Central Banks Game Plan: One World Currency!
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“They are planning through the IMF to come up with a World Currency to replace the dollar because the dollar will be replaced you just can’t keep printing them forever …. They wanna come up with another currency controlled and ruled by the United Nations and IMF ! “ – Quote: Ron Paul, 12 Jan 2012 at South Carolina.
- The Illuminist plan is for a global currency meltdown to lay the foundation for their One World Currency backed by gold ! How do you get countries all over the world to abandon their national currencies and accept a One World Currency controlled by a Global Supra-National Central bank and World Government? You destroy all fiat currencies via hyperinflation! Then you introduce the One World Currency backed by gold ie. it is as good as gold. All unbacked fiat currencies will then fall against this new One World Currency.
– - The Illluminists are confident of success with the following nations/regions: North America, EU, Japan, South Korea, ANZ, Singapore … Countries which refuse to accept this new Monetary Hegemony will face WAR! The path to ‘666’ is definitely via world war!
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Central Banks Game Plan: One World Currency!
by http://www.batr.org/
Only those in total denial would claim that the world economies could grow their way out of the debt bubble. Mathematically, the rules of compound interest always destroy the purchasing value of fiat currencies. The era of zero interest rates will end. When the cost to finance debts reverts to normal levels, the bleeding will become a gusher. The world reserve currency status of Federal Reserve Notes will come under enormous pressure. As the central banks consolidate their control over international commerce and the economies of individual countries, the coin of the new realm will shift to a replacement for the U.S. Dollar.
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There is no current replacement for the Dollar among existing world currencies. In order to substitute the role that the Dollar plays in trade a new measure of transactions would need to become acceptable to settle trade transactions. A mere substitution with some form of a basket of currencies or the inclusion of gold, does not resolve the enormous overhang of debt obligations needed to redeem all the Dollars that float around the world. The de facto use of Dollars within foreign borders to conduct business supersedes the local legal tender laws that many countries model after those imposed domestically on American citizens.
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All this would change when the reserve status of the Dollar evaporates. The IMF created back in 1969 the SDR
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“The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR serves as the unit of account of the IMF and some other international organizations.”
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As fiscal and political observers understand, the International Monetary Fund is a tool of central bankers, used to cast their will over sovereign nations. Monetary bondage is the core business of finance. In order to delay the ultimate day of reckoning, a shift in appearance will be offered as an alternative to the loss in Dollar confidence.
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In an IMF paper, Enhancing International Monetary Stability—A Role for the SDR? – The concept of a modified idea of a previous proposal resurrects.
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read more!
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“Are we going to go another step further into INTERNATIONAL MONEY … are we gonna go toward a U.N./IMF STANDARD where they are going to control with the USE OF FORCE another fiat standard. That’s what many people are working for and I CONSIDER THAT A VERY DANGEROUS MOVE!” – Ron Paul
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