Keyword: globalcurrency

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  • Here's What's Behind The Collapse Of The Japanese Yen — The Biggest Economic Story In The World

    12/27/2012 7:52:42 PM PST · by blam · 28 replies
    TBI ^ | 12-27-2012 | Joe Weisenthal
    Here's What's Behind The Collapse Of The Japanese Yen — The Biggest Economic Story In The World Joe WeisenthalDec. 27, 2012, 7:26 PM Earlier we joked that lost in all of the Fiscal Cliff shuffle was the fact that the yen has been getting clobbered. SocGen's FX guru Kit Juckes jokingly responded that far from getting "lost" the yen carnage was actually the only game in town. Indeed this is really the huge story in global markets right now. In addition to being a major shift in one of the world's biggest and strongest currencies, it affects all sorts of...
  • US backing for world currency stuns markets [Flashback to 3/11/09]

    03/13/2011 12:46:12 PM PDT · by wolfcreek · 47 replies
    themicroeffect.com ^ | 3.11.2011 | n/a
    US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.
  • Pay Attention, This Was A Huge Week For The Yuan Becoming A Global Currency

    01/16/2011 4:21:57 PM PST · by Dubya-M-DeesWent2SyriaStupid! · 30 replies
    businessinsider.com ^ | Jan. 16, 2011, 4:35 PM | Joe Weisenthal
    The big message in Hu Jintao's interview with the WSJ is that China is ready for the yuan to play a larger role in the global economy. But the interview just caps what was already a big week for the Chinese currency. For example, China said for the first time that it will low foreign investors to participate in yuan-denominated private equity vehicles.
  • Debate on new reserve currency gathers steam

    11/15/2010 1:33:54 PM PST · by FromLori · 16 replies
    Korea Herald ^ | 11/14/10 | Cynthia Kim
    International debate over reshaping the international monetary system is expected to speed up following last week’s Group of 20 summit. At the two-day meeting, France, Brazil, China and other members questioned the legitimacy of the U.S. dollar as the world’s dominant reserve currency and called for efforts to upgrade the half-century old order to be relevant to the new era. The French-led initiative gained momentum, especially from the impact of the recently announced U.S. plan to pump $600 billion into the market, which invited angry reactions from the G20 members. France, China and Brazil were at the forefront of the...
  • Fed to Spend $600 Billion More To Help Boost US Economy (How low will the dollar go)

    11/03/2010 1:10:06 PM PDT · by Hojczyk · 148 replies · 1+ views
    The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.
  • IMF Report Promotes World Currency

    08/29/2010 8:32:34 PM PDT · by Lorianne · 9 replies
    New American ^ | 10 August 2010 | Alex Newman
    An April report from the International Monetary Fund promoting a world central bank and a global fiat currency went totally undetected by the global press for months, but after a blog post earlier this month on the Financial Times’ website, it is now in the media spotlight. As the effects of the economic crisis continue to pile up, increasingly significant calls for a global monetary system administered by some world authority have been issued by world leaders, the United Nations, the media, and numerous economists. But the IMF report, entitled “Reserve Accumulation and International Monetary Stability,” offers very specific proposals...
  • U.S. stocks tumble as jobs data disappoint, euro slides (Close 9931)

    06/04/2010 1:04:15 PM PDT · by markomalley · 75 replies · 2,553+ views
    MarketWatch ^ | 6/4/2010 | Donna Kardos Yesalavich & Kristina Peterson
    NEW YORK (MarketWatch) -- U.S. stocks sank broadly Friday, pushing the Dow Jones Industrial Average well below the 10,000 level following a weaker-than-expected job report and renewed worries about euro-zone debt. Major stock indexes are also on pace to close out the first week of June solidly in the red, despite a big rally on Wednesday and slight gains on Thursday. The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 9,934, -321.27, -3.13%) was down 327 points, or 3.2%, to 9,927, in recent trading, as investors expressed their concern with the government's May nonfarm payrolls report.
  • Head of IMF Proposes New Reserve Currency

    02/26/2010 5:30:40 PM PST · by FromLori · 9 replies · 662+ views
    ominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar. "That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now," he said in a speech on the future mandate of the 186-nation Washington-based lending organization. Strauss-Kahn said such an asset could be similar to but distinctly different from the IMF's special drawing rights, or SDRs, the accounting unit that countries use to hold...
  • Do we need a new reserve currency?

    12/27/2009 8:05:43 PM PST · by FromLori · 29 replies · 1,235+ views
    Emirates Business ^ | 12/27/09 | By Insead Knowledge
    A new global currency should replace the US dollar as the international reserve currency, as the long-term deterioration of America's economy and the greenback is fuelling a "currency-regime crisis", says Martin Wolf, associate editor and chief economics commentator of the Financial Times. Wolf, who has honorary doctorates from three universities, bases his argument in part on the Triffin dilemma, an economic paradox named after economist Robert Triffin. The paradox shows that the US dollar's role as a global reserve currency leads to a conflict between US national monetary policy and global monetary policy. It also points to fundamental imbalances in...
  • UN to produce bullion coins as world currency

    12/23/2009 11:55:06 PM PST · by FromLori · 25 replies · 1,638+ views
    Examiner ^ | 12/15/09 | Dwight Jones
    The announcement by the United Nations this week that it will license the minting of silver and gold bullion coins bearing the UN logo may be the button that launches metal prices into orbit. In its wide-ranging report this fall, the UN Conference on Trade and Development (UNCTAD) stated that the system of currencies and international banking practices within today’s economies were inadequate, and responsible for the present economic crisis. The report advocates that the present monetary system, wherein the dollar acts as the global reserve currency be re-examined “with urgency”. The UNCTAD Report was the first time a major...
  • There'll be nowhere to run from the new world government

    12/20/2009 3:47:41 PM PST · by 2ndDivisionVet · 109 replies · 2,826+ views
    The London Telegraph ^ | December 19, 2009 | Janet Daley
    There is scope for debate – and innumerable newspaper quizzes – about who was the most influential public figure of the year, or which the most significant event. But there can be little doubt which word won the prize for most important adjective. 2009 was the year in which "global" swept the rest of the political lexicon into obscurity. There were "global crises" and "global challenges", the only possible resolution to which lay in "global solutions" necessitating "global agreements". Gordon Brown actually suggested something called a "global alliance" in response to climate change. (Would this be an alliance against the...
  • Pelosi Endorses ‘Global’ Tax on Stocks, Bonds, and other Financial Transactions

    12/07/2009 9:47:12 AM PST · by BradtotheBone · 71 replies · 3,133+ views
    CNSNews.Com ^ | December 07, 2009 | Matt Cover
    (CNSNews.com) – House Speaker Nancy Pelosi (D-Calif.) endorsed the idea of a “global” tax on stock trades and other financial transactions, saying the estimated $150 billion in annual revenue from such a tax could be used to help fund more stimulus spending. At her weekly press briefing on Thursday, Pelosi said the financial transactions tax (HR4191) currently before Congress would have to be made “global” to keep U.S. investors from taking their business overseas and out of taxable reach. The House speaker said that a transaction tax could be imposed in conjunction with congressional efforts to divert funds from the...
  • Copenhagen Treaty Will Destroy US Economy

    10/28/2009 9:50:10 AM PDT · by Dubya-M-DeesWent2SyriaStupid! · 23 replies · 1,534+ views
    examiner.com/ Charlotte-Nonpartisan-Examiner ^ | Octover 27, 2009 | Michael Wagner
    According to current documents the Copenhagen Treaty, if signed by President Obama in December, will ultimately make the U.S., along with other "developed nations", financially responsible for the CO2 emissions of "developing nations". Read the document here. "Recognizing that current and potential climate change impacts require a shift in the global investment patterns and that criteria for financing allocation shall clearly respond to the priorities identified by the international community, with climate change stabilization being one of these priorities." What does this mean? Essentially, the treaty would mandate that the U.S. and other developed nations share there wealth with developing...
  • Green world government: The U.N. uses environmentalism to seize control

    10/26/2009 8:13:53 PM PDT · by Abakumov · 23 replies · 1,214+ views
    The Washington Times ^ | October 27, 2009 | Editorial
    Environmental alarmism is being exploited to chip away at national sovereignty. The latest threat to American liberties may be found in the innocuous sounding Copenhagen Climate Treaty, which will be discussed at the United Nations climate-change conference in mid-December. ... Its executive arm is something called the Adaptation Fund Board, under which is the Copenhagen Climate Facility, also known as "the Facility." The Facility is necessary because in order to save the planet, "the way society is structured will need to change fundamentally." This change would be impossible under the "fragmented set of existing institutions," so the Facility will step...
  • Obama hits out at climate 'naysayers'

    10/23/2009 9:49:10 PM PDT · by Free ThinkerNY · 94 replies · 3,154+ views
    AFP ^ | Oct. 23, 2009
    US President Barack Obama on Friday hit out at naysayers he blamed for peddling "cynical" claims that global warming is a myth to derail a landmark climate change bill in Congress. Obama warned that the closer the Senate came to passing legislation which has already cleared the House of Representatives, the more opponents would resort to underhand tactics. "The naysayers, the folks who would pretend that this is not an issue, they are being marginalized," Obama warned in a speech at the Massachusetts Institute of Technology. "But I think it's important to understand that the closer we get, the harder...
  • Obama to surrender US sovereignty at UN global warming conference

    10/19/2009 1:23:16 AM PDT · by unspun · 109 replies · 5,734+ views
    examiner.com ^ | 10/19/2009 | James Simpson
    Not content with his humiliation at Copenhagen, Denmark this past September, President Obama will be traveling there again in December to attend the UN COP15 Climate Change Conference. This agreement would commit the United States to punitive and expensive greenhouse gas regulations dictated by the United Nations without recourse. COP stands for "Conference of the Parties" and the December Copenhagen conference will be the 15th under the United Nations Framework Convention on Climate Change (UNFCCC), hence COP15. According to their website, it will be one of the largest conferences ever held outside the New York or Geneva headquarters, with an...
  • Thatcher adviser: Copenhagen goal is 1-world government

    10/18/2009 1:01:05 AM PDT · by bogusname · 43 replies · 2,334+ views
    WND ^ | October 17, 2009 | Jerome R. Corsi
    A former science adviser to British Prime Minister Margaret Thatcher says the real purpose of the United Nations Climate Change Conference in Copenhagen on Dec. 7-18 is to use global warming hype as a pretext to lay the foundation for a one-world government. "At [the 2009 United Nations Climate Change Conference in] Copenhagen this December, weeks away, a treaty will be signed," Monkton told a Minnesota Free Market Institute audience on Thursday at Bethel University in St. Paul. "Your president will sign it. Most of the Third World countries will sign it, because they think they're going to get money...
  • UN calls for new reserve currency

    10/06/2009 10:32:16 AM PDT · by djf · 42 replies · 1,307+ views
    ISTANBUL — The United Nations called on Tuesday for a new global reserve currency to end dollar supremacy which has allowed the United States the "privilege" of building a huge trade deficit. "Important progress in managing imbalances can be made by reducing the reserve currency country?s 'privilege' to run external deficits in order to provide international liquidity," UN undersecretary-general for economic and social affairs, Sha Zukang, said.
  • G-8 leaders to receive symbolic gold coins (NWO Alert)

    07/08/2009 12:10:05 PM PDT · by ZombieSniper · 48 replies · 1,852+ views
    ROME – World leaders attending the Group of Eight summit opening Wednesday in Italy will each be presented with a gift from the past and one for the future. Handmade books portraying works by Neoclassical sculptor Antonio Canova, as well as gold coins representing an imaginary future world currency will be given to the participants at the opening of the three-day summit...
  • New World Order Global Currency Is Born

    07/01/2009 4:59:19 PM PDT · by FromLori · 10 replies · 474+ views
    Snake Tricks Fish to Swim Into Its Mouth More on that story below but it reminded me of tricking Americans into the obama deception of "hope and change". Watch this Celente video this is quite interesting he calls him obamageddon one of my pet nicknames for the resident. In the video he talks of the economic collapse and riots and food shortages and coincidentally speaking of food shortages... Now more on the New Global Currency Hat Tip Economic Policy Journal... An International Replacement for Treasury Notes Is Born Another major step in the demise of the dollar as the world's...
  • REPORT: Obama plan to zone oceans

    06/20/2009 5:38:43 AM PDT · by Dubya-M-DeesWent2SyriaStupid! · 76 replies · 2,474+ views
    wgbh.org ^ | June 18,2009 | wgbh.org
    SNIPWe'll get to all that. But first I want to mention a White House memorandum released last Friday to the heads of federal departments and agencies because it appears the Obama Administration wants to zone the oceans. The memo indicates that Obama is creating a task force that within 180 days will recommend "a framework for effective coastal and marine spatial planning." What's called The Interagency Ocean Policy Task Force will make recommendations to the president on protecting ocean and Great Lake resources as they experience "growing demands" from "renewable energy, shipping and aquaculture." "This framework," the memo reads, "should...
  • Russian President may push 'new world currency'...

    06/02/2009 10:40:25 AM PDT · by Dubya-M-DeesWent2SyriaStupid! · 61 replies · 1,566+ views
    Drudgereport .com Headline ^ | June 2, 2009 | Drudgereport .com
    Russian President may push 'new world currency'
  • The G20 moves the world a step closer to a global currency

    04/03/2009 8:29:34 PM PDT · by bruinbirdman · 30 replies · 1,007+ views
    The Telegraph ^ | 4/3/2009 | Ambrose Evans-Pritchard
    The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity. A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order. "We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity," it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century. In effect, the G20 leaders have activated the IMF's...
  • Protestors clash with police at anti-G20 demonstrations - 2nd Update

    04/01/2009 6:26:29 AM PDT · by TornadoAlley3 · 101 replies · 2,253+ views
    earthtimes.org ^ | 04/01/09 | DPA
    London - Angry protestors shouting "shame on you" and "storm the banks" clashed with police outside the Bank of England during anti-globalization demonstrations in London Wednesday. Some 4,000 demonstrators converged on the central bank in the City of London, where windows of banks and offices were smashed. Police said 11 people had been arrested by lunchtime and riot police had been deployed. At one point, several hundred demonstrators attempted to break through barriers to reach the heavily-guarded and boarded-up central bank building. Windows at the Royal Bank of Scotland, which has been a key target for critics during the banking...
  • VIDEO: Michele Bachmann and Glenn Beck Discuss Global Currency; "Conspiracy" Becoming a Reality!

    Rep. Michele Bachmann has been attacked recently in the media for her "conspiracy theory" about a proposed global currency. Last week, she proposed a bill in the U.S. House to protect the American dollar. She also destroyed tax cheat Tim Geithner last week while he testified on The Hill. Today, we learned that Russia and China are dead serious about creating such a global currency to replace the U.S. dollar as a reserve currency. Russia and China are coordinating proposals on a new global currency that could replace the US dollar as a reserve currency to prevent a repeat of...
  • UN panel touts new global currency reserve system

    03/26/2009 5:18:52 PM PDT · by Gordon Greene · 21 replies · 611+ views
    breitbart.com ^ | Mar 26 04:09 PM US/Eastern | Breitbart.com
    A UN panel of expert economists pressed Thursday for a new global currency reserve scheme to replace the volatile, dollar-based system and for coordinated steps by rich countries to stimulate their economies. "A new Global Reserve System -- what may be viewed as a greatly expanded SDR (Special Drawing Rights), with regular or cyclically adjusted emissions calibrated to the size of reserve accumulations, could contribute to global stability, economic strength and global equity," the panel said. As part of several recommendations to tackle the global financial crisis, the panel also noted recovery would require all developed countries, in the short...
  • Trilateral Plan to Corner World Gold Market?

    12/10/2008 7:11:22 AM PST · by Sammy67 · 33 replies · 1,170+ views
    AugustReview.com [Editor's note: members of the Trilateral Commission and companies with Commission representation appear in bold type.] Since 1973, this writer has made inquiry as to the location and ownership of the vast stores of monetary gold (400 oz., .999 pure bars) in the world. There has not been a formal audit on Fort Knox, for instance, since the Eisenhower administration. Official statistics on gold holdings are often contradictory. Getting plain answers from any Central Bank in the world, including the Fed, is virtually impossible. This paper points out a pattern of manipulation that has been clearly observed by many...
  • Calling for a Global Currency

    11/09/2005 6:09:27 PM PST · by Seizure · 52 replies · 1,104+ views
    WorldNetDaily ^ | July 1, 2005 | Joan Veon
    "A new mechanism was needed for the world financial system" and that "in a globalized world we should have a global currency". Paul Volker Former U.S. Federal Reserve Chairman
  • The world needs a single global currency

    05/01/2004 1:51:09 AM PDT · by sarcasm · 63 replies · 437+ views
    Union Leader ^ | May 1, 2004 | MORRISON BONPASSE
    Taking a cue from the successful implementation of the euro and the growing interest in other regional common currencies, the world should proceed to the next level of currency consolidation: a single global currency, to be managed by an international central bank. Such a single global currency would eliminate worldwide currency trading costs, eliminate currency-related investment risks and eliminate Balance of Payments problems for all countries. The Single Global Currency will be good for New Hampshire and good for the world. The euro’s implementation has facilitated trade among European countries but its value against the dollar and other currencies has...