CNBC Analyst: Global Bank, Global Currency Within 15 Years

CNBC Analyst: Global Bank, Global Currency Within 15 Years

www.prisonplanet.com

Head of market analysis for Schneider Foreign Exchange Stephen Gallo told CNBC yesterday that the financial crisis will lead to the creation of a global central bank and a global single currency within 15 years.

(visit the link for the full news article)

Some of us have been going on about this for the past couple of years.. The financial system was kicked off the edge in order to cause the chaos we are now seeing and bring in a new financial system and currency controlled by the big international banking families.

The only question I have is.. if this is being forecast to happen in 15 years time, does that mean that the Global financial crises will last that long? Or will it deepen so much that this system is forced into place early?

Seeing the ridiculous spending of the Worlds reserve currency by George Bush and co makes it obvious that one of his orders was to weaken that currency to the point that the rest of the worlds large economies would demand a new Reserve be created.

Also, the fact that before this crises deepened, the main EU leaders were calling for this new system goes to show that all the big leaders are to an extent, puppets of these Globalist Financiers.

It will be interesting to see how this plays out..

The main thing that annoys me is that this system was crashed causing so much hardship in order to sneak the new system in.

www.prisonplanet.com
(visit the link for the full news article)

The thing I don't get.
If there was one world bank, and only one world currency.
Then how could speculators make profits from trading currency's?
Many wealthy individuals would not stand for this.
The money changer guy, would be out of business.
It really just makes no sense that all these people who make much money from trading different currency's against each other.
Would allow there to be only 1.

If this is going ahead, it seems to be that..

A) The FOREX is not as important as we all think.
or
B) This would be a background currency, other currencies would still be used but based on this new one.

Here's an explanation

Goodbye, dollar. So long, euro and yen. Hello, dey!

Dey? It's a proposed combination of the three currencies, which could eventually form the basis of a global currency.

A worldwide money won't emerge any day soon. Still, it's a longtime dream of some economists, who point out several advantages to simplifying the jumble of nearly 190 currencies.

For starters, the world trades about $1.2 trillion worth of currencies a day. If that market disappeared, it would save companies and individuals hundreds of billions of dollars a year in foreign-exchange and hedging costs.

Another benefit: no more national currency crises, which have riled Argentina, Mexico, Thailand and Russia in recent years. No country would have a balance-of-payments problem or need to maintain reserves of foreign assets, such as currency or bonds, to counter dramatic fluctuations in the market.

The end of currency fluctuations would also stabilize international business. Manufacturers on both sides of the Atlantic, for example, would no longer have to adjust to huge changes, such as the slide in the value of the euro from $1.17 initially in 1999 to 83 cents two years ago then back up to about $1.22. The value of stocks and other assets in countries now subject to high currency risks and inflation would also soar hugely as investors became more reassured of values.

Clicky

It seems the new currency will be called "Dey"!!

[edit on 28/2/09 by Dermo]

15 years ?! What a joke, it has to happen now.
What makes you think that private banks will control anything, to me it seems obvious that they are totally out of control and their recent orgies of greed are but the nails in their coffin.
A worldwide, democratically controlled, INTEREST FREE world currency, would save our collective ass from bankruptcy, it would make it possible to pay back the debts that have been incurred through the past and present manipulation of the markets and also the huge national debts that have accumulated worldwide, not only in America, thereby saving a whole bunch of pension funds and the people who payed into them from total poverty in their old age. It always amazes me that a lot of the folks who are into ATS, UFOs and Aliens seem to be totally incapable of thinking and feeling globally...! We are human beings folks ( more or less ) and we live on the same old planet.

Originally posted by survivalsurfer
15 years ?! What a joke, it has to happen now.
What makes you think that private banks will control anything, to me it seems obvious that they are totally out of control and their recent orgies of greed are but the nails in their coffin.

The smaller banks mean nothing, Im talking about the bankers behind the main central banks and behind the scenes global Investment companies.

You have to look at the bigger investor/banking families who are pushing this scenario. Im all for a multi polar global economy, its just that at the moment, the people who are left with the massive amounts of money after the recent slump are the ones that are going to be investing in this new system.. many of those are people who had a hand in tipping the system in the first place in order to create a tighter system that they will control/profit from.

This is where the problem arises with me.. where will this have evolved to in fifty years time?

A worldwide, democratically controlled, INTEREST FREE world currency, would save our collective ass from bankruptcy,

What is the likely hood of this happening? 1 in 1000?? Think about it, this new system will have to include money creation, inflation and credit for expansion.. this will also include interest and profit at all levels. Unfortunately people do not do anything for nothing.. especially when it is backed by investors... This is our problem. The new system will be controlled by a global bank.. which in turn will stem from private interests.. See the ECB, FED and Bank of England for example.

It always amazes me that a lot of the folks who are into ATS, UFOs and Aliens seem to be totally incapable of thinking and feeling globally...! We are human beings folks ( more or less ) and we live on the same old planet.

Thinking globally is not an issue, we are used to that idea in the EU.. the problem is who is controlling the globe at the end.

Part of this push for a global currency relates very closely to the push for a cashless currency. All of your payments will be conducted via chip on either a card or your person.

Think of the tax implications for governments that miss out on taxing the underground economy. Also, the costs for hauling physical material coinage is an expense that could be completely removed for banks - Everything would be electronic on one (1) currency electronically. Easier to manage from the both the perspective of tax collection and bank management. Additionally, from a government intelligence gathering viewpoint, a cashless global currency system would be ideal to track down criminal elements.

With the advent of online banking, and as the younger generations are becoming so adept with computers, software, and technology in general, it's just a matter of time before the culture will accept a global cashless currency.