close

Welcome to JBS.org

Login or create your account below.

Member Login
Global Super Currency PDF Print E-mail
Written by Ann Shibler   
Wednesday, 18 March 2009 12:52

NzarbayevBoth the International Monetary Fund (IMF), and Putin’s Kremlin are pushing for a new international currency.

The Kremlin is calling for a new “supranational reserved currency to be issued by international institutions as part of a reform of the global financial system.” The IMF stands at the ready to print a global super currency for what it terms “global quantitative easing.” Interesting how their pitches dovetail so nicely together.

Can you say "New World Order?"

The Kremlin wants the topic under discussion at the upcoming April 2 G20 meeting. Russia wants the entire financial system restructured to prevent future crises. In order to do this they wish to hold an international conference after the G20 meeting — thereby setting the parameters for a new  world financial system.

Kazakh President Nursultan Nazarbayev has already proposed a global currency called the "acmetal" — a ccombination of the words "acme" and "capital." Another financial plan of his would see the Eurasian Economic Community, a loose group of five Soviet republics including Kazakhstan and Russia, adopting a single noncash currency — the yevraz — to insulate itself from the global economic crisis. The noncash currency is touted as being safe in electronic transfers between “government agencies, legal persons and natural persons.”

Nazarbayev's idea was unsurprisingly seen by Columbia University’s Robert Mundell, the creator of the euro, as being filled with “great promise.” 

Suggested by billionaire George Soros and backed by U.S. Treasury adviser Ted Truman and Britain’s Chancellor of the Exchequer Alistair Darling, is the scheme to have the IMF issue hundreds of billions of dollars worth of so-called Special Drawing Rights. "The principle behind it is that everyone would get bonus dollars and instead of the Federal Reserve having to print them, everyone gets them,” said Simon Johnson, an ex-chief IMF economist.

Johnson acknowledges the scheme could go horribly wrong and instead create massive inflation. "The objective is to create a windfall of cash. However if everybody goes out and spends the money it could be very inflationary."

Now the UN is weighing in as well on this issue. A UN panel next week will be recommending that the dollar be ditched as the world's reserve currency. Currency specialist Avinash Persaud, a former JP Morgan currency chief says, "It is a good moment to move to a shared reserve currency." This will likely put further pressure on world leaders to agree to create a new world currency.

Any ideas as to whose likeness they might put on the face of the new currency? How about Putin and Soros — that might fulfill a dream of theirs. 

Personally, I’d put the Four Horsemen of the Apocalypse.

Trackback(0)
Comments (1)add comment

Thomas Paine said:

0
Revelations here we come
Well written Ann. The Achilles heal the NWO has is the 911 Fraud. They did not think the truth would catch on like it has thanks to the internet. If this can be brought to trial as many are now proposing (See 911 Truth, or Architect and Engineers for truth), the NWOs sinister organization would come tumbling down. The US would get its Virtue back. God won't let us down.
 
March 28, 2009
Votes: +1

Write comment
This content has been locked. You can no longer post any comment.

busy
Last Updated on Friday, 27 March 2009 08:37