Skip to comments.UN wants new global currency to replace dollar
Posted on 09/08/2009 7:46:38 AM PDT by Rennes Templar
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.
"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.
(Excerpt) Read more at telegraph.co.uk ...
Lately all those “wacky, nut job conspiracy theories” of old seem to be coming true!
Damn...they were right after all.
Oh...heck...kick 'em out and then say just the threat of doing that is what caused us to do so.
Maybe they will call it a “U”ro or perhaps a “UN”ro.
The U N has been an enemy of America for many years.
Hopefully this will wake people up to that fact.
They are jumping the gun. First they must get a global carbon tax that makes the UN independent of funding from member countries, THEN push a global currency (theirs).
how about the peso?
Anyone with a brain knows this and has their investments in another currency.Various world currencies have risen against the USD by as much as 20% over the last year.
The Canadian Dollar is a case in point.The Canadian Bank of Canada will intefere with the rise in the CD at around 96 cents, acting to devalue the CD against the USD. A dumb move done simply to maintain a short term advantage in balance of trade with the USA.
If floated free the CD would now be worth 1.02-1.05 on the USD.
This fact has been well hidden by the MSM and its natonal socialist propaganda aparatchiks.
Obama, The World Wide Caliphates best friend.Canadians will soon grow to hate him as he wrecks their trade with the USA on a pro union thug agenda
“Maybe they will call it a Uro or perhaps a UNro.”
And people will yell “UNO” when they have only one left.
they were always coming true. people just don’t like to leave their comfort zone.
Heck, just look at the 30s. Obvious major-ass problem; huge; had to be dealt with, and a majority were like “meh, it’ll be ok”
While obama is striving to debase the American currency ... go figure!
So, what part of the UN Charter authorizes this attempted power grab?
And let me guess... the UN will be responsible for printing the money, right?
“Lately all those wacky, nut job conspiracy theories of old seem to be coming true!
Damn...they were right after all.
Indeed. It’s been about 8 months since anyone accused someone of wearing the ‘tin foil’ hat.
Some essential history if you are to fully grasp the rot and the plot — at the core of this thoroughly corrupt gaggle of over-educated morons for whom Obamessiah is the poster boy:
ORIGINS OF THE UN, PART 1:
ORIGINS OF THE UN, PART 2:
ORIGINS OF THE UN, PART 3:
FREEDOM HAS AN ADDRESS!
The dollar is about to become what we used to call a “hot potato”.
“U.S out of U.N. and U.N. out of U.S.”
shut up. Don’t give them any ideas.
The American voter pulling their heads out of their butts when they voter would work also.
And 0bama will help
What Rev. Manning thinks...
I threw up a little.
see post #’s 24 and 25
Thx. will do.
Lately all those wacky, nut job conspiracy theories of old seem to be coming true!
Damn...they were right after all.
Indeed. Its been about 8 months since anyone accused someone of wearing the tin foil hat.
Has it really been that long?
I’d guess that if someone hasn’t called
that, then they haven’t called anyone that hereon.
They can also read the quotes of our traitorous leaders from 1900 on in the link ref’d in my tagline:
dollar become a hot potato?
Since when did hot potatoes become toilet paper?
The communist-inspired U.N. is plotting our downfall like vultures circling a corpse.
END TIMES “D” LEVEL PING LIST PING
chump change but we are broke and jobless but we'll get free healthcare at the risk of Hitler0bama the false messiah and the anti-christ ruling.
And to think folks that warned/spoke of this (GLOBAL U.N. COMMUNIST CONTROL/NWO/GLOBALIZATION) were called whacko conspiracy theorists.
Alert: China to Issue Renminbi Bonds Internationally
It’s only a first step but, this is big. A new player has entered the ring to compete against the dollar and Treasury securities.
Chinas finance ministry said China will issue Rmb6bn ($879m) of bonds in Hong Kong on September 28, in a move to improve the international status of the currency and to help mainland companies raise funds in the offshore bond market, according to FT.
And some were banned for giving such a warning.
things that go
in the daylight.
since Bam has the dollar on a downward spiral where it’s value will soon approximate that of a Grape Nehi bottle cap, who can really blame them?
The U.N. AND the POTUS are enemies of America.
They are in cahoots- Obozo does what he can to bankrupt the country and destroy the currency. Then they will tell us that the only option is to go with a global currency, and He wants it passed NOW, without delay, don’t bother reading the bill, just pass it. We need it, just like health care reform- errrr— health INSURANCE reform.
Oh I blame him alright... as, it is all a part of the scheme of things. Why else would a POTUS do nothing and purposefully tank our economy and try to gov own everything?
I wonder what the rate exchange will be in interest? If you have 5K in your checking account when they do the global magik will it be $5,700 to appease as we are introduced to a national ID card to do all transactions?
Yep they will pass 0bamaCare at ALL costs as it has the utopian plan in it to complete NWO U.N. garbage along with the ID card.
People just knew something was wrong yet did not want to face it was THIS.
Yep everyone seems stunned.
Man the pitchforks. This is not a drill.
An old saying that applies to life every day...
The Six P’s.
prior preparation prevents piss poor performance.
The Federal Reserve continues to kill the dollar.
If they called it GOLD I would be entirely in favor.
Too late. That cancer has widely metastasized.