and are now focusing their attention on enslaving the developed world.
The single currency and a ‘new economic order’ is a major step on the road to global governance. Europe already has its own strong single currency, while the dollar’s days seem to be numbered. When money is being printed and distributed by private corporations is it any surprise to see a push for a merger with other countries’ currencies?
Talk has long been of a global currency by 2018 if plans go accordingly. A 1988 famous cover of The Economist emphasized this, depicting a phoenix standing atop burning paper money symbolizing its rise out of their destruction, with the words “Get ready for a world currency” next to it.
..start–> The article carried in The Economist, titled “Get Ready for the Phoenix,” stated that, “THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency.”
The article went on to state that sovereignty will be lost with the advent of the new currency, but that trends towards globalization are already doing away with it anyway.
The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate – and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.
“Pencil in the phoenix for around 2018, and welcome it when it comes,” the article concludes.
In 2004 Robert Mundell, the Nobel-prize winning economist often credited with paving the way to the European single currency, called for a global currency.
In an interview with French paper Libération, Mundell said: “With the emergence of the euro and its instability against the dollar, Europe, the United States and the Asian powers should come together and create a new international monetary system.”
In 2006 the scandal-ridden and highly secretive Bank For International Settlements, considered to be the world’s top central banking policy, released a policy paper that called for the end of national currencies in favor of a global model of currency formats.
The BIS is a branch of the of the Bretton-Woods International Financial architecture and closely allied with the Bilderberg Group. It is controlled by an inner elite that represents all the world’s major central banking institutions. John Maynard Keynes, perhaps the most influential economist of all time, wanted it closed down as it was used to launder money for the Nazis in World War II.
It appears we are now seeing the slow realization of a global economic system with a single currency.
The end game of such regionalizing harmonization is of course a global government.
It has long been recognized that an instant world government would be roundly rejected by the masses and that a stepping stone agenda, a stealth implementation of a new global order is the key to its success.
Writing in the April 1974 issue of Foreign Affairs, the flagship publication of the Council on Foreign Relations (CFR), Richard N. Gardner , who has held a number of State Department posts, argued against what he called “instant world government.” Instead, he wrote, “the ‘house of world order’ will have to be built from the bottom up rather than from the top down. It will look like a great ‘booming, buzzing confusion,’ to use William James’ famous description of reality, but an end run around national sovereignty, eroding it piece by piece, will accomplish much more than the old-fashioned frontal assault.”
In a similar sentiment, former National Security Adviser and co-founder of the Trilateral Commission, Zbigniew Brzezinski pointed to “regionalization” as the key for “globalization” in his address to Gorbechev’s State of the World Forum in October 1995: “The precondition for eventual globalization — genuine globalization — is progressive regionalization, because thereby we move toward larger, more stable, more cooperative units.”
Last May the first steps towards the biggest “cooperative unit” there has ever been were cemented with the groundwork being set for a EU-US single market. However, as the CFR would say, amidst the “booming, buzzing confusion” few have noticed.
Jerome Corsi concluded by re-iterating that the economic crisis has been manufactured in order to provide the pre-scripted neo-mercantilist solution:
“We’d never get rid of the sovereignty of the United States or the dollar unless there was a crisis. The Council on Foreign Relations, two issues ago Ben Steel one of their top economists wrote an article openly declaring that national monetary systems were dead and that we need to go to regional moneys and that we need to go to global moneys. We are going to be told very quickly that the only way the federal government can protect us is if we allow the federal government to become a North American government.”
What is the ‘North American Union’?
noworldsystem.com 
