Are you ready for a world currency? If the United Nations has anything to say about it, that is exactly what we are all going to have shoved down our throats. A new United Nations report essentially declares war on the U.S. dollar and publicly calls on the nations of the world to abandon it as the global reserve currency. This new report entitled “The U.N. World Economic and Social Survey 2010” is one of the most blatant attempts yet that we have seen from a major international organization to move us in the direction of a world currency. For years it was denial after denial after denial that a global currency was being considered.
Of course we knew all along by reading their policy papers that the eventual goal of the globalists was indeed to move us over to a global currency. Finally, in just the past year, the International Monetary Fund’s special drawing rights (SDRs) were promoted by the G20 as “an international reserve asset” that could be used as a unit of payment for IMF loans. SDRs are currently made up of a basket of various currencies from around the world, but now there are much bigger plans for the SDRs.
Special drawing rights (SDRs) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). Not a currency, SDRs instead represent a claim to currency held by IMF member countries for which they may be exchanged. As they can only be exchanged for euros, Japanese yen, pounds sterling, or US dollars, SDRs may actually represent a potential claim on IMF member countries’ nongold foreign exchange reserve assets, which are usually held in those currencies. While they may appear to have a far more important part to play, or, perhaps, an important future role, being the unit of account for the IMF has long been the main function of the SDR.
Created in 1969 to supplement a shortfall of preferred foreign exchange reserve assets, namely gold and the US dollar, the SDR’s value is defined by a weighted currency basket of four major currencies: the Euro, the US dollar, the British pound, and the Japanese yen. SDRs are denoted with the ISO 4217 currency code XDR.
SDRs are allocated to countries by the IMF. Private parties do not hold or use them. As of March 2011, the amount of SDRs in existence is around XDR 238.3 billion, but this figure is expected to rise to XDR 476.8 billion by 2013
According to the new U.N. report, the U.S. dollar should be abandoned in favor of a new world currency based on these SDRs….
“A new global reserve system could be created, one that no longer relies on the United States dollar as the single major reserve currency.”
|1981–1985||0.540 (42%)||0.460 (19%)||0.740 (13%)||34.0 (13%)||0.0710 (13%)|
|1986–1990||0.452 (42%)||0.527 (19%)||1.020 (12%)||33.4 (15%)||0.0893 (12%)|
|1991–1995||0.572 (40%)||0.453 (21%)||0.800 (11%)||31.8 (17%)||0.0812 (11%)|
|1996–1998||0.582 (39%)||0.446 (21%)||0.813 (11%)||27.2 (18%)||0.1050 (11%)|
|1999–2000||0.5820 (39%)||0.2280 (21%)||0.1239 (11%)||27.2 (18%)||0.1050 (11%)|
|= 0.3519 (32%)|
|2001–2005||0.5770 (44%)||0.4260 (31%)||21.0 (14%)||0.0984 (11%)|
|2006–2010||0.6320 (44%)||0.4100 (34%)||18.4 (11%)||0.0903 (11%)|
|2011–2015||0.6600 (41.9%)||0.4230 (37.4%)||12.1000 (9.4%)||0.1110 (11.3%)|
So why abandon the U.S. dollar? Well, the U.N. report says that we must abandon it because it has not been “stable” enough….
“The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency.”
But of course it has not been stable!
It is the very same globalists that are pushing for this new world currency that have been behind the destruction of not only the U.S. dollar but all paper currencies around the world.
In fact, there are many who are speculating that the recession that the world economy is now being “pushed” into is actually a contrived crisis which is designed to pave the way for the grand solution that the globalists have wanted all along.
So exactly what is that grand solution?
During a speech back in May, IMF chief Dominique Strauss-Kahn called for the introduction of a global currency backed by a global central bank which would act as the “lender of last resort” in the event of a severe economic crisis.
That is what the globalists have always wanted – a global currency and a global central bank that we all pay taxes to.
Right now the world is not likely to go for it, but if the upcoming recession (or depression) is deep enough, then the would might just be willing to accept a global currency and a global central bank.
You see, it is the exact same problem/reaction/solution paradigm that the globalists have used time after time after time to get their way.
*The World Health Organization recently announced that it is ready to impose global taxes on all of us. The World Health Organization says that it needs a lot more money and that it has some creative ideas for how to get it. Two of their main ideas for “raising revenue” are a global tax on Internet use and a global tax on paying bills online. These taxes would go directly to the World Health Organization.
*The IMF is actually calling for two new global taxes. One would be an international deposit insurance tax, and the other would be a tax on the profits of financial institutions worldwide. The IMF says that the funds would be used by them to prevent another major financial crisis.
So are you ready for a world currency and a world central bank that you will pay your world taxes to?
Malaysian economist Jomo Kwame Sundaram, the U.N. assistant secretary general for economic development, admitted during a news conference that “there’s going to be resistance” to the idea of a world currency.
Oh, did they expect that we were just going to hand over our national sovereignty to them without any resistance whatsoever?
It is bad enough to have the Federal Reserve (a privately-owned central bank controlled by international bankers) controlling our currency right now.
If we ever allow the globalists to institute a global currency, a global central bank and global taxes then you can kiss our freedom and our national sovereignty goodbye.
But do you see any coverage of this on any of the big news channels?
Of course not.
The vast majority of the people have no idea this is going on.
They are too busy catching up on the latest celebrity gossip and lining up to watch the new “Twilight” movie.
We must get the word out about the plan for a global currency and a global central bank before it is too late.