The Federal Reserve and the Global Currency, page 1

Something happened recently that is not getting very much discussion in the media and I have not seen mentioned here.

Associated Press - Central banks move to stabilize financial system

Please read the article completely before responding. Traditionally, foreign countries would accept dollars and hold them in their central banks, their version of the Federal Reserve. They did this primarily because the United States had one of only seven "hard" currencies. These were the currencies that were accepted as payment for goods beyond their own borders. The U.S. dollar was pretty much the only currency accepted by most oil producing nations.

As the article mentions, central banks are now allowing regular banks to "borrow" dollars from the Federal Reserve. This would be like Bank of America buying euros or the yen. Basically these banks now become gamblers as the value of the currencies change daily. There are places in the stock market where people trade currencies and it is very risky. For the U.S. we are pegging our dollars value to the value of the foreign currencies by intertwining with them. This is complete insanity and cannot possibly have a good result.

Now as you read the article it sounded as if this was something they had to do; but, that is a lie. In fact they had discussed doing the same thing using the International Monetary Fund. I wrote about this on my blog a year ago when the IMF was discussing it (not a plug for my blog and no, I will not give the address). Want proof, here is the article.

CNN Money - IMF calls for dollar alternative

NBC New York - www.nbcnewyork.com... uld-Take-NYSE-Out-of-American-Control-115817389.html

This should be a very big story; but, it is getting almost zero attention. The IMF wanted to commingle the worlds currencies to create the backbone of a single global currency and now it is complete, it is just that it was done by the Central Banks rather than the IMF. Same game; but, done in such a way that nobody notices.

I don't usually post in this section; but, because I didn't see anyone else discuss it, I thought I should. Peace.

reply to post by Danbones

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Are you not amazed by how few people caught this post? Yep, they just don't get it; but, they will.

reply to post by AQuestion

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Something happened recently that is not getting very much discussion in the media and I have not seen mentioned here.

It was covered in the Market Data thread, starting here, along with discussion of how it links in with the near downfall of a major European bank this week.

You are right to highlight the importance of this news, and how little analysis it has received in the MSM. The global currency is one of the main the aims of the Bilderberg Group, and this global surprise intervention by the Fed will, shall we say, not be aimed at undermining that plan. Special Drawing Rights - the subject of the CNN article - are an even more obvious precursor.

This should be a very big story; but, it is getting almost zero attention. The IMF wanted to commingle the worlds currencies to create the backbone of a single global currency and now it is complete, it is just that it was done by the Central Banks rather than the IMF. Same game; but, done in such a way that nobody notices.

It was all mapped out long ago. Take a look at 'The True Story of the Bilderberg Group' by Daniel Estulin. They're not making it up as they go along.



reply to post by Danbones

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That was a thought-provoking post!

Bob Chapman on jones today pointed out that the whole MF global debacle where they stole all the customers money and and ex governor corzine isn't even being prosecuted was a step to stabilize AMERICAN banks... this is why Corzine isn't being procecuted

He is being hauled up before Congress, at least: post.

reply to post by AQuestion

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So now when Benny hits the "print" button on all them presses, he will not only screw up the US but now Europe as well ??

I mean the fact is the other countries should not fall for this crap but I guess they will,
or at least their leaders will..

reply to post by pause4thought

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Dear pause4thought,

I am not trying to take credit for seeing anything, I was just trying to bring up the point and let others see it for themselves. Peace.

reply to post by Trustme333

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Dear Trustme333,

It is a little more tricky than that, if anyone hits the print button, it screws everyone else up. It is about creating a common point for all currencies to be pegged at something that can be taken from another country.

reply to post by AQuestion

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I am not trying to take credit for seeing anything, I was just trying to bring up the point and let others see it for themselves.

Sorry if I gave that impression. I was just trying to say 'you can read some interesting discussion of the issue' in the other thread, which you seem to have missed.

I'm all for this thread, which is why I commended you for bringing it to people's attention!

reply to post by pause4thought

---

It is all good. I don't care which thread people read. We should at least know about it going on. Peace.

Originally posted by AQuestion
Something happened recently that is not getting very much discussion in the media and I have not seen mentioned here.

Associated Press - Central banks move to stabilize financial system

Please read the article completely before responding. Traditionally, foreign countries would accept dollars and hold them in their central banks, their version of the Federal Reserve. They did this primarily because the United States had one of only seven "hard" currencies. These were the currencies that were accepted as payment for goods beyond their own borders. The U.S. dollar was pretty much the only currency accepted by most oil producing nations.

As the article mentions, central banks are now allowing regular banks to "borrow" dollars from the Federal Reserve. This would be like Bank of America buying euros or the yen. Basically these banks now become gamblers as the value of the currencies change daily. There are places in the stock market where people trade currencies and it is very risky. For the U.S. we are pegging our dollars value to the value of the foreign currencies by intertwining with them. This is complete insanity and cannot possibly have a good result.

Now as you read the article it sounded as if this was something they had to do; but, that is a lie. In fact they had discussed doing the same thing using the International Monetary Fund. I wrote about this on my blog a year ago when the IMF was discussing it (not a plug for my blog and no, I will not give the address). Want proof, here is the article.

CNN Money - IMF calls for dollar alternative

NBC New York - www.nbcnewyork.com... uld-Take-NYSE-Out-of-American-Control-115817389.html

This should be a very big story; but, it is getting almost zero attention. The IMF wanted to commingle the worlds currencies to create the backbone of a single global currency and now it is complete, it is just that it was done by the Central Banks rather than the IMF. Same game; but, done in such a way that nobody notices.

I don't usually post in this section; but, because I didn't see anyone else discuss it, I thought I should. Peace.

the FX liquidity SWAPS? everyone knows about this. Was the top talk of the week on the floor.

reply to post by AQuestion

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While I was at work the other day, fox news was on a TV talking about this as I walked by. It was about a 5 second announcement, just enough to peak my interest to look elsewhere.....
Its so scary, what is a normal slave to do? I cant afford gold and can barely afford some silver........

Originally posted by Starwise
reply to post by AQuestion

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While I was at work the other day, fox news was on a TV talking about this as I walked by. It was about a 5 second announcement, just enough to peak my interest to look elsewhere.....
Its so scary, what is a normal slave to do? I cant afford gold and can barely afford some silver........

Dear Starwise,

Gold and silver don't cut it and during the depression the government confiscated gold. I tell people to be aware of what is going on, not be afraid. I am a Christian so my opinion is probably meaningless to most; but, I believe history, nature and God make sure that things work out. They cannot all be wrong and tyranny has never survived for long. Peace.

reply to post by Danbones

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And just how do they plan to suck the dough out of the orient and India?
I'm lost here.

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