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UN Calls For World Bank Currency To Replace Dollar

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posted on Jun, 30 2010 @ 12:54 PM
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Of course, this was the game plan all along.

To bring about a world bank and world currency under the control of unelected private bankers, one must first destroy the dollar.

CNN reports:


New York (CNN) — The dollar is an unreliable international currency and should be replaced by a more stable system, the United Nations Department of Economic and Social Affairs said in a report released Tuesday.

The use of the dollar for international trade came under increasing scrutiny when the U.S. economy fell into recession. “The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency,” the report said.

Many countries, in Asia in particular, have been building up massive dollar reserves. As a result, those countries’ currencies have become undervalued, decreasing their ability to import goods from abroad.

The World Economic and Social Survey 2010 is supporting a proposal long advocated by the International Monetary Fund to create a standardized international system for liquidity transfer.

Under this proposed system, countries would no longer have to buy up foreign currencies, as China has long done with the U.S. dollar. Rather, they would accumulate the right to claim foreign currencies, or special drawing rights, or SDRs, rather than the currencies themselves.

The special drawing rights would be backed by a basket of currencies, which would make them less susceptible to volatility in any one currency. And because the value of a special drawing right is defined by the IMF, changes in the value of any one currency could be adjusted for.


Alex Jones is not crazy.






posted on Jun, 30 2010 @ 12:58 PM
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As a side note, you'd all best start learning about American economic history and why gold was used to back the dollar in our past.

You can learn American economic history here:
fascistsoup.com...

You can learn about the gold standard here:
fascistsoup.com...

And at the very least you better watch this video explaining the Federal Reserve system:




posted on Jun, 30 2010 @ 01:04 PM
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You do as the IMF says else it will crash the system and you get the emero like it or not.

Time to take back control from the FED and to audit the IMF at gun point and then go had have a word with the rothchilds of this world.

Can we still hang people for treason

Check out Bush's finance if you don't already know how bent the system is.



posted on Jun, 30 2010 @ 01:10 PM
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reply to post by LieBuster
 


That's right.

When the IMF gets control of the money, they get control of the country.

Do as they say or else.



posted on Jun, 30 2010 @ 01:58 PM
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Originally posted by mnemeth1
That's right.
When the IMF gets control of the money, they get control of the country.
Do as they say or else.

or else what ???

I won't change currencies. If the dollar goes
then I go back to basics.

I won't trade one evil for another one.

Notice the timing of this article to coincide
with the down spiraling stock market.



[edit on 30-6-2010 by boondock-saint]



posted on Jun, 30 2010 @ 02:04 PM
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reply to post by mnemeth1
 


First they create the problem, then offer their pre-prepared solutions introducing 'their' new order out of their manipulated chaos. Controlled demolitions are a way of the world.



[edit on 30-6-2010 by benedict9]



posted on Jun, 30 2010 @ 02:04 PM
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reply to post by boondock-saint
 


You will not have a choice.

They will back the dollar with SDRs, which means you'll get to keep your dollar, you just lose all control over it.

Right now the unelected Fed controls the dollar, but at least the government has a tiny bit of control over them.

What the UN is proposing is that the World Bank becomes the "Fed" for all countries.



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