posted on Jun, 22 2010 @ 01:00 PM
We won't need a direct "One World Currency".
The G-20 summit Canada this week will among other things be discussing the creation of new global monetary standard.
The standard will not be based on anything like gold or silver, but it will be a fiat standard regulated by the IMF.
This standard has to be created as part of the process to create a new global financial tax system also regulated by the IMF.
So far the US, UK, France, and Germany are pushing for the tax system. India, Canada and Australia are so far against it.
If the system passes, we are looking at Bretton Woods II and a One World Fiat Currency Standard.
IMF to defend bank tax at G-20 summit
UPDATE: Canada Fin Min: Majority Of G-20 Won't Adopt Bank Tax
At G20, India to oppose bank tax, push IMF reform
EU to seek global bank tax at G20 summit
Europeans to lobby G20 over bank levy plans