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And so it begins: * UN Conference Suggests New World Currency *

The United Nations Conference on Trade and Development said in a report published Monday that the U.S. dollar should be replaced as the world’s standard reserve currency, giving rise to a new global currency managed by an as-yet undetermined financial regulatory organization.

Heiner Flassbeck, director of the conference, told Bloomberg News that changes needed in the world’s financial systems rival the scope of the Bretton Woods or European Monetary System agreements.

The Bretton Woods agreement established in 1944 the International Monetary Fund and World Bank, following allied victory in World War II.

“[The] dominance of the dollar as the main means of international payments [has] played an important role in the build-up of the global imbalances in the run-up to the financial crisis,” the report says. “Another disadvantage of the current international reserve system is that it imposes a greater adjustment burden on deficit countries (except if it is a country issuing a reserve currency) than on surplus countries.”

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http://rawstory.com/08/news/2009/09/07/united-nations-calls-...

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bump

for the evening crowd.

The appearance of a basket-of-currencies, as preferred

reserve currencies, is something that's been warned about for quite some time...........and dutifully ignored by the MSM. Pretty much the same attitude was common prior to the introduction of the Euro. Another step down the road.

_________________________________________
"An economy built on fiat money is a society on its way to ashes."

_________________________________________
"An economy built on fiat money is a society on its way to ashes."

The new world currency is

The new world currency is going to be the SDR. This is being done as central banks around the world deposit their U.S. treasury bonds at the IMF in exchange for SDRs. Once the IMF controls all U.S. treasury bonds then it will manage global trades with SDRs. The dollar will fall in value around the world while depression continues in the States.
grant

CHY

I think the new reserve currency is going to be the Yuan.. The Asian markets heavily bought Gold and silver last night and it held strong till of coarse the US market opened. The Fed is so obviously selling Gold its not even funny. Gold is moving east. What appears to be a sideways trade for gold is actually a transfer of Gold from western Central banks to the east. The UN are desperatly trying to maintain power in the Global economy with their cheesy reserve currency talk, while the Chinese stealtily buy up all the assests around the world. In the end, it will be the Gold backed Yuan that will win out.

The dollar drop and gold spike

should be the most active topics today on the DP, instead the main forum is nothing more than 911 craziness today. We are our own distraction. The AJ/Sheen story today is to the DP like Michael Jackson's death is to the mainstream media.

Hopefully Peter Schiff makes it onto some financial shows today and gives us something of substance to talk about.

The AJ/Sheen 911 truth push is admirable but a celebrity wanting to talk to Obama about what is scene in the MSM as a fringe topic is simply unlikely at best. Good attention getter for a few hours I guess though.

My country is not the UN

The assumption is that the world will accept a new currency, but we don't have to and I don't think we will.

Any currency would be a huge disruption and I find it difficult to believe that any such disruption will be accepted for anything other than our own, new SOUND money.

People can use gold and silver much easier that any created currency because it's already a recognized form of real money.

If we switch to anything, why switch to anything but real money?

Force would be the only reason, but we've gone that route and we know intimately where it leads. Any force coming from the UN would be rejected as well because we know that not having our own currency (or a seriously devalued one) would destabilize our sovereignty (what's left of it anyway)

I feel that a dollar crash is imminent, but I also feel most will be skeptical of any international fiat currency with a global central bank.

That's the wrong path and we don't have to accept it.

In that other thread I said:
"No matter how they spin it gold and silver can be a viable fiat alternative in the modern world, and it can function electronically just as easily as any money because transferring value in digit form works with anything that has an established value. They just don't like the metals because they cannot control us when we have them."

and falstoffe said:
"Link the state's budget to a commodity backed system and reciprocate with other states.
If we can't undo the Fed, or can't undo the WMF, that's the solution."

We have the means, we have a crisis situation that leads nowhere good unless we put our stamp on it, and we have an opportunity to establish sound money. All we need are congress people with a frickin' backbone and a bit of integrity who actually care about the US.

Tall order I know, but they're out there somewhere... If they don't show a backbone soon they'll just have to be ejected.

I Agree With Falstoffe !

A small minority of us have been trying in vein to pass a state bill that would do just what you're talking about since about 2003 {?}. Edwin Vieira the lawyer who wrote the bill, suggests if one state passes this proposed state legislation, the others will follow, eventually.

http://www.goldmoneybill.org/

It was rejected in Montana, simply because state elected officials are not well educated to the benefits of sound money. I bet most of them have a hard time balancing their own personal checking accounts.

Personally I have been trying to get local political activists to sponsor this bill. Mostly I'm ignored which is frustrating !!!!

beesting

Ignoring sensible options...

...cannot last.

We have the ability to side-step this mess and our Constitution provides us with the means. All we have to do is make a decision and go forward.

More people need to be aware

before any real action will come from our representitives. If we could get action at the state level at the same time HR1207 was in progress we might see positive results towards sound money.

The proposed national healthcare system pales in comparrison, where are the Glenn Beck activists on this one?

If the UN

gets control of the money supply our "representitive" government is gone for good. I understand there are plenty of solutions but it seems we are only offered the progressive (to the communist left) solutions these days.

True

But we have to accept what they offer.

I don't think people are willing to go along with whatever is thrown at them anymore.

Whatever happens we're in for a shake-up and some sort of economic change is necessary. What I'm seeing is that gold and silver are already considered real money by many, and that will only grow as the economy worsens. As that's the case I can't see us opting for another destructive currency over gold and silver (especially one issued from a global central bank)

Since we as a nation have lost much of our productive capabilities we'll have a lot of work ahead of us, but we do have resources and enough dedicated workers to progress through this mess. The way I see it we can either continue to work for them, or begin working for ourselves.

It's an easy choice and now is the time to make it.

This comes out just

as the End the Fed campaign starts to really get good. You have to wonder how hard they will push their agenda of World Government before we remove thier largest tenticle the Federal Reserve system.

This is the battle to turn the tide in our favor!

Bump!

This is the real story today.

cheers to that

And the story that is not being discussed is that Thailand demanded physical delivery of their gold from London.

Hmmmm!

Very interesting...

Give Peace a Chance - John Lennon
http://www.enduswars.org/

Thailand too???

I heard about China the other day. But not Thailand.

something is up..... some

something is up..... some are in the know and preparing.. why would China and other nations demand their gold?

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

Push Commodity backed budget at the State House Level

Field Local State General Assembly candidates under the radar, and lobby the remainder for the same purpose:

Link the state's budget to a commodity backed system and reciprocate with other states.

If we can't undo the Fed, or can't undo the WMF, that's the solution.

- A state inherently has to have a balanced budget, no printing allowed. That works to a commodity budget's advantage that would arguably kill a federal level budget attempting the same thing (unless you're California).

- It decouples the State level economy from any currency catastrophe at the Federal Level.

- It's less scary to people and even sounds appealing: if Gold Standard is too scary to try at the Federal Level, then test drive it at the state and see what happens. Sell it like a backup plan: it's better to have a backup currency and not need it than to need a backup and not have it.

- The world had a global currency for the last 12,000 years. It was called gold and silver, recognized and accepted everywhere from China to Europe to Africa to the Aztecs and Incas.

- And it only takes one or two states. Like concealed carry, others will quickly copycat once the 'newness' of the idea wears off. The more s*** hits the fan, the faster other states will adopt.

So run for local office: if you don't see the candidate you like, then you're it.

(Yes, this is a duplicate post, there will NOT be a 3rd copy of it in three threads. I stop here.)

Life, Liberty, Property

Not only

to stop a One World Currency... The need to get out of this worthless web of deceit called the United Nations. IS NOW!

***********Ron Paul for POTUS 2012***********
*************Obama Is A Communist!************
**********Repeal the 17th Amendment**********
Double the size of the House of Representatives
$$$$$$$$$AUDIT THE FEDERAL RESERVE$$$$$$$$$$

***********Ron Paul for POTUS 2012***********
*************Obama Is A Communist!************
**********Repeal the 17th Amendment**********
Double the size of the House of Representatives
$$$$$$$$$AUDIT THE FEDERAL RESERVE$$$$$$$$$$

Boobus AmericANUS will accept no world currency

where the US does not enjoy an unfair advantage (like being the sole remaining Superprinter). The ROW is tired of US hegemony. I don't think they can work this out.

Thanks, for posting.

I guess they are going to get their world currency in place before they dump the dollar. It appears everything is on schedule and we are screwed.

It doesn't look good. I

It doesn't look good. I hope one of the reasons the Fed fears an audit is that it will point the finger back to corruption with the IMF. Perhaps RP could sponsor a bill to stop it. We need a crusade against world currency.

Once the Fed goes "out of

Once the Fed goes "out of business" Americans won't accept a forced global paper currency.

The world will have a global currency... Gold and Silver! The people of the world won't accept their government's funny money anymore.

you are starting to see

you are starting to see this.. this is why the Chinese Government are telling their people to buy and save silver and gold.. they know what is coming.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

Mixed signals are coming

Mixed signals are coming from China. One one hand they are telling citizens to buy metals. On the other, they may invest in IMF's currency plan.