One world Currency
Page 1 of 2 12 LastLast
Results 1 to 10 of 13

Thread: One world Currency

  1. #1
    Join Date
    Jan 2008
    Location
    Florida Panhandle
    Posts
    3,098

    Exclamation One world Currency

    By HARRY DUNPHY, Associated Press Writer Harry Dunphy, Associated Press Writer – Fri Feb 26, 4:13 pm ET
    Head of IMF proposes new reserve currency - Yahoo! News
    WASHINGTON – Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar.

    "That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now," he said in a speech on the future mandate of the 186-nation Washington-based lending organization.

    Strauss-Kahn said such an asset could be similar to but distinctly different from the IMF's special drawing rights, or SDRs, the accounting unit that countries use to hold funds within the IMF. It is based on a basket of major currencies.

    He said having other alternatives to the dollar "would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country."

    Strauss-Kahn, a former finance minister of France, said that during the recent global financial crisis, the dollar "played its role as a safe haven" asset, and the current international monetary system demonstrated resilience.

    "The challenge ahead is to find ways to limit the tension arising from the high demand for precautionary reserves on the one hand and the narrow supply of reserves on the other," he said.

    Several countries, including China and Russia, have called for an alternative to the dollar as a reserve currency and have suggested using the IMF's internal accounting unit.

    Strauss-Kahn said the IMF also needs to do a better job of tracing how risk percolates through the global economy.

    "Here it will be essential to improve our ability to monitor several dozen large complex financial institutions that make up the `plumbing' through which global capital flows," he said, while leaving national regulators the job of monitoring the solvency of individual institutions.

    OK kids...this is really important. If this happens we are no longer driving the bus! These are people so rich and powerful that George Soros is just a coffee fetcher.
    FESTUS
    IN OMNIA PARATUS

  2.   
  3. #2
    Join Date
    Jan 2008
    Location
    Florida Panhandle
    Posts
    3,098

    follow the money...A powerplay like you have never seen is afoot.

    Man who broke the Bank of England, George Soros, 'at centre of hedge funds plot to cash in on fall of the euro'
    Is 'man who broke the Bank of England' George Soros at centre of hedge funds betting against crisis-hit euro? | Mail Online
    By Karl West
    Last updated at 12:52 AM on 27th February 2010

    The man about to break the euro? George Soros is said to be placing large bearish bets against the single currency

    A secretive group of Wall Street hedge fund bosses are said to be behind a plot to cash in on the decline of the euro.

    Representatives of George Soros's investment business were among an all-star line up of Wall Street investors at an 'ideas dinner' at a private townhouse in Manhattan, according to reports.

    A spokesman for Soros Fund Management said the legendary investor did not attend the dinner on February 8, but did not deny that his firm was represented.

    At the dinner, the speculators are said to have argued that the euro is likely to plunge in value to parity with the dollar.

    The single currency has been under enormous pressure because of Greece's debt crisis, plus financial worries in Portugal, Italy, Spain and Ireland.

    But, it has also struggled because hedge funds have been placing huge bets on the currency's decline, which could make the speculators hundreds of millions of pounds.

    The euro traded at $1.51 in December, but has since fallen to $1.34. Details of the secretive dinner emerged days after Mr Soros, chairman of Soros

    Fund Management, warned in a newspaper article that the euro could 'fall apart' even if the European Union can agree a deal to shore up support for stricken Greece.

    Mr Soros, who made more than $1billion by currency speculation when the pound was ejected from the Exchange Rate Mechanism on Black Wednesday in 1992, believes the structure of the euro is 'patently flawed'.
    george

    Hitting back: Greek PM George Papandreou blames 'speculators' for preying on the country's troubles

    He said: 'Makeshift assistance should be enough for Greece, but that leaves Spain, Italy, Portugal and Ireland.

    'Together they constitute too large a portion of euroland to be helped in this way.'

    He believes that unless the European Commission is given sweeping powers over taxation and spending, the single currency will always be vulnerable to financial turbulence in individual states.

    'If member countries cannot take the next steps forward, the euro may fall apart,' he added.

    Last night, Greek prime minister George Papandreou hit back at the 'speculators' who he blames for preying on the country's troubles.

    Following a visit by EU economic inspectors and experts from the International Monetary Fund, he told the country's parliament that the worst fears about Greece's economy had been confirmed.

    Greece is desperate to restore the confidence of investors in its debt after revealing that the previous government understated its budget deficit by half.

    Outlining the precarious nature of Greece's finances, Mr Papandreou said: 'There is only one dilemma: Will we let the country go bankrupt or will we react?

    'Will we let the speculators strangle us, or will we take our fate in our own hands?'

    The Greek leader also called for more help from the EU with its debt crisis. Until now, the EU has offered political support but no bailout.

    But a row is still festering between Berlin and Athens over the crisis.
    cabinet chancellery

    A Greek consumer group called for a boycott of German goods today after a German magazine blasted the country as 'cheats.

    The new trade war came as Angela Merkel admitted the euro is in 'a difficult situation' for the first time.

    She spoke as German magazine Focus ran a cover image of the armless Venus de Milo somehow raising her middle finger under the headline 'Cheats in the euro family' to suggest that Greece deliberately misled EU peers to swindle its way into the euro.

    The cover sparked outrage in Greece, prompting the demands for a boycott. A Greek newspaper has also hit back, running an image showing the statue of the goddess Victoria atop the Siegessaeule in Berlin holding a swastika.

    'The falsification of a statue of Greek history, beauty and civilisation, from a time when there (in Germany) they were eating bananas on trees is impermissible and unforgivable,' a statement from the Consumer Institute (INKA) said.

    'Greeks are no crooks, we want the German government to condemn this most improper publication,' said INKA president George Lakouritis.

    'If you have such friends, what do you need enemies for?'

    INKA distributed leaflets in central Athens and in front of German-owned consumer electronics store Media Markt, urging Greeks to heed the boycott.

    Merkel's government has so far deflected appeals to promise aid to heavily indebted Greece. Opinion polls show that a majority of Germans oppose a bailout.

    Germany's ambassador to Greece, Wolfgang Schultheiss, said yesterday he regretted that German press reports caused offence. 'Germany is firmly on Greece's side,' Schultheiss said after being summoned by Greece's parliament speaker Filippos Petsalnikos.

    But it wasn't enough for Mr Lakouritis. 'The ambassador's statements were not satisfactory,' he said.

    Yesterday Mrs Merkel admitted that Greece's debt crisis has plunged the euro into a ‘difficult situation'.

    The admission from the leader of Europe's biggest economy prompted fresh fears about the collapse of the single currency.

    In the gravest sign yet of the international threat posed by Greece’s crippling debt crisis, Mrs Merkel warned for the first time that the eurozone faces a ‘ dangerous’ period.

    Read more: Is 'man who broke the Bank of England' George Soros at centre of hedge funds betting against crisis-hit euro? | Mail Online
    FESTUS
    IN OMNIA PARATUS

  4. #3
    "The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson."
    A letter written by FDR to Colonel House, November 21st, l933

    "The depression was the calculated 'shearing' of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market....The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank."
    Curtis Dall, FDR's son-in-law as quoted in his book, My Exploited Father-in-Law

    "Let me control a peoples currency and I care not who makes their laws."
    Meyer Nathaniel Rothschild in a speech to a gathering of world bankers February 12, 1912. The following year, the USA subscribed to the 'services' of the newly incorporated Federal Reserve, headed by Mr. Rothschild.
    By faith Noah,being warned of God of things not seen as yet, moved with fear,prepared an ark to the saving of his house;by the which he condemned the world,and became heir of the righteousness which is by faith Heb.11:7

  5. #4
    Join Date
    Jan 2010
    Location
    ARIZONA-a short distance from the sun
    Posts
    8,891
    One World Government=One World Currency=One World Religion= 666

    Everything is right on schedule.
    ~ God Hates Religion ~
    But even if we or an angel from heaven should preach to you a gospel contrary to the one we preached to you, let him be accursed.

  6. #5
    Join Date
    Jul 2008
    Location
    Sunny South Florida
    Posts
    486

    One world currency?

    I thought you just counted it by caliber.

  7. #6
    Join Date
    Jan 2010
    Location
    ARIZONA-a short distance from the sun
    Posts
    8,891
    Quote Originally Posted by 2beararms View Post
    I thought you just counted it by caliber.
    Only if you get LEFT BEHIND.
    ~ God Hates Religion ~
    But even if we or an angel from heaven should preach to you a gospel contrary to the one we preached to you, let him be accursed.

  8. #7
    Quote Originally Posted by Ringo View Post
    One World Government=One World Currency=One World Religion= 666

    Everything is right on schedule.
    pretty much.. we're not far off people..
    You can have my freedom as soon as I'm done with it!!!

  9. Everything has been prearranged. All I need now is this Anti Christ character to make his or her presence known.
    One world Currency , One world government.! It is prophisized in the Bible. I knew it would happen someday.
    Start buying your Fully automatic weapons, and start stockpilling amunition.!! Stock up on can goods, make some kind of
    Domesday shelter in your back yard, and just wait.

  10. #9
    Bring it on. Let's dance.

  11. #10
    JJ be careful what you wish for.
    By faith Noah,being warned of God of things not seen as yet, moved with fear,prepared an ark to the saving of his house;by the which he condemned the world,and became heir of the righteousness which is by faith Heb.11:7

Page 1 of 2 12 LastLast

Similar Threads

  1. Replies: 6
    Last Post: 04-28-2009, 10:25 AM
  2. Replies: 5
    Last Post: 01-30-2009, 10:31 AM
  3. Replies: 10
    Last Post: 12-23-2008, 01:15 AM
  4. Obama, world crisis and the new world order
    By HK4U in forum Off-Topic
    Replies: 27
    Last Post: 11-20-2008, 03:49 PM
  5. EU Leaders Call for Global Currency
    By HK4U in forum Off-Topic
    Replies: 3
    Last Post: 10-19-2008, 03:17 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Quantcast