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London Telegraph Admits Plan For Bank Of The World, Global Currency

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posted on Apr, 4 2009 @ 05:03 PM
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London Telegraph Admits Plan For Bank Of The World, Global Currency


infowars.net

The international business editor of the London Telegraph has today penned a piece admitting that the fallout of the G20 summit sets the stage for a global central bank and a global fiat currency.

After yesterday's widespread announcement of a "new world order" by the world's media, Ambrose Evans-Pritchard of the Telegraph writes "The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity." - The economic analyst points to a clause in Point 19 of the communiqué issued by the G20 leaders, saying it "amounts to revolution in the global financial order."

"We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity," The clause states. - SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.
(visit the link for the full news article)

Related News Links:
www.t elegraph.co.uk
www.propagandamatrix.com

[edit on 4-4-2009 by News And History]




posted on Apr, 4 2009 @ 05:03 PM
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G20 leaders want to FORCE us to use their fiat-money. Don't accept anything from those power-hungry occultists, who think they have control over you & every other living-being on earth.

The "G20 leaders" believe they have activated the IMF's power to create money and begin global 'quantitative easing'. In doing so, they are putting a de facto world currency into play. It is outside the control of many sovereign nations. "Conspiracy theorists will love it." Evans-Pritchard comments.

We're not all "conspiracy-theorists". We're seekers of truth, wise students, and free-thinking individuals!

infowars.net
(visit the link for the full news article)

[edit on 4-4-2009 by News And History]



posted on Apr, 4 2009 @ 05:14 PM
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reply to post by News And History
 



"Conspiracy theorists will love it." Evans-Pritchard comments.

Nope. What we love is that the MSM is waking up and - albeit still too blind to see it - having to eat humble pie.



posted on Apr, 4 2009 @ 05:19 PM
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I wonder what an SDR will physically look like or if they are going to translate it into some other kind of denomination. As far as I know, SDRs have been in use by the UN for years and aren't dormant at all.
LINKY

It's like everyone puts their money in and get back their SDR count based on exchange rates and that's what they use for their transactions.

[edit on 4-4-2009 by 4N6310]



posted on Apr, 4 2009 @ 05:28 PM
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I appreciate the comments (above). Both of you are right about the global-currency & other things you shared in this thread.

[edit on 4-4-2009 by News And History]



posted on Apr, 4 2009 @ 05:45 PM
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The SDR sounds very much like the soft European Currency Unit (ECU), which was introduced in 1979 for international financial transactions. The soft ECU eventually gave way to the hard ECU, otherwise known as the Euro we know today.

SDR does have the potential to become a global currency, although it might take a whole generation before we're at that point. More seriously for the USA, SDR has the real potential to become the global reserve currency with commodities currently priced in US dollars (oil, for example) being priced in SDR's instead. And if you think gas in USA is expensive now, "you ain't seen nothing yet".

This is seismic.



posted on Apr, 4 2009 @ 06:03 PM
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Are you a regular reader to the Telegraph? They have been described as having a conspiracist viewpoint at times, for many years.

Here is a video from many years ago, playing on that idea.

www.youtube.com...

"The Morning Star is read by people who think the country ought to be run by another country. The Telegraph is read by people who think it already is"



posted on Apr, 4 2009 @ 06:08 PM
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Global Currency will only work if We The People accept this form of currency. This could be the headlines in our country someday soon. "Banking Holiday" go to the nearest New Bank Of The World and exchange your U.S. dollars for the New Global Currency.

It could go either way and one scenario could be for every U.S. dollar you turn in you will recieve $10 dollars worth of (GC) Global Currency. This would entice most people to turn in their dollars if the GC is truley worth 10 times the dollar in trade value in the U.S. and abroad. Overnight once everyone has switched over from the dollar the GC could plummit in value and you would have been set up. Inflationary would be an understatement.

The second scenario could be turn in your dollars and for every ten dollars you turn in you would recieve 1 GC or Global Currency Dollar. Either you do this or you will be out of luck and the dollar will be worth nothing other then the paper it was printed on.

Since the NWO is calling the shots would it not be advantages for them to stur up trouble somewhere on the globe especially in the U.S. to get the people to submitt to being under their control?

Would it be unconstitutional for the U.S. to go to a Global Currency? Absolutely, but do you think this administration really cares?



[edit on 4-4-2009 by amari]



posted on Apr, 4 2009 @ 08:36 PM
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reply to post by amari
 


I think your reasoning is sound.

I fear the decision on whether to accept this currency is not open for debate. The 'leaders' have agreed in our name; and rendered our self-perceived relevancy moot.

From the conspiratorial perspective, the G20 staged the financial cartels' coup and they are now the masters of trade, world-wide. This singularly tiny (relatively infinitesimal) portion of society holds the world in it's hands.

They can create any economic conditions they wish. And there is no way to 'appeal' that external power.... sounds awfully "Royal" doesn't it?



posted on Apr, 4 2009 @ 10:27 PM
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If they are going down the road of the single global currency, I suspect the SDR might be it, traded with countries into their own currencies.

The IMF will be the ultimate Federal Reserve/Bank of England/Insert Bank Here.

Will it set the way for new currency? Watch this space.

You might find that it dictates the exchange rate, independent of the markets.

[edit on 4-4-2009 by mirageofdeceit]



posted on Apr, 5 2009 @ 05:04 AM
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reply to post by mirageofdeceit
 


It will affect exchange rates.

Stability will be promoted by nations pegging their currency against the SDR within an agreed range. Deviate from that range for whatever reason & the speculators will sink your currency, ultimately leading to ejection from the SDR system altogether.

International companies will start investing in SDR compliant countries only, penalties may well be exacted against nations which aren't in the SDR system via protectionist measures, making your exports uncompetitive.

The pressure to join will be simply enormous.

Perhaps US contributors can now see the dilemma faced by nations such as the UK which have so long resisted joining the Euro.




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