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

DailyPaul ^ | July 10 2009 | Lyubov Pronina

[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))
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[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.