Posted on 06/27/2009 10:55:03 AM PDT by FromLori
China's central bank has reiterated its call for a new reserve currency to replace the US dollar. The report from the People's Bank of China (PBOC) said a "super-sovereign" currency should take its place. Central bank chief Zhou Xiaochuan has loudly led calls for the dollar to be replaced during the financial crisis. The bank report called for more regulation of the countries that issue currencies that underpin the global financial system. "An international monetary system dominated by a single sovereign currency has intensified the concentration of risk and the spread of the crisis," the Chinese central bank said. The dollar fell after the report was released. The US currency dropped 1% against the euro to $1.4088, and declined 0.8% versus the British pound to $1.6848. SDRs Mr Zhou caused a stir earlier this year when he said the dollar could eventually be replaced as the world's main reserve currency by the Special Drawing Right (SDR), which was created as a unit of account by the IMF in 1969.
(Excerpt) Read more at news.bbc.co.uk ...
One currency followed by One government.
Thats the plan!
Followed by a one world leader and a one world religion. Followed by...
a) The image of the beast.
b) The mark of the beast.
c) The death of the beast by the word of God (Jesus Christ)
It’s a matter of time, as far as the U.S. Dollar getting replaced as a world-reserve currency. And when that happens, look for the *decline* of the U.S. to accelerate and for this country to go into oblivion... (just with the debt alone that we’ll be carrying, to say nothing of all the other problems that we’ve brought on ourselves).
We’re done for, I think... except for one thing (but I don’t think people in this country will listen to this, so we’re done for — for sure...).
—
I’ve also posted the following... before...
Now, God is a forgiving God, though, and if we *do listen* to an example of a previous President, this nation *may* find some grace from our Creator God, the God of Abraham, Isaac and Jacob.
BUT, without the requisite repentance, don’t expect the grace of God upon this nation (although as individuals, we do live in God’s grace on our personal lives, in accepting the salvation offered by Him, through faith in Jesus, the Messiah of Israel...)
To see *how far the U.S. has fallen* — from God and His righeousness..., just look at what Abraham Lincoln wrote...
The following is a “national repentence” thread.
Abraham Lincoln’s Word to the United States Today
http://www.freerepublic.com/focus/f-news/2232720/posts
[ —This is Lincoln’s original proclamation, with only *four words* changed in *one phrase* (only)... The rest is the exact same proclamation, except for the dates adjusted, and that’s all (and the note at the very bottom of the proclamation, the very last line...) — ]
A Proclamation.
Whereas, the Senate of the United States, devoutly recognizing the Supreme Authority and just Government of Almighty God, in all the affairs of men and of nations, has, by a resolution, requested the President to designate and set apart a day for National prayer and humiliation.
And whereas it is the duty of nations as well as of men, to own their dependence upon the overruling power of God, to confess their sins and transgressions, in humble sorrow, yet with assured hope that genuine repentance will lead to mercy and pardon; and to recognize the sublime truth, announced in the Holy Scriptures and proven by all history, that those nations only are blessed whose God is the Lord.
And, insomuch as we know that, by His divine law, nations like individuals are subjected to punishments and chastisements in this world, may we not justly fear that the awful calamity of economic and national collapse, which now desolates the land, may be but a punishment, inflicted upon us, for our presumptuous sins, to the needful end of our national reformation as a whole People? We have been the recipients of the choicest bounties of Heaven. We have been preserved, these many years, in peace and prosperity. We have grown in numbers, wealth and power, as no other nation has ever grown. But we have forgotten God. We have forgotten the gracious hand which preserved us in peace, and multiplied and enriched and strengthened us; and we have vainly imagined, in the deceitfulness of our hearts, that all these blessings were produced by some superior wisdom and virtue of our own. Intoxicated with unbroken success, we have become too self-sufficient to feel the necessity of redeeming and preserving grace, too proud to pray to the God that made us!
It behooves us then, to humble ourselves before the offended Power, to confess our national sins, and to pray for clemency and forgiveness.
Now, therefore, in compliance with the request, and fully concurring in the views of the Senate, I do, by this my proclamation, designate and set apart Thursday, the 30th. day of July, 2009, as a day of national humiliation, fasting and prayer. And I do hereby request all the People to abstain, on that day, from their ordinary secular pursuits, and to unite, at their several places of public worship and their respective homes, in keeping the day holy to the Lord, and devoted to the humble discharge of the religious duties proper to that solemn occasion.
All this being done, in sincerity and truth, let us then rest humbly in the hope authorized by the Divine teachings, that the united cry of the Nation will be heard on high, and answered with blessings, no less than the pardon of our national sins, and the restoration of our now divided and suffering Country, to its former happy condition of unity and peace.
In witness whereof, I have hereunto set my hand and caused the seal of the United States to be affixed.
Done at the City of Washington, this 12th day of April, in the year of our Lord two thousand and nine, and of the Independence of the United States the two hundred and thirty second.
By the President: Abraham Lincoln
Sent by the Word of the God of Abraham, Isaac and Jacob
NOW..., as to whether the U.S. and its people *will do this* — that’s another question. I seriously doubt it — so I think the judgment of God will *stay in place* and the U.S. is going down...
The dollar is toast.
If they don’t want the dollar, then don’t buy it.
The U. S. Still carries the big stick. IE we keep the sea lanes open and pay for the upkeep of the entire Free World. Is China ready to spend its new found wealth on the minutia of World Police. They still can not feed there own people. Until there is a legitimate successor to the U.S. Navy and armed forces. They will continue to accept the dollar or they will accept the consequences.
Do you think China cares if we withdraw our troops from all the areas we're "policing"? What does all of our policing do for them? For that matter, what does it do for us?
Nations in economic decline can't make up for it with military power -- not for long. We're writing checks we can't cover.
Yeah, with what, your little commie trinket? The Red Yuan?
China has real problems. The least of which is the $2 trillion in U.S. Bonds that they hold.
They have a problem with the fact that they may grow too old as asociety before they become rich. The one child policy has given them tens of millions more men than woman, and an increasingly aging society in a 2nd and mostly 3rd world country.
Much like the eighties when the fear of Japan taking over the economic world were unfounded, China, Though a problem for the U.S. is considerably more of a problem for itself.
The U. S. simply has to survive the stupidity of the present administration. If spending can be reigned in and programs reworked. The U.S. should continue to be the dominant power in the future. It is still the case that when the U.S. gets a cold, the rest of the world gets Pnemonia.
Right now we have a mild case of Obama/em Pneumonia. Much of the rest of the world has a massive case of toxic shock.
Believe me, I want you to be right.
Personally, as a Christian, I believe the world will continue to become more civilized right up till the rapture as the gospel spreads. It has continued to become more civilized since the time of Christ. However, after the rapture, I believe a secular run world will have a period of false peace for 3 1/2 years and then will descend into choas for the 3 1/2 years after that. Until then, I'm very optimistic about the future of the world.
Seriously, that’s nice. I’m glad you are optimistic. We need more optimists.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.