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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: 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