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Posts Tagged ‘New World Currency’

“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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 buick

dodgenitro

The Obama administration is steering the wheels of not only General Motors and Chrysler into bankruptcy, but the FDIC- Federal Insurance Corporation in the new world order.

General Motors Corp. president and Chief Executive Officer Fritz Henderson has scheduled a news conference in New York on Monday, when the Detroit automaker is expected to file Chapter 11 bankruptcy.  Having propped up the failing automaker with billions of our tax dollars already, the government will take somewhere around a 70% ownership role. 

Perhaps the automakers should have been allowed to sink or swim in a free market economy months ago, none-the-less they are sinking now and fast.  So much innovation has come from the auto industry from safety, better fuel management, satellite tracking, etc. GM filed more than 300 patents last year alone and there in lies the money honey. 

Patents are the single most important asset class upon which economic recovery and sustainable prosperity now depend, especially in light of  the collapse of traditional asset-based markets says The Automaker Patent Assets Intelligence Report APA-Intel Report 2009, Comparative Quantitative Analysis Automaker Innovation and US Patent Portfolio Quality is here: http://www.ipfrontline.com/downloads/apa-intel-09.pdf

“Beyond the auto industry, the veracity of statistical patent asset measurement applies equally to every other industry core to our economy: computers, semiconductors, biotech, pharmaceuticals, software, medical devices, and oil and gas, to name a few. ”  writes http://www.cafezine.com/depts/article.asp?id=22652&deptid=8 

Andy Gibbs, Chairman and Chief Executive Officer of PatentCafe, said: “The APA-Intel Report on patents is the first of its kind that provides an in-depth comparison of the quality of patent portfolios owned by Chrysler, Ford, and General Motors, against their largest Japanese and European counterparts. High quality patents provide huge revenue opportunities, and low quality patents increase operational risk.”  The report notes that Green Tech” replacing “EnviroTech” as a more contemporary term has the most to gain, backing Obama’s policy that a greener world will cure all that ails us.  Except maybe Swine Flu.

Reinforcing Obama’s environmental policy and getting her to shut up about CIA memos, Nancy Pelosi was in China spewing that we must all take inventory and that a clean environment should be a basic right.  This, as markets are in the shitter, North Korea is launching missiles and testing nukes, and we are at war in Iran and Afghanistan. “The impact of climate change is a tremendous risk to the security and well-being of our countries.” http://www.huffingtonpost.com/2009/05/28/pelosis-new-tactic-tellin_n_208488.html.  If I vomit on the grass instead of the toilet- does that count as recycling?

The Republican National Committee slammed  Barack and Michelle Obama’s date night  an “RNC Research Piece”: “As President Obama prepares to wing into Manhattan’s theater district on Air Force One to take in a Broadway show, GM is preparing to file bankruptcy and families across America continue to struggle to pay their bills. … Have a great Saturday evening – even if you’re not jetting off somewhere at taxpayer expense. … PUTTING ON A SHOW: Obama’s Wing Into The City For An Evening Out While Another Iconic American Company Prepares For Bankruptcy. http://www.politico.com/news/stories/0509/23122.html

Making a habit of dining out, Obama ate at Five Guys on Friday and while waiting for his order, President Obama appears to have learned of the existence of a Defense Department intelligence arm, the National Geo spacial Intelligence Agency- NGA-an agency employee also at the burger restaurant.  Too bad it wasn’t some one from the FDIC who could have told him that that the fund is is at an all time low of just $13 billion as of march 31st  or 0.27% of $4.8 trillion in insured deposits! </span

While depositors have been seeking a safe haven from the stock market, and banks continue to falter, insured deposits have hit all time highs.  The FDIC is all but insolvent. " http://zerohedge.blogspot.com/2009/03/bailoutspotting-or-search-for-great.html writes “At its heart, the FDIC is an insurer of deposits. It does this not so much with actual cash which would pay off depositors if there were a global run on the bank (which is negligible when compared to the total size of roughly $5 trillion in deposits), but by being a symbol of the U.S. guarantee to protect its depositors.” </span

The inclusion of "In God We Trust" on all currency was required by law in 1955.  The Federal Reserve guarantees those dollars for now, but for how long?  Even the big 3 have warranty programs, but again for how long?  The car I drive has a rosary on it to protect our family while we drive and that invisible trust in my gas guzzling SUV and God remains, but faith in Obama to restore the automotive and the banking industry?  

Novus Ordo Seclorum is shown on a ribbon below the pyramid and translated as "a new order of the ages."  President Obama has been very open about his global agenda and as the world debates rescinding the dollar as the global currency, he is steering us away from national sovereignty and capitalism.

Photo taken on May 29, 2009 shows a 1908 Buick Model 10 in the GM Heritage Center in Sterling Heights, Michigan, the United States Xinhua/Gu Xinrong

A Dodge Nitro vehicle is seen in front of the General Motors Corp world headquarters in downtown in Detroit, May 28, 2009. (Xinhua/Reuters Photo)  {A Dodge in front of GM – there’s your new world order alright!}

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newworld

Here comes more coordination of New World Order.  This time the discussion of globalization is being held on U.S. Soil in Washington, D.C. today- April 25.  Hosted by our tax evading Treasury Secretary Timothy Geithner, the Group of Seven (G7) finance ministers will meet and following that, a gathering up with the Group of 20 (G-20). 

Reuters, “The G7 comprises the United States, Britain, Canada, France, Germany, Italy and Japan has been the long-standing forum within which the larger economies discuss their economic concerns and try to coordinate policy.”  Seems China and its burgeoning economy might want a seat at the big kids table, no?

The last time the G20 met they agreed on a $1.1 trillion deal.  How much of that is forecast to come from the U.S. taxpayer?  Can you hear those printing presses running now?

At The G20 in the UK, Obama said, ” The only way out of a recession that is global in scope is with a response that is global in coordination,” he said pointing toward “our pursuit of a global economic recovery.”  Global Coordination? Global Economic Recovery?

Putting aside the bad manners of touching queens and bowing to Kings, I find it more than rude to ask America yet again to stand up for Global Coordination when Geithner tap dances around the idea of a new currency for the IMF.  With little intestinal fortitude, Geithner first thought it would be a great idea to change world’s reliance on the dollar and then rescinded his comments after the world markets tanked. 

Throw in the idea of negative interest rates and even a flea on a camel’s ass knows it ain’t going to get paid for sucking off of a hind tit. 

The US in is a recession/depression, the banking system in dire need of attention, and consumers aren’t spending.   “In economic data, core durable goods orders for March are expected to return to negative territory and fall 1.3%, against a 3.7% increase the month before. Prior to February, orders had posted negative results for six months straight.”  http://www.economicnews.ca/cepnews/wire/article/293000 

Just when consumers may be relying on credit cards to purchase basic essentials like food, Obama is saying we need more government, you know, “We need more accountability in the system. That means more effective oversight and more effective enforcement so that people who are issuing credit cards and are violating the law will feel the full weight of the law,” he said.  http://www.reuters.com/article/newsOne/idUSTRE53M10720090423

Now that the American people own the banks, resulting in government nationalization, it wants more rules?  Ain’t that a convenient kick in the pants?  There are rules but no one played by the rules. Whether or not you believe in the abolishment of the Fed, our elected leaders have failed to enforce both US and international regulations for years.  Where are the rules of the Basel Accord or Basel II?

“All the experience we have of past banking crises — and we have a lot of experience with those banking crises in this institution — is that you never recover before you complete the cleaning up of the balance sheet of the financial sector,”  said IMF Managing Director Dominique Strauss-Kahn and that the credit “problem must be solved before global growth can resume.”  http://www.reuters.com/article/newsOne/idUSTRE53M52K20090424 Well I am just ecstatic to know the IMF has such a high degree of experience with bank failures, too bad the experience wasn’t in preventing bank failures in the first place.

Geithner is expected to reveal the methodology for the stress tests of 19 banks in the U.S., while Credit Suisse Group, the biggest Swiss bank, posted a US$1.7 billion first-quarter profit. http://www.scoop.co.nz/stories/BU0904/S00459.htm Most likely due to it’s strict privacy laws and tax evasion potential. 

The 300 or so members of Trilateral Commission, the Rockefeller’s, Council on Foreign Relations, Skull and Bones, The Bilderberg Club, The Illuminati, Rand Corp., Ford Foundation,The Bank for International Settlements, BIS, etc.,  must all be overwhelmingly enthusiastic at the oligarchical partnerships that are molding a world government and instilling a controlled chaos.  Check out where some of the pieces of the puzzle come together.  http://www.globalresearch.ca/index.php?context=va&aid=13311

Eenie Meanie miney moe catch a tiger by the toe, If it hollers let it go-

Eenie meanie miney mo, if I were a bad guy where would my money go?  Into T-bills no, but to the Swiss of course! 

If he hollers- too bad, count on the radical change and the New World Order as promised by Obama. 

You might enjoy this related post at https://ahrcanum.wordpress.com/2009/03/27/obamas-illuminati-ponzi-of-the-dollar/

photo props to http://www.reason.com/blog/show/132163.html

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