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France, as current head of the Group of 20 countries, will help the transition to a global financial system based on 'several international currencies', French Economy Minister Christine Lagarde said today.
Lagarde, speaking ahead of a G20 finance ministers meeting in Paris on Friday and Saturday, said the world had to move on from the 'non-monetary system' it now has to one 'based on several international currencies'.
Accordingly, France wants to see less need for countries, especially the emerging economies, to accumulate huge foreign reserves, she said.
At the same time, inte
Originally posted by bdb818888
They been wanting a global currency for the past 20 years , IMO it would be a good idea to go to a world credit system , it would eliminate a lot of B.S that's going on in the world
A good idea?
well be prepared for insane inflation and more people starving... what currency are they going to use to set value that's the troubling part... remember value of the dollar is not so great and if it is a gold backed currency might get even worse...
you work for the TPTB???
My opinion is that IMF=BAD.
....Put it another way - until we can work out these differences and work together rather than against each other, we will never advance as a species, and our civilisation will more than likely collapse sooner rather than later....
.....Would a leader in a small community, say 100 people, really be able to get away with such an asinine agenda? No way in hell.
Originally posted by CosmicCitizen
France, a country that has had a strong communist presence since WWII, is now chiming in with the IMF (which called for a replacement to the USD as the "world's reserve currency"). Are we (and the dollar) being set up by globalist interests??
This may simply be France flexing her anti US muscles and paving the way for a fairer system not based on economic imperialism.
Membership: The G-20 is made up of the finance ministers and central bank governors of 19 countries: Argentina Australia Brazil Canada China France Germany India Indonesia Italy Japan Mexico Russia Saudi Arabia South Africa Republic of Korea Turkey United Kingdom United States of America