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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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To: Rennes Templar
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.

Intervention by the central banks largely caused this problem in the first place. Of course, to these yahoos, the solution to problems caused by big government is even bigger government.

Also, I find it interesting that they're pushing for a global currency when so many Europeans are realizing that their regional currency was a mistake. Just like how Obama is pushing for socialist medicine when most European countries are looking for ways to privatize health care.

I have to thank the Europeans for allowing themselves to be the guinea pig for the experiment in "Third Way" international socialism. Now, if only we on the other side of the pond could be bothered to learn from it.
61 posted on 09/08/2009 11:29:52 AM PDT by The Pack Knight (Duty, Honor, Country)
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To: Rennes Templar

Well, that’s good news! < sarcasm > The only organization that is more incompetent than our Congress is the UN. When either one of them is in session, we are in real danger!


62 posted on 09/08/2009 11:31:00 AM PDT by NRA2BFree (We knew a revolution was coming, but who knew it would be started by rowdy senior citizens! lol...)
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To: sourcery

Let’s see the U.S. currently pays for about 25% of the UN’s bubget. Since our currency is worthless in their eyes, we should stop immediately giving them any financial support. Next, since they insist on trying to override our Constitution, they should be expelled ansd we should withdraw. People who want to deal with us will, those that don’t won’t. We’re still 25% or so of the world’s GDP. That matters more than a bunch of oneworld assholes trying to undermine this nation in NYC.


63 posted on 09/08/2009 11:33:30 AM PDT by easttennesseejohn
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To: Rennes Templar

There already IS a world-wide currency and it’s been around for centuries.

It’s called GOLD.

These liberals are idiots to say the least.


64 posted on 09/08/2009 11:36:44 AM PDT by MikefromOhio (Fides et Audax)
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To: Rennes Templar

65 posted on 09/08/2009 11:39:49 AM PDT by houeto (Scorpions Sting, Marxists Lie. It is just what they do.)
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To: Rennes Templar

66 posted on 09/08/2009 11:44:44 AM PDT by Lucky9teen (America is at that awkward stage..2 late 2 work within the system, but 2 early 2 shoot the bastards)
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To: Rennes Templar

el peso Obamo? muncho money for the world!


67 posted on 09/08/2009 11:49:54 AM PDT by Ancient Drive (And so I´m leaving ground - I leave the skylines of my life - I plough new lifelines in my skin)
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To: Rennes Templar

I think Michael Savage had the right idea about the UN. He basically said to turn it into a giant homeless shelter. That way, you get two sets of bums off the streets of New York.


68 posted on 09/08/2009 11:51:07 AM PDT by conservativebuckeye
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To: Rennes Templar
Replacing the dollar with an artificial currency would solve some of the problems

A computer chip in the right hand or forehead, so that no man, rich and poor, free or bond, would be able to buy or sell without it.
That way, all the worlds wealth can be monitored and shared equally. And just think, one man would be able to control it all, and therefore control who lives and who dies, with one click of a mouse.
Expect it in 1217. That's their target date.

69 posted on 09/08/2009 11:51:41 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: concerned about politics
Expect it in 1217. That's their target date.

I apologize. That's 2017 according to Rockefeller (WND).

70 posted on 09/08/2009 11:57:10 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: AuntB

How bout all the people who have been saying Ron Paul is akook. Ha Ha. Who are the Kooks now!


71 posted on 09/08/2009 11:57:24 AM PDT by screaminsunshine (!!)
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To: Quix

Dear Quix,

I humbly apologize for doubting that rumor that on August 24, 2009, American banks would shut down temporarily to begin converting American dollars to the new UN currency.

It appears the only reason they didn’t, was that it wasn’t ready yet.

Love,

Laz


72 posted on 09/08/2009 12:14:34 PM PDT by Lazamataz (Tagline pawned: Ticket Number 1032983. Redeem by Oct 4, 2009.)
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To: Lazamataz

Look, LazSpaz,

You have your . . . interesting role to play

and I have my whatever role to play.

I’m skeptical that apologies, satirical or not,

are part of the script.

On another note . . . who knows when the genocidal traitors from hell will get around to implementing the global fiat currency.

Perhaps after insuring that everyone is as destitute and hungry as they can make them.


73 posted on 09/08/2009 12:22:47 PM 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: MikefromOhio

Gold (GCU09) topped $1000 today, briefly...
just sayin’


74 posted on 09/08/2009 12:24:44 PM PDT by MrB (Go Galt now, save Bowman for later)
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To: Quix

Thanks. Good overview!


75 posted on 09/08/2009 12:34:26 PM PDT by algernonpj (He who pays the piper . . .)
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To: Quix
Something to think about:

Get out your magnifying glass and a dollar bill and have some fun. There is indeed a lot of amazing symbolism and numerology, much of it from Clandestine Luciferian Masonic (CLuM) or perhaps Rosicrucian, on this Federal Reserve Note but finds the magical number 33 in several places on the dollar bill, which corresponds with the number of years Jesus is said to have lived on Earth.

There are 55 dots and 25 lines in the "glory" surrounding the "constellation" over the eagle on the obverse. I have yet to expound on the numerological significance to CLuMs for the numbers 55 and 25, but I will. The constellation Lyra, the Lyre, (the LIAR?) found on the bill represents America; since Lyra in fact has 10 stars, and as a JudeoChristian nation we are bound by 10 Commandments. The old Latin motto was properly "Ex pluribus unum," which was modified to the less usual usage of "E pluribus unum" to achieve the count of 13 letters in the motto (13 being an important CLuM number); similarly "Novus ordo saeclorum" was modified to the less usual "Novus ordo seclorum" to achieve the count of 17 letters for similar Luciferian numerological reasons. There 33 words or groups of numbers on the obverse, and that there are nine "units" to the large word "ONE" with 11 shadow units, numerologically significant numbers. What makes this convincing to me is the fact that the two smallest shadow units are totally unnecessary to the artistic design, in fact they are obtrusive once you notice them (they look a bit like apostrophes, and you would probably not notice them if you were not looking for them), so they have to have been deliberately planted into the pattern. (It is too bad the designer of the 1935 dollar bill, Edward M. Weeks, evidently never set forth in writing the symbolism he went to such lengths to put into his product.) The letters USA appear on the back of the dollar bill 26 times; what he means is that the letters U, S and A taken separately appear 26 times in total. "THE UNITED STATES OF AMERICA ONE DOLLAR" has 37 letters, which does have a numerological significance. Then there is the business of the pyramid; there are 202 surviving courses in the Great Pyramid of Gizeh (said to be the model for the pyramid on the dollar bill). Seven more courses, at the top, including the capstone, are missing or fragmentary, whatever that means. That would make 209 courses total in the intact pyramid. But some say it was 221. Be that as it may (a topic for future investigation?), the highest surviving course is "nine massy stones" plus "two that are wanting at the angles" or 11 stones. THIS IS CLEARLY A REFERENCE TO THE terrorist incidents of 9-11-2001!!!!

76 posted on 09/08/2009 12:34:55 PM PDT by Lazamataz (Tagline pawned: Ticket Number 1032983. Redeem by Oct 4, 2009.)
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To: Quix

Seriously, for a second: I don’t think there’s a person alive who’s doing more serious research than me.


77 posted on 09/08/2009 12:35:51 PM PDT by Lazamataz (Tagline pawned: Ticket Number 1032983. Redeem by Oct 4, 2009.)
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To: concerned about politics

I thought the millenium goals crap is 2015?


78 posted on 09/08/2009 12:40:44 PM PDT by Dubya-M-DeesWent2SyriaStupid! (Obama, the first ever 3 in a half year, lame duck TOTUS)
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To: algernonpj

Thanks for your kind words.


79 posted on 09/08/2009 12:55:16 PM 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: Lazamataz

Goodness

. . . working overtime, again, I see!

I’ll trust your scholarship in that area any day.

Just don’t let it get out that I do!


80 posted on 09/08/2009 12:57:14 PM PDT by Quix (POL Ldrs quotes fm1900 2 presnt: http://www.freerepublic.com/focus/religion/2130557/posts?page=81#81)
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