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Posts Tagged ‘BRIC’

“The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world’s monetary system since the Second World War.”

http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html

Told you so.

Dollar_Obama_ThankYouSucker

https://ahrcanum.wordpress.com/2009/03/27/obamas-illuminati-ponzi-of-the-dollar/

https://ahrcanum.wordpress.com/2009/06/26/bank-holiday-coming-in-god-we-trust-or-obama/

https://ahrcanum.wordpress.com/2009/06/18/obama-dismantling-the-dollar-in-the-new-world-order/

https://ahrcanum.wordpress.com/2009/06/17/bond-seizure-the-nwo-illuminati-push-for-new-currency/

https://ahrcanum.wordpress.com/2009/04/04/new-world-order-obamas-tomorrow-land-is-today/

https://ahrcanum.wordpress.com/2009/04/24/g7-meet-to-plan-new-world-order-economics/

https://ahrcanum.wordpress.com/2009/03/25/obamas-new-order-the-amero/

https://ahrcanum.wordpress.com/2009/03/24/new-world-currency-new-world-order/

https://ahrcanum.wordpress.com/2009/02/07/stimulus-bill-for-the-amero/

“Welcome to the United Nations.  It’s your world.” is the trademark for the UN website http://www.un.org/en/ adding, “We the peoples…A stronger UN for a better world.”

The wing (nuts) of the UN- The United Nations Conference for Trade and Development, UNCTAD  have released a report calling for the elimination of the dollar. The full text of the  Trade and Development Report 2009 http://www.unctad.org/Templates/webflyer.asp?docid=11867&intItemID=1397&lang=1&mode=downloads.

The Telegraph summed it up:

In essence, the report calls for a new Bretton Woods-style system of managed international exchange rates, meaning central banks would be forced to intervene and either support or push down their currencies depending on how the rest of the world economy is behaving.

“Replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries running large deficits and would help stability,” said Detlef Kotte, one of the report’s authors. “But you will also need a system of managed exchange rates. Countries should keep real exchange rates [adjusted for inflation] stable. Central banks would have to intervene and if not they would have to be told to do so by a multilateral institution such as the International Monetary Fund.”

p. 12 [The SCHEME] Whatever form an enhanced scheme of SDR allocation may take, it will only be acceptable to all countries if the terms on which SDRs can be used as international liquidity are absolutely clear-cut, particularly the  parity of the SDR vis-à-vis all national currencies. The Bretton Woods system and the European Monetary System provide precedents for what could be an appropriate solution for determining exchange rates within a multilateral framework. In these systems the implicit rule was that the exchange rate of a national currency with the international currency was determined by the purchasing power of that currency expressed in all other currencies.

Straightforward and simple- To define the scheme, the dollar is going to be worthless or worth less upon the acceptance of a new global currency. The financial system that thrives on currency trading would do so no more.  So much for economics of growth in America!  NAFTA and GATT were the first steps to the “giant sucking sounds” quoting, Ross Perot who stood firmly that NAFTA would cause U.S. jobs to go south, and manufacturing east to china.  

China’s reserves are now more than – $2 trillion, the world’s largest.  Cheng Siwei now head of China’s green energy drive said referencing the US, “If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies,” he said. http://www.telegraph.co.uk/finance/economics/6146957/China-alarmed-by-US-money-printing.html  As proof of TARP’s failure- The more “money” the Federal Reserve creates – the less your “money” buys.

China, Germany, the U.N. and others previously called for a new “international reserve currency”, lessening a dependence of the dollar and U.S. economy.  Timothy Geithner’s response? He is ”quite open” to the suggestion to remove the greenback.  A$$hole- can’t even file his own taxes correctly.

Sir James Goldsmith warned of the trappings of Globalization in his book the Trap.
http://www.amazon.com/Trap-James-Goldsmith/dp/078670263X/ref=sr_1_3?ie=UTF8&s=books&qid=1246039027&sr=1-3.  He also testified to the dangers of globalization to Congress in 2007 with the transcript here http://www.alanwattsentientsentinel.eu/english/transcripts/Alan_Watt_Blurb_Sir_James_Goldsmith_US_Senate_Speech_Oct192007.html saying , “Senator, there’s absolutely no doubt whatsoever that the World Trade Organization is a major diminution of sovereignty.”…”  Its only purpose is to impose discipline on all the nations to accept a trading system, and that that discipline should be under the control of all the nations that participate on a ‘one vote, one nation’ basis.”

The Security and Prosperity Partnership of North America (SPP) exists in part, as a perfect way to introduce a regional currency called the Amero and regional cooperation between the U.S. Canada and Mexico. www.spp.gov This is just another step at eliminating sovereignty making the transition to a world currency more easily acceptable.  The EU has the euro, is the Amero really not plausible? 

1. Global Currency 2. Global Government 3.  Unbridled control over the World.

In asking how much money the U.S. gives to the UN? “For a brief overview, due to underfunding of U. treaty-obligated payments to the UN, the U. 5 billion in permanent debt to the UN. As of March 2008, the U. 4 billion in obligations to the UN, so progress has been made over the last year. Majority of the current U. 3 billion) is for peacekeeping missions. is assessed 22% of the UN regular budget and 26% for UN peacekeeping appropriations. http://www.xmediapartners.com/How_much_money_does_america_give_to_the_united_nations-qna3436.html

If the UN doesn’t like our American currency, they can stop taking our money anytime. 

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Just when I think American economists and politicians have the slightest clue about the most basic facts of world affairs, international trade, or the nature of money, I am reminded yet again of the hypocrisy of this financial and social abyss toward which America is heading in the pecking order of the New World Order.

The U.S. government owns the banks and the car industry.  It sets the rules, makes them up as it goes along and has control over the money supply.  It apparently has no oversight as the Fed in May tap danced around the missing  NINE TRILLION DOLLARS that we could sure use about now. 

Say nothing of main stream media whose focus on the deaths of Michael Jackson is a slap in the face. Icon, perhaps but a role model-hardly. What about all the dead soldiers from U.S. Wars and the one’s breathing  in over 130 foreign countries?  No views of them in the nightly news.

No worries though, Congressman Barney Frank (D-MA), Chairman of the Financial Services Committee, introduced legislation decriminalizing marijuana at the federal level again. If passed, the legislation would eliminate criminal penalties for possessing 100 grams or less of marijuana for personal use.  Not to be outdone, San Francisco Assemblyman Tom Ammiano announced the introduction of a bill to tax and regulate marijuana like alcohol in the state of California.  Yippee,  another government owned industry!  Obama just signed a huge tax increase on tobacco, I can only image the tax on a joint.

“The Ammiano legislation would create a regulatory structure for that market similar to that for beer, wine and liquor: it would regulate taxed sales to adults while barring sales to or possession by those under 21. Estimated annual revenue from fees and sales and excise taxes under the proposed regulations runs into the billions of dollars.http://www.drugpolicy.org/news/pressroom/pressrelease/pr022309b.cfm

Maybe the U.S. Government can subsidizes pot growers like it does cotton, corn, soybean and other farming industries with my tax dollars.  Maybe we can trade it on the commodities exchange and all the traders can get a little profit too.  I wonder what currency it will trade-  USD, Amero, Acmetal, Euro…? 

The rest of the world is focusing on a new reserve currency in the New World Order and we focus on legalizing pot and subsidizing farmers in Afghanistan. As of the 111th Congress, Frank is also advocating a 25 percent reduction in the overall Military budget of the United States.

The Huffington Post http://www.huffingtonpost.com/2009/06/27/us-announces-shift-in-afg_n_221826.html says that “The United States has announced a new drug policy for opium-rich Afghanistan, saying it was phasing out funding for eradication programs while significantly increasing its funding for alternate crop and drug interdiction efforts. The War on drugs in the U.S has thousands in prison for drugs with our failing policies here, and we are expected to believe that sending millions there will be a deterrent?  I still have that little island in the desert for sale if anyone is interested.

Last week when leaders of the so-called BRIC nations (Brazil, Russia, India and China) held their first summit.  The BRIC countries comprise 15 per cent of the world economy, 40 per cent of global currency reserves and half the world’s population.  The governments of BRIC and must be laughing like they were smoking marijuana and injecting heroin at America.  Our elected officials focus on legalizing pot rather than be bothered with the cumbersome announcement from Russian President Dmitri Medvedev that the U.S dollar is on notice.

“The artificially maintained unipolar system”, he lectured, is based on “one big centre of consumption, financed by a growing deficit and … one formerly strong reserve currency.” At the root of the global financial crisis, he concluded, is that the US makes too little and spends too much.   “The summit must create the conditions for a fairer world order.” …The BRICs have put the US dollar on notice, and are already finding alternatives as a means of clearing accounts. Medvedev called for the IMF to include the Russian ruble and the Chinese yuan in the basket of currencies used to value its financial products. But that is just for starters. Chinese Central Bank governor Zhou Xiaochuan says the goal is now to create a reserve currency “that is disconnected from individual nations.”sourced at  http://dprogram.net/2009/06/24/a-new-world-is-being-born-one-without-the-us-dollar-greasing-the-wheels-of-commerce/

China, known for it’s Human Rights violations says, “It is a common wish of people of all countries to solve the drug problem as soon as possible and to build this planet into a healthy, civilized, happy and beautiful world.” http://www.china-embassy.org/eng/zt/mzpkz/t36387.htm   “Those convicted of drug-related crimes in China face harsh penalties, in some cases capital punishment. Drug abusers and addicts must undergo rehabilitation at police-run facilities or labor camps. Reformers are attempting to introduce community-based treatment approaches to a system dominated by zero tolerance.”http://www.erowid.org/psychoactives/law/countries/law_china.shtml 

Apparently, the perceptions of a dead American dollar and a dead American soldier can be overcome by getting stoned on government subsidized Marijuana and Opium in The Obama Administration. 

Changes I don’t want to believe in….

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Whew, finally summer has arrived and we survived the horrendous winter weather.  Folks in NJ got a big surprise last week with a huge hailstorm wrecking  havoc http://www.northjersey.com/multimedia/video/48114892.html -again illustrating the disproportion between science and reality. BTW- The House passed the American Clean Energy and Security Act, by a vote of 219-212.

The kids are off school and we are sleeping in a bit and planning for a few summer holidays.  We are  not leaving U.S. Soil- the greatest place on earth, even with all its faults.  Hawaii is out with North Korea threatening a missile attack near Independence Day.  California?  Nah, besides sitting on a major earthquake fault line, is too liberal for me.  MTV has been broadcasting all about Cancun, but we’ve been there and done that and I see no reason to support a government that can not manage to report influenza cases in a timely manner. ” Bahamas, Bermuda, Come on Pretty Mama”…The Beach Boys.  Suggestions welcomed on where to go.

Our holiday is still up for discussion as the economy just sucks and I have been tortured into hearing more about alleged pedophile Michael Jackson than necessary. 

Flipping to the net, I see Ben Bernanke the Fed Chair is feeling a bit challenged over Ron Paul’s Transparency Act that would allow an audit of the Fed.  Oh boo hoo, where did our nine trillion dollars go, why doesn’t anyone know and most importantly, what is there to hide?

Wherever and whenever we go, if we go at all-  like many Americans we go to the bank and take out what I call ‘play money’.  You know, money to play with- to buy the things we don’t really need but really want- like a Summer Vacation- preferably at the unpolluted, jelly fish free beaches.  

What if the banks go on holiday?  I am cognizant of the FDR bank holiday. 1000’s of banks never reopened in a face saving measure.  How many of our banks have no value, burdened by debt and bad mortgages?  How many banks are now owned by the U.S. Government?  How would I get to my safe deposit box if the bank was out of business?  Would it’s meager contents have any value anyways?

The hissy fit regulators are having near seizures over opening their books to public scrutiny, and once again I have to adjust antennae to tune in to exactly what the hell is going on and if bank closures could happen.

A bank holiday would certainly push the dollar’s value lower adding more rational to BRICs plan of adopting other IMF baskets of currencies.  Gold, already at a high premium would most likely increase, especially with the U.S. Mint announcing that there is a shortage of gold to produce certain coins.  The mint will continue to issue Presidential Coins and, “In God We Trust” will appear on the face of the coin starting in 2009. http://www.usmint.gov/mint%5Fprograms/%241coin/ Surely all that glitters is not gold.  I Trust in God, but the Fed, Obama, The World Bank or International Monetary Fund?

A Bank Holiday might just suit the needs of the U.S. economy according to some.  The rumor mill is that U.S Embassies are buying local currency. The Harry Schultz Letter (HSL) seems to reiterate that a Bank Holiday could occur http://www.marketwatch.com/story/schultz-paints-bleak-picture-of-future?siteid=rss&rss=1   With a grain of salt I quote its current issue, HSL reports rumors that “Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling. Inside the State Dept., there is a sense of sadness and foreboding that ‘something’ is about to happen … within 180 days, but could be 120-150 days.”

One commentator at  put it like this:  If true, the reason is this. Our Embassies all over the world employ millions of local nationals. Day to day operating costs are staggering, from food purchasing to fuel purchasing to utilities to meeting the local payroll. Local currency pays for all those expenses. When the USD crashes, local currencies may not be able to be purchased with USD’s. Even in a slow-mo devaluation, trying to buy enough local currency for day to day operation will be very very expensive. Should the USD become severely devalued or worthless, our Embassies will not be able to operate….http://goldismoney.info/forums/showthread.php?t=379225 Believe you me we have ambassadors everywhere http://www.usembassy.gov/.

President Obama is attempting to federalize the police and Department of Defense across the US with his civilian workforce.  If the shit hits the fan, banks go on holiday by September,civil unrest and Martial Law occurs between the money and the flu, the government will be all ready to take care of us. cough, cough.

I better get a move on somewhere and spend it while my money is still good. Yet, ” Consumer spending rose in May as benefits from the Obama administration’s stimulus plan spurred a jump in American incomes, a sign that efforts to revive the economy are starting to pay off….Stocks and the dollar dropped after China’s central bank again called for a new global currency.  http://www.bloomberg.com/apps/news?pid=20601087&sid=a6xBheN2SW.o  Leave it to Bloomberg to give the credit to Obama and not the hard working folks of America who just want a little vacation.

You may enjoy this related post: https://ahrcanum.wordpress.com/2009/06/26/audit-the-federal-reserve-trillions-missing-america-bankrupt/

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money toilet paper

Crude Oil prices are up and the value of the U.S. dollar is down while our duly elected President Barack Hussein Obama is meddling yet again with free markets, furtherer eroding world confidence in the dollar and bringing our entire economic and political system another step toward socialism.  He is putting other nations in the position to ignore the U.S. dollar as the leader in world currency as, ” China and Russia have agreed to use each other’s currencies and eliminate the use of dollars in their trade,” according to  WWW.EVERBANK.COM blog, A Pfenning for Your Thoughts.

President Obama yesterday said…” we will dismantle the Office of Thrift Supervision and close loopholes that have allowed important institutions to cherry-pick among banking rules. We will offer only one federal banking charter, regulated by a strengthened federal supervisor. We’ll raise capital requirements for all depository institutions….” http://scoop.co.nz/stories/HL0906/S00188.htm

Noam Chomsky, http://en.wikipedia.org/wiki/Noam_Chomsky is critical of the American capitalist system and big business, he describes himself as a libertarian socialist who sympathizes with anarcho-syndicalism -a potential force for revolutionary social change.  Like, The Change You Can believe in?

Chomsky said, “I think it only makes sense to seek out and identify structures of authority, hierarchy, and domination in every aspect of life, and to challenge them; unless a justification for them can be given, they are illegitimate, and should be dismantled, to increase the scope of human freedom.” 

The pattern for the Obama manipulation banking game is disheartening to say the least.  The Federal Deposit Insurance Corporation- FDIC, Office of the Comptroller of the Currency- OCC, and OTS are all a part of the supervisory and regulatory framework of the banking industry.  Closing the Office of Thrift Supervision is more than likely going to result in the closing of more Savings and Loan Institutions through default, bankruptcy or government bailout.  There are existing laws an the books that had they been enforced, would not have allowed the “cherry picking” among banking rules and may have reduced this financial fiasco America and the world has gotten itself into. 
 
Offering further proof of another American Fiasco comes from NEW YORK (Dow Jones) via http://online.wsj.com/article/BT-CO-20090616-714654.html–The dollar declined Tuesday as major emerging market nations urged more diversity in the global currency system, another sign that big investors are growing restless with the greenback’s dominance. Brazil, Russia, India and China, collectively known as the BRIC nations, said after a meeting Tuesday that “it is very necessary to have a stable, predictable and more diversified currency system.”

Two years ago Jerome Corsi reported that the director of international economics at the Council on Foreign Relations has launched a scathing attack on sovereignty and national currencies.  Benn Steil, writing in the current (now past)  issue of CFR’s influential Foreign Affairs magazine, says “the world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn.” http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=55595  Looks like BRIC agrees.

All conspiracy aside, has the time come when are we saying goodbye to the dollar; hello to the New World Order, a One-World-Government, and loss of American dominance?

photo props to http://payday-z.com/dollar-drop-suits-stocks-well.html

Related posts

https://ahrcanum.wordpress.com/2009/06/17/bond-seizure-the-nwo-illuminati-push-for-new-currency/

https://ahrcanum.wordpress.com/2009/03/27/obamas-illuminati-ponzi-of-the-dollar/https://ahrcanum.wordpress.com/2009/04/04/new-world-order-obamas-tomorrow-land-is-today/

https://ahrcanum.wordpress.com/2009/04/24/g7-meet-to-plan-new-world-order-economics/

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