Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8

DailyPaul ^ | July 10 2009 | Lyubov Pronina

[Daffynition]

here it comes......and America is still asleep

[Daffynition]

Hope you learn to love it.

United Future World Currency

The world in a coin. This is our vision, our hope. It is a necessity and a challenge. What seems an impossible dream becomes an inevitable historic, economic and social process. It is an event which is intertwined with the fate of human evolution.

A single currency becomes the premise for an increasingly global planet. A virtual currency capable of speaking a single, comprehensible language to foster humankind's innate desire to go farther, to surpass boundaries, and move towards true principles of peace, freedom, brotherhood and understanding beyond issues of race, political and religious beliefs and party interests.

We are presenting the peoples of nations, governments, institutions, intellectuals, ordinary people, pragmatists and idealists, scholars and, above all, young people - the real protagonists of the future - with a simple, ingenuous yet determined long-term vision for building an ideal bridge with tomorrow and interpreting a dream to transform into reality.

In this program, currency yet again assumes the principle goal which it has had since its invention centuries ago: to facilitate and codify human commercial and social exchange. And become a form of pure "communication" between different peoples - a communication of ideas, ideals, information and culture. This constitutes progress, development and well being.

[BenLurkin]

I’d like to say “Over my dead body” but these days I just feel old and tired.

[SkyDancer]

Well the Euro is already being used in many countries. So why a new universal money idea?

[cripplecreek]

More “conspiracy theorist” stuff. [/sarc]

[Islaminaction]

And our govt is part of this movement.

What ever happen to America first leaders?

[martin_fierro]

[ScreamingFist]

Cool. They re-created the sacagawea dollar...

[Daffynition]

I hear ya ... things coming fast and furious and I no longer feel like the frog in the pot........

[freebilly]

Cool. They re-created the sacagawea dollar...

Sack-a-crapola dollar is more like it....

[Ed Condon]

I propose that we change the monetary system to “Space Credits”, and be ahead of the game.

[DTogo]

TTA: Terran Trade Authority.

[silverleaf]

Is that coin tin-plated like most of the world’s leaders?

[Daffynition]

Of course, Obama and Geithner have promised not to do this. Rep. Michele Bachmann has introduced a resolution to prevent President Obama from doing what he and Treasury Secretary Timothy Geithner say they have no intention of doing: replacing the dollar as the legal tender of the United States. Not sure where this legislation is at the moment.

[SampleMan]

Here it is. Obama noted that the American Eagle was offensive, so he's agreed to replace it with a type of gremlin creature combining the head of a chicken and body of a pig. Additionally, on the front side of the coin "UNITED STATES" will be replaced with "WORLD".

[KarlInOhio]

Nothing says stablity in currency like a Hello Kitty coin.

[BenLurkin]

NEVER GIVE UP!

[cripplecreek]

I’m with ya.

[Daffynition]

There’s been talk of for a long time, the Euro would be merged with the Dollar to create a Eurodollar, which would act as a single currency for both the United States and Europe.

[Daffynition]

Thanks Ben ... I needed that. [chuckling now] ;)

[kcar]

I think it is a pure gold one-ounce coin. If so, I’d ditch the dollar in a heartbeat for that even if the new coin was re-designed with a picture of Michelle Obama’s fat arse on it.

[piytar]

Gee, another useless fiat currency. Whatever...

[SatinDoll]

They ought to put “Esperanza” on it; because it will be about as popular and useful as that worthless mongrel language.

[piytar]

Really? It’s a hard currency? Wow. Afraid I’d have to sogn on, too!

[Typical_Whitey]

Its probably not too far off to believe that Obama is intentionally crashing the US economy in an effort to bring about a world Economic solution like a single currency.

As long as our economy remained a capitalist system and private sector drove it this would be impossible but who knows is this really the strategy of manufactured crisis to bring down this country?

[Captain Beyond]

They defiantly want to move to a one world currency.
Here is link to post I did Friday from a Bloomberg article.

http://www.freerepublic.com/focus/f-bloggers/2289272/posts

To: plsjr; DoughtyOne
LOL good graphics there and related to that:

I just saw this article on Bloomberg:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aeFVNYQpByU4

Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8

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By Lyubov Pronina

July 10 (Bloomberg) — Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.”

“Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and touch it.”

The coin, which bears the words “unity in diversity,” was minted in Belgium and presented to the heads of G-8 delegations, Medvedev said.

The question of a supranational currency “concerns everyone now, even the mints,” Medvedev said. The test coin “means they’re getting ready. I think it’s a good sign that we understand how interdependent we are.”

Medvedev has repeatedly called for creating a mix of regional reserve currencies as part of the drive to address the global financial crisis, while questioning the U.S. dollar’s future as a global reserve currency. Russia’s proposals for the G-20 meeting in London in April included the creation of a supranational currency.

To contact the reporter on this story: Lyubov Pronina in L’Aquila, Italy at lpronina@bloomberg.net

Last Updated: July 10, 2009 10:23 EDT

10 posted on Friday, July 10, 2009 5:29:22 PM by Captain Beyond (The Hammer of the gods! (Just a cool line from a Led Zep song))
[ Post Reply | Private Reply | To 8 | View Replies | Report Abuse]

[freedom9]

Under righteousness, a world currency and government has merit.

But under present circumstance that concept only serves the wicked.

Pro 1:14 Cast in thy lot among us; let us all have one purse:

[SkyDancer]

Scary - on the road to one world government ...

[Travis McGee]

Who will run the Global Reserve Bank?

[cameraeye]

Not until “In God We Trust” is stamped on it, we should never consider this coin.

[datura]

“They” have no trust in God. That is exactly what is wrong with them all.

[Daffynition]

Same article I linked to .........as per regs and all that.....didn't post it. Breitbart:

Even if Russia's call for a global currency failed to gain much traction at a G8 summit, President Dmitry Medvedev took home a coin meant to symbolize that the dream may one day come true.

The Russian leader proudly displayed the coin, which bears the English words "United Future World Currency", to journalists after the summit wrapped up in the quake-hit Italian town of L'Aquila.

Medvedev said that although the coin, which resembled a euro and featured the image of five leaves, was just a gift given to leaders it showed that people were beginning to think seriously about a new global currency.

"In all likelihood something similar could appear and it could be held in your hand and used as a means of payment," he told reporters. "This is the international currency."

Russia, along with China, has been a vocal proponent of diversifying the global currency system away from the dollar, which has dominated global finance and commerce since the end of World War II.

French President Nicolas Sarkozy at the summit joined the band in favour of dumping the dollar as the international currency of reference, insisting that "we cannot stick with just one single currency."

Russian President Dmitry Medvedev holds up an 'worldwide coin' as he discusses the concept of an international currency during the Group of Eight (G8) summit in L'Aquila, central Italy.

Not sure if Medvedev propping up the coin was before or after they were propping him up.

[Daffynition]

Funny you should ask.

[Travis McGee]

Ah yes, that old “philanthropist” George Soros.

[GreenLanternCorps]

I doubt this will ever see the light of day. The European Union cannot get all it’s members to accept the Euro, and the Euro may not survive this recession. Indeed, the German public really wants the Deutsche Mark back and much of the southern EU is suffering under policies designed to keep the Germans happy, which means they might bolt. When the dam breaks, the Euro will collapse rapidly.

Even if they were to try it, there would be no chance of the US signing on to it. It would be less popular than the metric system... The dollar isn’t going anywhere, and neither is the Pound, the Yen, etc...

[Las Vegas Ron]

Not until “In God We Trust” is stamped on it, we should never consider this coin.

One world currency = Mark of the beast?

[restornu]

You think so?

Maybe for the short term, but in the long run look for the narrow gate and straight path!

Matt. 6: 19-20
19 ¶ Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal:

20 But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:

James 3
(Misery awaits the wanton rich—Await the Lord’s coming with patience)

1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.

2 Your riches are corrupted, and your garments are motheaten.

3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.

[The Duke]

I think it is a pure gold one-ounce coin. If so, I’d ditch the dollar in a heartbeat for that even if the new coin was re-designed with a picture of Michelle Obama’s fat arse on it.

From what I've been reading there are three ways to buy precious metals:

• Regular Coins - The value of the metal in the coin is not nearly the face value. As a result the value of the coin is closely bound to the value of the underlying currency.

• Coins with nuministic value (collectibles) - During good times these are the best investments, but not due to the metal content. However, even during good times they may not be easy to sell.

• Bullion - This is a raw commodity, like any other commodity, and the best metal investment during tough times.

I would greatly appreciate any other perspectives on this subject from those who know more than me.

Also, my own research suggests that silver bullion is a better investment than gold bullion (and has been in recent history). It requires much more space to store, however it's also easier to divide into weights corresponding to daily purchases.

[Chode]

backed by who/what???

[paulycy]

They ought to put “Esperanza” on it;

I think you mean "Esperanto." Esperanza means "hope" in Spanish. We don't need a global "hope and change" currency... :0)

[Daffynition]

With the dollar in such decline, suppose China converts to a gold standard ...we’d be toast. They own so much of us now.

[HardStarboard]

Even if the price is $15,000/ounce for dollars and 500/ounce for Euros and Renminbi - as it is sure to be.

.....and Obama would agree to it. Its called “redistribution of wealth” don’t you know.

[HardStarboard]

I like the Canadian Maple leaf. It's the purest @.9999 and one ounce so it's easily discernible what its value is. It is also more easily recognizable by US citizens who might be leary of Krugerands, or Koalas.

[martin_fierro]

You think so?

R e l a x , Captain Literal.

It's an old joke around here.

Apparently an inside joke.

[HardStarboard]

>>>Not until “In God We Trust” is stamped on it, we should never consider this coin.<<<

Put your trust in God, not in a coin, or paper, with "In God We Trust" stamped on it.

However, for monetary value you trust, trust gold coins!

[kcar]

1) Many people swear by those pre-1964 90% silver coins and buy them by the bagful.

2) Minted coins - ostensibly for collectible value but are also more easily trade-able. Silver or gold eagles or coins from various countries.

3) Bullion - silver 1000 oz bars have little premium over the spot price. Smaller denominations do, in either case you would want to get the bullion from a recognized mint.

Silver has been money for longer than gold has been money. It follows the gold market usually pretty well. Last Nov-Dec-08 gold began rising and silver didn't immediately follow. I think it has been correcting that gap recently.

Precious metals ought to be in everyone's asset mix - at least 10-20%. Since Obama is spending and inflating more PMs should be accumulated defensively.

With powerful worldwide parties looking to diversify out of the dollar, the idea of a gold based one seems to me to make the most sense. On the other hand the notion that a few other fiat currencies can be strapped together and weighted as a bundle of alternative fiat currencies is just a useless idea. We trade off one governments incredulous fiat currency performance for a basket comprised by other incredible central bankers with their political agendas. That would be sick. Only a hard-currency backing will work for replacing the dollar.

[SatinDoll]

Oh! [head slap] You’re so-o-o-o right!

It must be old age.

[SatinDoll]

“I think you mean “Esperanto.” “

Oh-h! [head slap] You’re so-o-o-o right!

It must be old age.

[The Duke]

Hi Guys,

Thanks for the excellent replies regarding precious metals.
I’m sure others will also benefit from your contributions. :)

[The Duke]

We trade off one governments incredulous fiat currency performance for a basket comprised by other incredible central bankers with their political agendas. That would be sick.

That's exactly how I see it. For me money is starting to seem more of a convenience factor for exchange, but not as a store of value. In fact, the practice of bundling fiat currencies seems to me about as sensible as bundling bad mortgages.

[NoObamaFightForConservatives]

Obama is signing us up in final contracts phase as I type this.