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Posts Tagged ‘The Bank for International Settlements’

“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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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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BondsUS

Italy seized $135 BILLION dollars in US Federal Reserve Bonds last week.

Milan (AsiaNews) –  Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each. http://www.asianews.it/index.php?l=en&art=15456&size=A

“The bonds were described as being 249 US Federal Reserve bonds each worth $500 million, plus ten Kennedy bonds with face values of $1 billion, in addition to various other types.” http://www.timesonline.co.uk/tol/news/world/europe/article6507161.ece Italian authorities have not yet determined whether they are real or fake. 

If the bonds are not counterfeit, then how does a country misplace billions in bonds?  What country did they originate from?  I get pissed when I misplace a $20 from my wallet.  Hell, I still have my $50 dollar savings bonds from my first communion locked in the safety deposit box at the bank. 

If the bonds are real, is a country trying to unload them for some other currency;  like perhaps the Acmetal, Amero for the World Bank to prop up to replace the US dollar as the world’s leading currency?

The creation of a supranational reserve currency to be issued by international institutions like The World Bank and in part to reform the global financial system was on the agenda at the last G20 summit.  The IMF- The International Monetary Fund is looking into the possible creation of a new reserve currency, widening the list of reserve currencies or using its already existing Special Drawing Rights, or SDRs, as a super reserve currency that would be accepted by the entire world. 

Representing China, “”The crisis called again for creative reform of the existing international monetary system toward an international reserve currency,” Zhou wrote http://moneynews.newsmax.com/streettalk/currency/2009/03/24/195290.html?s=al&promo_code=7CC5-1 .  Russia too has expressed that there should be a new international reserve currency that moves away for relying on the dollar.  The United Nations at one point reiterated moving away from the dollar too, and adopting a shared basket of currencies instead.

The fear of counterfeit bonds and securities has been lurking for years making real U.S. issued securities suspicious.  Oddly enough on March 30…”the US Treasury Department announced that it had about US$ 134.5 billion left in its financial-rescue fund, the Troubled Asset Relief Program (TARP), whose purpose is to purchase assets and equity to buttress companies in trouble. The existence of such means that the Obama administration may not have to go to Congress for additional funds, something which is especially important since many lawmakers have vowed to oppose any requests for more money. reported at http://www.asianews.it/index.php?l=en&art=15505&geo=&theme=&size=A

 Japan’s Kyodo news agency has reported that the resignation of Japan’s Interior Minister Kunio Hatoyama might also be related to the Ponte Chiasso affair.  $135 Billion to Spend, $134 Billion in Bonds found?  What a coincidence!

Asia News also points out,” During the Second World War several countries at war printed and put in circulation perfectly counterfeit enemy money. It is also historically established that some central banks, like the Bank of Italy 65 years ago, issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared.”  Makes me wonder if America’s printing presses are guilty of doing the same.   

This U.S. Bond heist just brings more attention to elite economic powers and the control of currency- The Trilateral Commission, 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.  

It might have been  in the name of solving a financial crisis when GWB admitted was a step away from capitalism, but it was a move toward the New World Order and perhaps an end to US sovereignty.             

InfoWars back in 2007 said, “In their important history of the EU, The Great Deception, British authors Christopher Booker and Richard North, concluded that the 27 member nations now entangled in the union have ceded their sovereignty in a carefully planned stealth operation. They grudgingly credit European globalists with accomplishing “a slow-motion coup d’etat: the most spectacular coup d’etat in history.” http://infowars.net/articles/may2007/040507EUUS.htm

“…our federal government and the American people have been sucked into the one-world take over plot of the Illuminati great conspiracy and always bear in mind, that the United Nations was created to become the housing for that one-world, so-called, liberal conspiracy says http://educate-yourself.org/nwo/illuminatiagendabestoverviewyet8jun02.shtml

” Fox News is the only “mainstream” US news outlet to be interested in the story of the $134.5 billion in (probably fake) bonds that were seized in Italy. Host Glenn Beck had us on to talk about the story, and they even got the first quote from the Treasury.”   Video here http://www.businessinsider.com/joe-on-fox-2009-6.

One thing that is apparent, billions of my tax dollars in the form of bonds- found their way to two Japanese guys on a train. 

I smell something funny, and it isn’t the smell of money.

 photo props to The Italian site  http://www.adnkronos.com/IGN/News/Cronaca/?id=3.0.3396869573

related: 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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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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