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UN wants new global currency to replace dollar
Telegraph.co.uk via Drudge ^ | Sept. 7, 2009 | By Edmund Conway, Economics Editor

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.

-snip-

"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 ...


TOPICS: Breaking News; Extended News; Front Page News; News/Current Events
KEYWORDS: dollar; endtimes; globaleconomy; globalization; healthcare; impeach; leftbehind; markofthebeast; military; newworldorder; nwo; obama; obamalovesun; oneworldgovernment; palin; powergrab; un; unscandals
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Nuts.
1 posted on 09/08/2009 7:46:38 AM PDT by Rennes Templar
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To: Rennes Templar

Lately all those “wacky, nut job conspiracy theories” of old seem to be coming true!
Damn...they were right after all.
Nuts, indeed.


2 posted on 09/08/2009 7:49:18 AM PDT by ozark hilljilly (Change you can believe in...Revolution you must pay for.)
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To: Rennes Templar
Perfect time to say in full voice - do that and you're outta here.

Oh...heck...kick 'em out and then say just the threat of doing that is what caused us to do so.

3 posted on 09/08/2009 7:49:36 AM PDT by NordP ("Asking liberals where wages & prices come from = asking 6 yr olds where babies come from" T.Sowell)
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To: Rennes Templar

Maybe they will call it a “U”ro or perhaps a “UN”ro.


4 posted on 09/08/2009 7:52:13 AM PDT by Don Corleone ("Oil the gun..eat the cannolis. Take it to the Mattress.")
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To: Rennes Templar

The U N has been an enemy of America for many years.

Hopefully this will wake people up to that fact.


5 posted on 09/08/2009 7:52:35 AM PDT by BenLurkin
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To: Rennes Templar

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).


6 posted on 09/08/2009 7:53:22 AM PDT by DBrow
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To: Rennes Templar
Marxist US President Barack Obama will be on board the UN ship with this.
7 posted on 09/08/2009 7:56:14 AM PDT by E. Pluribus Unum (Islam is a religion of peace, and Muslims reserve the right to kill anyone who says otherwise.)
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To: Rennes Templar

how about the peso?


8 posted on 09/08/2009 7:56:22 AM PDT by television is just wrong (one bad ass mistake America!!!!!!!!!!!!!!!!!!)
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To: Rennes Templar; Fred Nerks; LucyT
Obama wants this to happen.Thats why he has the money presses printing like nad to devalue the dollar.

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

9 posted on 09/08/2009 8:01:57 AM PDT by Candor7
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To: Don Corleone

“Maybe they will call it a “U”ro or perhaps a “UN”ro.”

And people will yell “UNO” when they have only one left.


10 posted on 09/08/2009 8:06:08 AM PDT by Buck W. (The President of the United States IS named Schickelgruber...)
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To: ozark hilljilly

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”


11 posted on 09/08/2009 8:11:32 AM PDT by chuck_the_tv_out ( <<< click my name: now featuring Freeper classifieds .)
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To: ozark hilljilly

While obama is striving to debase the American currency ... go figure!


12 posted on 09/08/2009 8:12:25 AM PDT by himno hero
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To: Rennes Templar

I can't wait to get my UN-ObamaDollars. 2,000 should get a cup of coffee after
the hyperinflation from the deficit our Dear Socialist Leader is creating.
13 posted on 09/08/2009 8:12:50 AM PDT by TurtleUp (I believe that America is good and that human life is good, so I'm a conservative.)
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To: Rennes Templar

So, what part of the UN Charter authorizes this attempted power grab?


14 posted on 09/08/2009 8:27:54 AM PDT by Zeppo (Save the cheerleader, save the world...)
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To: Rennes Templar

15 posted on 09/08/2009 8:31:12 AM PDT by mentor2k
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To: Rennes Templar

And let me guess... the UN will be responsible for printing the money, right?


16 posted on 09/08/2009 8:35:46 AM PDT by Blood of Tyrants (Capitalism is the unequal distribution of wealth. Socialism is the equal distribution of misery.)
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To: ozark hilljilly

“Lately all those “wacky, nut job conspiracy theories” of old seem to be coming true!
Damn...they were right after all.
Nuts, indeed.”

Indeed. It’s been about 8 months since anyone accused someone of wearing the ‘tin foil’ hat.


17 posted on 09/08/2009 8:40:33 AM PDT by AuntB (If the TALIBAN grew drugs & burned our land instead of armed Mexican Cartels would anyone notice?)
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To: Rennes Templar

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:

http://www.youtube.com/watch?v=XAzl21AfnZU

ORIGINS OF THE UN, PART 2:

http://www.youtube.com/watch?v=R0qV2OM8ajQ

ORIGINS OF THE UN, PART 3:

http://www.youtube.com/watch?v=VrkshIXYiPs

FREEDOM HAS AN ADDRESS!
IT’S HTTP://WWW.JBS.ORG


18 posted on 09/08/2009 8:41:20 AM PDT by Dick Bachert (.)
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To: Rennes Templar

The dollar is about to become what we used to call a “hot potato”.


19 posted on 09/08/2009 8:43:25 AM PDT by The Duke ("Are you now or have you ever been a member of the Democrat Party?")
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To: Rennes Templar

“U.S out of U.N. and U.N. out of U.S.”


20 posted on 09/08/2009 8:44:55 AM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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Comment #21 Removed by Moderator

To: DBrow

shut up. Don’t give them any ideas.


22 posted on 09/08/2009 8:56:24 AM PDT by NCC-1701 (ON 1-19-09 GAS WAS, ON AVERAGE IN MEMPHIS, $1.43 A GALLON.)
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To: Rennes Templar
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,

The American voter pulling their heads out of their butts when they voter would work also.

23 posted on 09/08/2009 8:59:19 AM PDT by bmwcyle (Liberals feed on dead Senators and babies)
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To: Rennes Templar

And 0bama will help

Related article

http://www.freerepublic.com/focus/bloggers/2333207/posts?page=1


24 posted on 09/08/2009 9:05:22 AM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama, the first ever 3 in a half year, lame duck TOTUS)
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To: ozark hilljilly

What Rev. Manning thinks...

http://www.youtube.com/watch?v=c3cUgzP0NUA&feature=channel_page


25 posted on 09/08/2009 9:10:40 AM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama, the first ever 3 in a half year, lame duck TOTUS)
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To: TurtleUp

I threw up a little.


26 posted on 09/08/2009 9:12:16 AM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama, the first ever 3 in a half year, lame duck TOTUS)
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To: E. Pluribus Unum; Quix; hoosiermama; mojitojoe; joygrace; sushiman

see post #’s 24 and 25


27 posted on 09/08/2009 9:16:27 AM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama, the first ever 3 in a half year, lame duck TOTUS)
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To: NoObamaFightForConservatives

Thx. will do.


28 posted on 09/08/2009 9:22:49 AM PDT by Quix (POL Ldrs quotes fm1900 2 presnt: http://www.freerepublic.com/focus/religion/2130557/posts?page=81#81)
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To: AuntB

“Lately all those “wacky, nut job conspiracy theories” of old seem to be coming true!
Damn...they were right after all.
Nuts, indeed.”

Indeed. It’s 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

me

that, then they haven’t called anyone that hereon.

LOL.

Thx.


29 posted on 09/08/2009 9:25:10 AM PDT by Quix (POL Ldrs quotes fm1900 2 presnt: http://www.freerepublic.com/focus/religion/2130557/posts?page=81#81)
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To: Dick Bachert

INDEED.

They can also read the quotes of our traitorous leaders from 1900 on in the link ref’d in my tagline:

http://www.freerepublic.com/focus/religion/2130557/posts?page=81#81


30 posted on 09/08/2009 9:25:57 AM PDT by Quix (POL Ldrs quotes fm1900 2 presnt: http://www.freerepublic.com/focus/religion/2130557/posts?page=81#81)
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To: The Duke

dollar become a hot potato?

Since when did hot potatoes become toilet paper?


31 posted on 09/08/2009 9:26:40 AM PDT by Quix (POL Ldrs quotes fm1900 2 presnt: http://www.freerepublic.com/focus/religion/2130557/posts?page=81#81)
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To: Rennes Templar

The communist-inspired U.N. is plotting our downfall like vultures circling a corpse.


32 posted on 09/08/2009 9:27:09 AM PDT by TexasRepublic (Obama = Jim Jones coercing us into suicide on a national scale)
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To: NoObamaFightForConservatives; airborne; AngieGal; auggy; autumnraine; basil; bearsgirl90; ...

END TIMES “D” LEVEL PING LIST PING


33 posted on 09/08/2009 9:27:50 AM PDT by Quix (POL Ldrs quotes fm1900 2 presnt: http://www.freerepublic.com/focus/religion/2130557/posts?page=81#81)
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To: mentor2k
Our last amount we gave to the U.N.

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.

34 posted on 09/08/2009 9:34:35 AM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama, the first ever 3 in a half year, lame duck TOTUS)
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To: Quix

And to think folks that warned/spoke of this (GLOBAL U.N. COMMUNIST CONTROL/NWO/GLOBALIZATION) were called whacko conspiracy theorists.

35 posted on 09/08/2009 9:39:40 AM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama, the first ever 3 in a half year, lame duck TOTUS)
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To: Quix

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.

China’s 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.

http://www.economicpolicyjournal.com/2009/09/alert-china-to-issue-renminbi-bonds.html


36 posted on 09/08/2009 9:42:08 AM PDT by FromLori (FromLori)
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To: NoObamaFightForConservatives

And some were banned for giving such a warning.


37 posted on 09/08/2009 9:45:24 AM PDT by Quix (POL Ldrs quotes fm1900 2 presnt: http://www.freerepublic.com/focus/religion/2130557/posts?page=81#81)
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To: FromLori

Hmmmmmmmmmmmmm

things that go

KLUNK!

in the daylight.


38 posted on 09/08/2009 9:46:14 AM PDT by Quix (POL Ldrs quotes fm1900 2 presnt: http://www.freerepublic.com/focus/religion/2130557/posts?page=81#81)
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To: Rennes Templar

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?


39 posted on 09/08/2009 9:50:10 AM PDT by Buckeye McFrog
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To: Don Corleone


40 posted on 09/08/2009 9:53:07 AM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama, the first ever 3 in a half year, lame duck TOTUS)
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To: BenLurkin

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.


41 posted on 09/08/2009 9:56:54 AM PDT by Canedawg (FUBO)
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To: Buckeye McFrog

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?


42 posted on 09/08/2009 9:59:18 AM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama, the first ever 3 in a half year, lame duck TOTUS)
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To: Canedawg

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.


43 posted on 09/08/2009 10:01:51 AM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama, the first ever 3 in a half year, lame duck TOTUS)
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To: AuntB; 444Flyer

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.

PPPPPP

prior preparation prevents piss poor performance.


44 posted on 09/08/2009 10:13:45 AM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama, the first ever 3 in a half year, lame duck TOTUS)
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To: NoObamaFightForConservatives

YEP!


45 posted on 09/08/2009 10:23:19 AM PDT by 444Flyer (Life moves pretty fast. If you don't stop and look around once in a while, you could miss it.-Ferris)
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To: F15Eagle; HollyB; Saoirise; Esther Ruth; agrace; UriĀ’el-2012; politicket; anniegetyourgun

Ping


46 posted on 09/08/2009 10:24:54 AM PDT by 444Flyer (Life moves pretty fast. If you don't stop and look around once in a while, you could miss it.-Ferris)
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To: Rennes Templar

The Federal Reserve continues to kill the dollar.


47 posted on 09/08/2009 10:30:01 AM PDT by GoldStandard
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To: Don Corleone

If they called it GOLD I would be entirely in favor.


48 posted on 09/08/2009 10:34:33 AM PDT by AFPhys ((Praying for our troops, our citizens, that the Bible and Freedom become basis of the US law again))
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To: Rennes Templar
It is way past time we left the UN and kicked them out of the country.
49 posted on 09/08/2009 10:37:28 AM PDT by TexasFreeper2009 (Obama lied, the economy died)
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To: kellynla
“U.S out of U.N. and U.N. out of U.S."

Too late. That cancer has widely metastasized.

50 posted on 09/08/2009 10:37:38 AM PDT by polymuser ("We have a right to debate and disagree with any administration!" (HRC))
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