Nobel-prize winner backs world currency

reply to post by cognoscente


Could you dumb that down for folks like me that don't understand all the fancy catchphrases like "business model" and such?

Near as I could tell, you told me I only THOUGHT I worked for my stuff (all of which, after 47 years of "thinking", will fit comfortably inside a VW microbus), and I owe part of it to some third worlders, somewhere. I'm sorry, I didn't see them beside me in those fields when I was a kid getting started in all that thinking.

Also, If you could tell me where my "wealth" is hiding, I'd be obliged, since I put an end to that fabulous career of mine last tuesday. It will probably come in handy until I can get another fabulous career.

nenothtu out

What would happen in this case? I often think about this because I see it being inevetable. Would the economy reset itself, then each person on earth gets X amount of dollars? And also they keep any material/property they own?

This scares me because I keep thinking one day our money will just become obsolete and a new awakening economy will appear. And from now until this day, life as we know it will be a race to acquire the most alternative wealth possible.

Am I delusional?

Im open to the idea of a one world currency as long as they call it Woolong

reply to post by nenothtu


Like Ford, GM, Chrysler. Instead of the top guns going bankrupt, the companies are being bought by YOU, the tax payer, so that they can continue to run. That means there is lot of potential wealth for foreign countries, and by extension, for their citizens, that is being missed out on. They are being starved by our incompetence. Now, you could call me unpatriotic, but I'd rather be unpatriotic than arrogant and corrupt. I feel we should be rewarded by what we truly deserve.

A global currency would work best if its production is controlled by a large host of different countries, and not just a single corporation, such as the U.S. Federal Reserve. Technically, that is what's happening right now. Every country holds U.S. dollars primarily as their foreign exchange currency. Only the U.S. can print them. Everyone needs U.S. dollars to operate. So everyone buys U.S. dollars to buy their oil and resources and churn out commercial products to be sold back in U.S. markets. This only happens because everyone believes in the U.S. economy, because it has consistently been the best economy in the world, and because its workers always turn out the best quality work. That is not so certain at the moment. Whenever a country buys U.S. dollars, its own currency depreciates in respect to U.S. dollars, and the U.S. appreciates in respect to that country's currency. This whole system is only sustainable if the U.S. promises to consistently do well, to always be ahead of the game. Everyone has a vested interest in the economic success of America.

This puts the world in a sort of moral hazard. If the U.S. fails, everyone will spend as much as they can to get it up and starting again, unless they want all the U.S. dollars they purchased to be worth absolutely nothing. But what does this lending actually accomplish if the U.S. can just take all the free money and pump it back into failed businesses with crappy business models and crappy products? If the U.S. decides not to do anything about it, the world has no say in the matter. They have to keep buying dollars, and pumping in their own money to finance American blunders. So America has a responsibility to deal with this, or else the world financial and economic system goes up in fire. No one is going to pull out until it's too late. Their best strategy in the short run is to keep investing in U.S. treasures, even if it means buying at negative interest rates (would you ever invest in a stock that returns negative dividends?). If China decided to sell all its U.S. dollars right now a good chunk of their entire economy would collapse on itself instantaneously. On the other hand, say they bad a mistake and the U.S economy recovers, not only do they suffer because of this, their competitors, Japan and Russia, for example, gain by however much China lost out on. No one country will ever take that risk, so people will keep investing no matter what, hoping the U.S. tax payer can pull their weight and restore the global economy. Hoping...

The U.S. is privileged in that it has access to lots of natural resources and it has a very large population with a homogeneous market base that has enough money to buy pretty much anything. Basically, America prints money for foreign countries and corporations, who use that money to buy resources from us and make products for Americans to buy. It's just a cycle, and America is the fat cow being fed by the manure it spews out on a daily basis. It's not a sustainable cycle. The rest of the world has to be creative and ingenious in order to meet our insatiable desires for new and better commercial products, and all we have to do is binge off our natural resource and financial wealth by purchasing the products being hand tailored elusively for us. If our stocks start failing, and our dollar plunges, world-wide exports decline, and the economies supplying us with their investment dollars start to fail. If that happens, the U.S. can no longer print money worth anything and we go into a downward deflationary spiral along with the rest of the world. All hell ensues...

If people were rewarded regardless of their nationality, and if wealth followed productivity on an equitable basis, then perhaps the world would be better off today, but that would mean a massive redistribution of current wealth centers around the globe. You couldn't force money to be invested in places just because you wanted to, say just because some business are "American" and somehow you're obligated to support them, no matter how bad they're doing. That kind of attitude would just create a lot of social inequality, especially if there are better companies to be invested in. The best thing the current administration can do is invest in science and education. If we decide to stop competing on the global marketplace we don't have the flexibility of colonizing new lands for resources and wealth. There's none left! Best to follow the rules and play the game.

I'm not religious at all but.. after seeing what's happening in this world you cannot help but wonder. I mean its very eery seeing how so many things in the book of revelation are actually coming into play especially the one world government and the mark of the beast where people will have it on their hands or head. What the **** ? Do these satanist type/reptilian (if real) people in power not read this book or what ? This book has been around for a couple thousand years and they had all this time to think of a different plot to bend us over. Why would they do exactly everything thats been prophisized ? That just does not make sense to me what so ever.. Is this staged, are they mocking us or what ? I know if I were evil I'd be wise enough to not do anything prophisized to keep my victims hopeless. This just doesnt add up for me.

All the things mentioned in Revelations was equally as easy to predict back during the time of Jesus Christ when the Roman Empire was around. It had "world currencies", like-minded armies, pagan "God-Emporers", prostitution, class warfare, and extreme social stratification. All it proves is that people have had the same fears for over two thousand years.

To be honest, I personally interpreted Internet pornography as the "Whore of Babylon". After reading Revelations at age twelve, I was freaked out for months, then I started to seeing Dragons in the clouds and I realized that worrying could only make things worse.

[edit on 13-3-2009 by cognoscente]

Originally posted by thehumbleone
Logician magician, I get your point.

But why is all of this happening just like the book of Revelations says?

Because it's what your God wills. He wants you to be a fearful slave of the elite.

You're right. There will be a time when money will be taken away, a time when we will need some sort of mark - a RFID chip, some tattoo etc - to be able to buy or sell in the world market.

All of it is a mark. Gold is a mark, dollar bills are a mark. Credit cards are a mark. The chips/tattoos will be a mark. Once they are gone, there will be another mark be it work ethic, contributions to society, civil service, etc...

reply to post by cognoscente


I get your point and yeah it makes sense.

They also mention ET's and such but perhaps that isnt a new thing seeing how its been proven that anchient people have known about them or at least wondered about them hense it being displayed in art and some writtings.

Originally posted by cognoscente
All the things mentioned in Revelations was equally as easy to predict back during the time of Jesus Christ when the Roman Empire was around. It had "world currencies", like-minded armies, pagan "God-Emporers", prostitution, class warfare, and extreme social stratification. All it proves is that people have had the same fears for over two thousand years.

To be honest, I personally interpreted Internet pornography as the "Whore of Babylon". After reading Revelations at age twelve, I was freaked out for months, then I started to seeing Dragons in the clouds and I realized that worrying could only make things worse.

[edit on 13-3-2009 by cognoscente]

It was easy to predict. The people who wrote that book, to keep the fear going, had the scenario set IN THE END... AT THE CULMINATION. Nice system to install fear, isn't it? Say the story comes from the divine and you'll be reeling them in.

It's a perfect system for keeping fear in the mind of the ignorant. They have from now to infinity to interpret and spread paranoia because the "end" will never come, it is only persistently coming. Everything they see in their lifetimes can be viewed as their own personal interpretation of whatever they associate with their religious stories.

Absolutes are a disease of the ignorant/religious mind... absolute morals, absolute creators, absolute ends...

reply to post by logician magician


I've heard somewhere that Revelations was deliberately engineered by Emperor Constantine I at the First Council of Nicaea in 325 A.D. to validate the power of the new Roman Catholic Church. I'm not sure if that is accurate, and of course we'll never know, but it does make sense. It might not have even been included in the original writings of the Apostles three hundred years before, whoever they were...

Originally posted by mmiichael


Except maybe countries whose currencies are falling off the charts, like Zimbabwe, no one is hunting for a new currency right now. Certainly not the US or China, the ones who would have the most say in such a decision.

The big concern, maybe not mentioned in Revelations, is that there will be a shift from the US$ to something else as the world reserve currencies. As keepers of it since WWII, the US has been able to maintain it's sanctioned pyramid scheme and keep printing more money among the way.

It's already happening, and much further along than most people know.

Tuesday, March 18, 2008

Numerous Countries Have Recently Dropped The Dollar as Their Reserve Currency

In the past couple of years, the following countries have stopped using the dollar as their reserve currency or have dropped their currency's peg against the dollar:
* China
* Japan
* Kuwait
* Syria
* Iran
* Libya
* Russia
* Malaysia
* Brazil
* Argentina
* Switzerland
* Norway and some other Scandinavian countries
* Some Balkan countries
* Many East European currencies

The following countries are rumored to be considering dropping the dollar as their reserve currency or terminating their currency's peg against the dollar:

* The Arab Gulf States
* Saudi Arabia
* South Korea
* (and see this)
* Sudan

As Assistant Secretary of the Treasury, and the "Father of Reagonomics", recently said: "The dollar’s reserve currency role is drawing to an end".

above info from George Washington's Blog

I recently read some information stating that the price of a barrel of oil was forced down purposefully to try to break the economies of the oil producing nations as retaliation for dropping the US dollar as the reserve currency.

This would be fairly easy to do by raising the price of gas in America to a point where American's would start to cut back their consumption ($4.00/gallon) at which point, once the price/gallon comes back down, people are not necessarily going to go back to their previous level of consumption.

In the meantime, oil producing/exporting countries fell into the same trap many people fall into when times are good, spending up to the limit of their income. But what happens then, when their income goes down?

The current absence of intense competition does not, however, mean that oil prices will cease to have an impact on global politics. Far from it. In fact, low prices are just as likely to roil the international landscape, only in new ways. While competition among consuming states may lessen, negative political conditions within producing nations are sure to be magnified.

Many of these nations, including Angola, Iran, Iraq, Mexico, Nigeria, Russia, Saudi Arabia, and Venezuela, among others, rely on income from oil exports for a large part of their government expenditures, using this money to finance health and education, infrastructure improvements, food and energy subsidies, and social welfare programs.

Russia's state budget, for example, remains balanced only when oil prices stay at or above $70 per barrel. With government income dwindling, the Kremlin has been forced to dig into accumulated reserves in order to meet its obligations and prop up sinking companies as well as the sinking ruble. The nation hailed as an energy giant is running out of money quickly. Unemployment is on the rise, and many firms are reducing work hours to save cash.

Plunging oil prices are also expected to place severe strains on the governments of Iran, Saudi Arabia, and Venezuela, all of which benefited from the record prices of the past few years to finance public works, subsidize basic necessities, and generate employment. Like Russia, these countries adopted expansive budgets on the assumption that a world of $70 or more per barrel gas prices would continue indefinitely. Now, like other affected producers, they must dip into accumulated reserves, borrow at a premium, and cut back on social spending -- all of which risk a rise in political opposition and unrest at home. Quantcast The government of Iran, for example, has announced plans to eliminate subsidies on energy (gasoline now costs 36 cents per gallon) -- a move expected to spark widespread protests in a country where unemployment rates and living costs are rising precipitously. The Saudi government has promised to avoid budget cuts for the time being by drawing on accumulated reserves, but unemployment is growing there as well.

above info from here

How much will all of the above affect the global economy, and make the push toward a world currency that much easier. How much farther behind a world currency is a world government?

TO ALL YOU PEOPLE PUSHING A WORLD CURRENCY/GOVERNMENT

Is a world currency/government a good thing? No, I don't think so.

Why? Under whose authority will this world government be run? We already see our own government and other governments around the world acting in ways that are not in the average person's interest.

A world currency, leading to world government, will only make matters worse.

A perfect example of this is the IMF/World Bank. The IMF and World Bank help third world countries, don't they? Maybe not.........read the following article for some eye-opening information, this is what world government would be like.

article here

Another article about globalization = one world currency, one world government

here

For a huge list of articles showing the damage done by IMF/World Bank, arms of the globalist agenda, (or the world currency/government agenda) go to Scroogle Scraper, and type in

imf steals third world countries assets in return for loans

Read em, and weep........

reply to post by sezsue


The IMF and World Bank are just corporations out to make a profit. Globalization does not necessarily entail an increase in influence of such corporations. We could invent new securitization products, which could be applied in delivering capital to conceivably risky ventures. Third world citizens need capital, not loans, and we need new models to analyze and asset risk in those regions of the world. There is a LOT of opportunity in this world, and there is a lot of untapped ingenuity. All that needs to happen is to open up those potential markets to existing capital, so we can kick start the rest of the world into building their own wealth. Of course if they're reliant on borrowed wealth, they're going to pay the price. All it will take are a couple of adventurous capitalists, new technological advancements, and more reliable economic models to get the rest of the world up to par. Don't assume that we will always apply the same models and principles for the indefinite future, and that for some reason the future will absolutely mirror the past. IMF is just one example. Their mission isn't to build wealth or to extend capital and create new opportunities, they are simply an agent, which acts to restore vital properties for the economic success of their major stake holder countries. They are highly risk-averse, as would any party dealing with loans, as opposed to investments.

Global currency does not mean a centralized global government. A global government is fine, because, as we have seen with the European community, it will never result in the formation of any uniform constitutional obligations or laws. It will always remain decentralized. It would be essentially as effective as the U.N. It would arbitrate between warring and conflicting parties and it would mediate and regulate economic activity.

Smaller nation-states are absolutely vital in maintaining the social and civil legislation that can only be applicable to the people that voted their representatives to offices of power. Some organization sitting in Paris will never be able to legitimate laws around the world. Laws are, and must always be a locally-oriented tool, supported by those who have put their representatives in power. That said, nation-states should have no influence over the economic continuity of the world at large. They are about as irrelevant in their ability to distribute wealth to the world as the Roman Catholic Church was in its crusade against political self-determination during the time of the Protestant Reformation, and the consequent civil wars sweeping all across Europe in the 16th century. Adam Smith was wrong about self-interest, in that it only applies to individuals who are not beholden to a larger, inclusive interest, such as nation building. Person building is the only applicable model for which to base self-interest and competition.

[edit on 13-3-2009 by cognoscente]

You know I fully support a one world kind of society. I think that its eventual.

However I do not support an oppressive one world government. where laws and rules restrict society. I think we're heading down this road, to an oppressive world order. We are an immature species trying to rush our society's evolution and the result is the world we see now, an eventual 1984 dystopia.

We still have so much maturing to do before we are anywhere close ready in becoming a one world society.

Originally posted by thehumbleone


Well there you have it folks. Even world leaders are openly talking about a one world currency.

This comes as no surprise to me as this was predicted thousands of years ago in the Bible. I'm sure you've all heard of the book of Revelation.

The real question is: How long will people stay in denial?

What will it take for people to realize the one world order has been planned since the foundations of the earth have been laid?



www.theaustralian.news.com.au
(visit the link for the full news article)

I've been saying this is the only way to actually determine value is through the use of one world currency... finally the markets won't be so disparate anymore...

It doesn't have anything really to do with conspiracy as much as it does have to do with convergence.... convergence happens folks....

reply to post by thehumbleone


Something just clicked in my head, christianity has been one big sham to control right? Well hands down they #ing told us what was going to happen thousands of years ago!

There not talking about the end of the world becase god blah blah blah, there talking about there plan to take it over! How else would the book so adored by such a cult, have a revelations chapter thats starting to align with what the NWO is, bluntly, doing!

[edit on 13-3-2009 by Renshin]

All you supporters of one-world currency, consider this:

"Permit me to issue and control the money of the nation and I care not who makes its laws."
— Mayer Amsched Rothchild, a prominent European banker in the eighteenth century

So you see, it's not just money. One-world currency = one-world government, inevitably. And what happens when power is centralised? That's the highest form of totalitarianism - no dissent would be permitted, no diversity of political belief, religion, culture. One-world Government is the ultimate threat to all of our freedoms. We'd see global enslavement.

If you support one-world currency or one-world government, you might want to ask yourself - truthfully - whether thoser in power would create a peaceful and prosperous global regime, or one which benefits them at a cost to us. I think the last decade alone demonstrates which route they'd go down. WAKE UP!

A single world currency is actually very unlikely given that currency trading has become such an easy way for elite manipulators to make money from nothing.
Then again with a single world currency they will be able to tax and control us all to oblivion, or so they may believe, but for how long would the majority put up with it.

Look at the fabulous example this week in Madagascar when the troops en masse refused to follow their president's orders to crush the citizens any longer because they knew that the orders were immoral. They stated officially that they had to follow their hearts...........

As far as Revelation goes, I think it says the anti-christ will rule for three and a half years. Well woopy doopy to that. Teach the world a lesson in true evil we will hopefully never allow to happen again. Historically speaking this is a very short period of time, so the anti-christ turns out to be a failure don't you think?

In regard to a previous comment stating that power corrupts, I would like to disagree with this time trodden statement of excuse and say that corrupt people are the ones attracted to power like flies to a carcasss.

Originally posted by Nineteen

As far as Revelation goes, I think it says the anti-christ will rule for three and a half years. Well woopy doopy to that. Teach the world a lesson in true evil we will hopefully never allow to happen again. Historically speaking this is a very short period of time, so the anti-christ turns out to be a failure don't you think?

Three and one half years may be a short period of time in terms of a lifetime, but I think it would seem like more than a lifetime in terms of what might be happening to humanity WHEN the anti-christ comes.

For example, would it seem short to the people who spent time in the Soviet gulags, the people who had to endure Pol Pot, the people affected by Hitler, or anybody in modern times that has been stolen through rendition and tortured ala' Abu Graib. Waterboarding, anyone? Darfur???

We aren't even there yet (one world currency/government) what do you think will happen when we are all ruled by the "Council" and regional overlords they will set up to control everything?

Will everything be peace and roses then, when we can't do it now?

reply to post by thehumbleone


I can't agree that it was planned, but I can agree that after thousends of years of killing that people started thinking one world power might be a good idea.

I don't think it has anything to do with human foresight though... just hindsight at the fact that our race was barbaric then and is now.

Humans strive to make themselves better, and surely they think if they place the trust of their own money on everyone, it will fix their problems.

And wasn't gold a single currancy at one time?

Originally posted by Erasurehead
reply to post by thehumbleone

 

This is how it will start. They will promote one world currency as a good thing for everyone. The sheeple will buy right into it and it will become a reality with no fight at all. This will be the first step towards a one world government.

It's disheartening and enraging isn't it... The fact, that the sheeple will go right along with this... even after we have warned them.

I sit here in amazement, as I read people mock us still, even in light of this news. We should be the ones mocking you!

In fact I will.... with just one word. Germany!!!!!!!!!!!

God damn't has history class taught us nothing!!!?!?!?!

[edit on 13-3-2009 by sliceNodice]