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 ...
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.
PPPPPP
prior preparation prevents piss poor performance.
YEP!
Ping
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.
The same “conspiracy theories” linger because there seems to be an ever present effort to make it reality.
Just as the socialists keep pushing for nationalized healthcare in America.
They have to file away their plans every so many years and try again to ram through such measures.
It's all deliberate and calculated. And deadly effective.
the US out of the UN.
the UN out of the US.
The UN is an enemy and they should get the he** out of this country. Take their currency and their pitiful selves somewhere else.
Let them. If the socialists have control much longer we’ll be bartering with chickens and bushels of wheat anyway.
Timmah already said he is open to this “change.”
Remember he was asked in Congressional hearing (I beleive it was Michelle Bachmann) if he would support a new world currency and he said no, he would not support that. Then a few days later in a meeting with globalists he said the US is open to the idea of ending the dollar as the world currency.
This is going to happen.
With 0bama’s new law you can’t have a garden or farm without being taxed some green tax bologna.
So we won’t even have wheat or chickens to bargain with 0bama will tax them and their feces.
No fiat currency would fare any better than the USD. Fiat currency is socialist currency, because it politicizes/socializes control over the supply of money. The power elite know this quite well. So any proposal for a new world fiat currency is all about international power politics (who will control the supply of the principal reserve currency,) and not at all about fixing the fundamental problem (which is that the supply of money must not be politicized/socialized.)
Umm, no. And get out of our country you freeloaders!
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