The G20 moves the world a step closer to a global currency

The G20 moves the world a step closer to a global currency

www.tel egraph.co.uk

single clause in Point 19 of the communiqué issued by the G20 leaders 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," it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.
In effect, the G20 leaders 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 any sovereign body. Conspiracy theorists will love it.

(visit the link for the full news article)



Related AboveTopSecret.com Discussion Threads:
Obama: 'I don't support a global currency'
CNBC Analyst: Global Bank, Global Currency Within 15 Years
China calls for new global currency
www.abovetopsecret.com...

So, the ends appear to justify the means.

The entire crisis reeks of foul play by central banks and IMF&WB, because they are essentially admitting they are using it to their advantage and have been planning it for fifty years.The obvious goal is control of the entire world economy without any oversight.


This is dictatorship and i can already predict the next step: currency reform worldwide at which point any savings you might have had will be devalued at will while you can prepare to work extra for the new global taxes which will inevitably be imposed (the Kyoto air tax is just the edge of the wedge). This move clearly indicates that they feel strong enough to ablosh national sovereignity worldwide, because as it stands, the majority still believes the 'Fed' is a government related body. A worldwide central bank would of course put that notion to rest.

www.tel egraph.co.uk
(visit the link for the full news article)

just one more step, baby steps as they say it's amazing at the people who think this G-20 is for the better..

i watched the new and this one reporting was going on about how Obama was a leader among leaders, he was the one that lead the G-20.. he made the deals happen


Pure Bollocks

I'll tell you one thing, I'd rather have a global currency than have the American dollar as the de facto standard for International Share trading.

Something has to be done about the valuation of the American dollar and the unfair, pre-eminent role it has in international stock trading.

America wants to hold the world hostage with it's sick, over-inflated, over-valued, deadbeat currency which is worth maybe 2/3's of the paper it's printed on.
If everyone deals in American prices for bonds, stocks, treasuries and forms of usury, America profits by default by providing unfair and overvalued exchange rates.

The US Economy is a brightly-painted and decorated, rotting corpse as we all well know.

Underneath which, sheer incompetence and greed, in addition to capitalism gone wild threaten to drag down the rest of the world with their foolishness, simply because they are unwilling to give up the control they have over the global stock markets by acting as the preferred medium to bargain with.

Originally posted by The Godfather of Conspira
Underneath which, sheer incompetence and greed, in addition to capitalism gone wild ...

And you think that's solely and American problem?

One look at the corrupt cesspool that is the UN tells ya' it's worldwide.
Changing from dollars to euros or to yen or to ________ .... won't
change the fact that incompetence, greed, and ambitions of world
domination would still be running the planet.

Facism, and these things you mentioned, are not bound within
politicial parties or country borders.

reply to post by FlyersFan


Indeed you are right.

But no OTHER currency is used to valuate so many stocks and bonds on the share market.

The American dollar is the de facto standard for Oil bourse, the de facto standard for commodity trading and the de facto standard for share trading.

Euros, Yen, Pesos, whatever only govern a fraction of share valuation in the global markets.


[edit on 6/4/09 by The Godfather of Conspira]

www.youtube.com...
www.youtube.com...
www.youtube.com...

reply to post by The Godfather of Conspira


so, let's just play the same on a worldwide scale, and everything will work out fine.

US dollar or Illuminati dollar, won't change a thing, except now they might just be able to ruin the USA without cutting off their own life support.

Conspiracy theorists will love it.

All in all though, the article is a good read to get at the meat of what the summit was all about.

It doesn't matter what new currency is dreamed up or implemented by whoever is in charge, greed will rule heads and people will clamour over their neighbour to get as much of it as they can, the rich will be become richer and poor will become poorer, the only ones I feel really sorry for are our children and the generations that follow us that will have to bear the burden of debt and forced serivitude.

Originally posted by The Godfather of Conspira
Euros, Yen, Pesos, whatever only govern a fraction of share valuation in the global markets.

The Euro is getting pretty big and dangerous too. They are trying to push it into more and more countries. The parliment in the UK keeps trying to establish it on the quiet because they know the people don't want it. Mark my words this is just another step into making Europe one country. Whatever happened to the non-invasive EEC that we first joined.

If they do manage to get this global currency through if you want to avoid as much devaluation as you can try buying gold ingots and such like as they either hold or increase their value so you can sell them again after the currency change.

Lesson from the Euro. They will try and sneak currency changes through without you noticing, be vigilant. If it comes to public choice make sure your voice is heard. Even though they will alter the results if it is too far against them then they will have to admit defeat. But if they lose by only a few votes it would be very easy for a few votes to go missing.

-Cauch1