UN wants to replace dollar with "new" global currency
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Thread: UN wants to replace dollar with "new" global currency

  1. #1
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    Exclamation UN wants to replace dollar with "new" global currency

    In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises.
    UN wants new global currency to replace dollar - Telegraph
    It added that the present system, under which the dollar acts as the world's reserve currency , should be subject to a wholesale reconsideration.


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    Is this the death of the dollar? Although a number of countries, including China and Russia, have suggested replacing the dollar as the world's reserve currency, the UNCTAD report is the first time a major multinational institution has posited such a suggestion.

    In essence, the report calls for a new Bretton Woods-style system of managed international exchange rates, meaning central banks would be forced to intervene and either support or push down their currencies depending on how the rest of the world economy is behaving.

    The proposals would also imply that surplus nations such as China and Germany should stimulate their economies further in order to cut their own imbalances, rather than, as in the present system, deficit nations such as the UK and US having to take the main burden of readjustment.

    "Replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries running large deficits and would help stability," said Detlef Kotte, one of the report's authors. "But you will also need a system of managed exchange rates. Countries should keep real exchange rates [adjusted for inflation] stable. Central banks would have to intervene and if not they would have to be told to do so by a multilateral institution such as the International Monetary Fund."

    The proposals, included in UNCTAD's annual Trade and Development Report , amount to the most radical suggestions for redesigning the global monetary system.

    Although many economists have pointed out that the economic crisis owed more to the malfunctioning of the post-Bretton Woods system, until now no major institution, including the G20 , has come up with an alternative.
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  3. The New World Order will involve merging, streamlining and globalization of multiple international governments. The establishment of the EU is one example. Eventually, efforts to establish a one-world government will set the stage for the anti-Christ to step upon it.

    This is why we should fiercely resist anything involving efforts to globalize currency, governments, etc. Yes, it is Biblical that it will come to pass. No, I'm not excited about the downward spiraling of human culture and society as evil gains a greater foothold in our world, and Obama is playing a key role in these end times.

    TFO


    Check out Dr. Jimmy DeYoung's daily prophecy updates: Prophecy Today - Top 10 Daily News Stories

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    * Karzai closer to election victory Latest results from Afghanistan's presidential election show President Hamid Karzai with 54.1% of the vote after 92% of polling stations declared.

    * UN wants new global currency to replace dollar The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world's monetary system since the Second World War.

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    * China alarmed by US money printing Cheng Siwei, former vice-chairman of the Standing Committee and now head of China's green energy drive, said Beijing was dismayed by the Fed's recourse to "credit easing".

  4. #3
    Scripture says that "In the last days perilous times will come". Is this the last days? Can not say for sure but the way things look I would not be surprised.
    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
    "This may not be the end of the world, but you can see it from here."

    The encouraging part of all this madness, violence and disaster found in the headlines to the latest volley of political BS is that none of this is a surprise to God.
    "There is no consitutional right to be protected by the state against being murdered by criminals or madmen." (7th Cir. 1982, Bowers v. DeVito)Stay safe, and stay trained.www.sazsatt.com

  6. #5
    Quote Originally Posted by AZSATT View Post
    "This may not be the end of the world, but you can see it from here."

    The encouraging part of all this madness, violence and disaster found in the headlines to the latest volley of political BS is that none of this is a surprise to God.
    Amen.
    Democracy is two wolves and a lamb voting on what's for dinner. Liberty is a well armed lamb contesting the vote." - Benjamin Franklin

  7. #6
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    I heard rumors about a North American Union - US, Canada, & Mexice joining, then the currency would be the Amero. I don't think we are that far off, unfortunately. Especially when Russia & China are PUSHING for it. They, now being global powers are kinda like the E.F. Hutton's of the world. Whatever comes, it is pre-ordained, but it doesn't make it any easier to take.
    "People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf". ~George Orwell / Rudyard Kipling

  8. #7
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    I can't believe that there are still people that deny a plot to set up world government. They are throwing it in our face constantly, like this article.
    [SIGPIC][/SIGPIC]In order to rally people, governments need enemies. They want us to be afraid, to hate, so we will rally behind them. And if they don't have a real enemy, they'll invent one in order to mobilize us.

  9. #8
    Quote Originally Posted by mot mayhem View Post
    I heard rumors about a North American Union - US, Canada, & Mexice joining, then the currency would be the Amero. I don't think we are that far off, unfortunately. Especially when Russia & China are PUSHING for it. They, now being global powers are kinda like the E.F. Hutton's of the world. Whatever comes, it is pre-ordained, but it doesn't make it any easier to take.
    I read something about that not too long ago about them wanting to accomplish this by 2010.
    You can have my freedom as soon as I'm done with it!!!

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