New Global Currency to replace US$ ?

[Maureen]

..part of a news article this morning – msn internet news.
Just as predicted!! UN proposes new global currency reserve
We have heard rumours of this previously in our part of the world.
Sure I've been given information that new currency is already being minted.
What's the street talk about this over in USA? Anyone know?

28/03/2009 6:29:01 AM
A United Nations panel of economists has proposed a new global currency reserve that would take over the US dollar-based system used for decades by international banks.
The proposal comes on the heels of the controversial call by China's central bank governor, Zhou Xiaochuan, to create a new world currency reserve to replace the US dollar as part of a sweeping overhaul of global finance, which is suffering its worst crisis since the Great Depression of the 1930s.

[Maureen]

G20 IMF SDRs as "world currency";
Financial crisis no accident; real version of Communism


This, I believe, is a letter to the Editor of one of Americas newspapers. Don’t know which, or whether it was published. Please note: all of the comments are unaltered and from someone I don’t know. Some ‘emotional’ and not necessarily opinions shared by me. It’s just so darned interesting to read his ideas about communism. Date: 09.04.2009 01:51 PM

In regards to your recent article, specifically the G20 summit at the creation of a "World Currency", almost 2 weeks ago (prior to the G20 summit) I mentioned/theorized in an email the concept of Dialectical Materialism and how it explains history in regards to thesis (capitalism) vs. anti-thesis (communism). The synthesis of course is "international finance" or international capitalism, which controls both.

While history class and history books talk endlessly about these two opposing forces, it is an incredible shame they don't mention both were spawned, controlled and have always been at the heart of "international finance" i.e. banks and central banks.

In my email I specifically mentioned the "Global financial crisis" was no accident, but on the contrary, was created entirely on purpose, for a very specific reason. I also predicted that the solutuion to the problem will be, as usual, a denounciation of nationalism, and a strengthening of internationalism. This has certainly been the case.

No crystal ball was needed -- just an understanding of history and the underlying theme to why this "crisis" was created.

The purpose, of course, is to create a "global" problem which then can only be solved by a "global" solution. The problem was put forth in the form of "lack of international regulation" (US risk -- mortgages, debt, credit default swaps, derivatives, etc. -- was spread worldwide as capital controls have been all but removed, as the Glass-Segall act was removed, as the "free-flight" of capital and the "free-flow" movement of international finance was allowed to cross borders with almost no over-sight what-so-ever) .

This is what amounted to the clusterfuck that collapsed banks worldwide. It was no "oops!" -- it was a "let's now move to stage 2"

As wierd as it sounds, and as strange as it may be, International Capitalism (aka. Globalization) is in fact Communism. Try telling that to your history professor.

The real version of Communism is not Mao's China and Stalin's Russia --- since those are nationalistic versions. The real version of Communism is America and the West. The real version is Internationalism, that which seeks to deny the nation state. A classless, borderless world society. Real communism is worldwide. Mao and Stalin had no intent on a worldwide revolution. Nationalism is the enemy. Ethnic groups and ethnic solidarity is the enemy. China is the enemy. Inter-racial mixing is good (thank you Hollywood). Homosexuality is good as it leads to the decline of the family, which is also a prime objective of Communism. Feminism, created, spawned and financed by Jewish Communists like Betty Friedman and the CPUSA in America, is another example; it aims to weaken the patriorchial family unit thus making the "individual" reliant upon the state, not reliant upon the family itself.

All of these intricicies of communism developed in America and the West, not in Stalinist Russia, nore Mao's China, nore Castro's Cuba.

For those of you who understand anything about history, real Communism is what was envisioned by Marx, Lenin and Trotsky -- history's famous "internationalists". Those "nationalists" such as Stalin, Mao and Castro were always condemened in America and the West.

Internationalism and "Globalization" is the child of America and the West. When the Jewish delegation was sent from USA to Moscow after WW2 with a paper entitled "The Baruch Plan for World Government" this was vehemently rejected by Stalin, but this would have been vigorously accepted by the Jewish-internationa list-communist Trotsky, who failed to usurp power from Lenin, who was financed by Wallstreet.

But as for Internationalism, this has been the military, political, economic and financial policy of the West, led by America, for the better part of the last century. In contemporary terms, it is called Globalization.

This is why "intenational finance" and the inter-connected financial trade of the entire world (in the U.S. dollar) is so heavily promoted, and why protectionism, which is nationalistic, is so heavily criticized.

This is why the better part of the last 50 years has seen the U.S. and the West use political, economic, financial and then military means to force the integration of world economies, to eradicate nationalism, and to spread Globalization worldwide. Perkin's in "Confessions of an economic hitman" explained this scenario in detail. The assassination of national economies was the primary focus of America and the West -- those who did not conform were encouraged to enter "globalization" first through political pressure, then economic, financial and trade pressure, then the C.I.A. and company, covertly (i.e. Iran) and finally, all else failing (Iraq) the military is used. If you recall, Iraq was no threat, but the main threat was Saddam's decision/intent to stop trading oil in the U.S. dollar. Iran, likewise a harmless, isolationist and pacifist nation, has the same ideas. This is why they are a threat.

In any event, the continued integration of world economies was inevitable they told us. The end product was incredibly obvious: by doing so, the West was creating a scenario whereby a collapse in one economy (i.e. the U.S.) would by the dominio effect create a collapse on the inter-connected economy as a whole, creating a "Global" problem and thus bringing about the "Global" solution you are witnessing today.

In regards to the article and the G20 summit, the IMF (located in Washington D.C. just down the street from the Whitehouse) is now basically turned into the IMF on steroids.

As the title of the article describes:

"The G20 moves the world a step closer to a global currency; The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity."

In this regard, montetary policy, which for centuries had been controlled by the sovreignty of nations, will be in the coming years reduced to an "international" power.

Likewise, trading, regulation of trade, economic and financial policy, as well as creation of credit and therefore money itself, almost all of which had been previously done by nations, will slowly become more and more controlled by "international" institutions such as the IMF and the secretive BIS (Bank of International Settlments) which is located in Basle, Switzerland.

While 2009 will be remembered as the "crash" 2010 will be remembered as the collapse. Out of the ruins will almost indefinately emerge a world governining body. All signs are pointing to this as such an institution can only be the solution (and as such will be presented in such a way) to the problem that humanity has found itself in -- or should I say, that an international elite has forced humanity into.

[Frank McLaughlin]

I don't know who wrote this article, but this is utter nonsense. One dumb statement after another in a long string. Who makes this stuff up?

[Murray Stentiford]

This video has been around for a while.

Hal Turner's story doesn't stack up too well, as you can see by looking at www.snopes.com/politics/business/amerocoin.asp. Here's an extract from that page:-

.... Designs Computed www.designscomputed.com thought to add to its catalogue of commemorative coins, medals, and tokens a suite of Ameros, www.designscomputed.com/coins/amero.html, a series of collectible coins struck from its concept of what coinage for such a currency might look like. Designs Computed is very clear on its web site that its Ameros are in fact "private-issue fantasy pattern coins [that] will be struck as an annual series," and indeed is already offering some of them for sale www.dc-coin.com/index.asp?PageAction=VIEWCATS&Category=8. Neither the U.S. Mint nor the U.S. Treasury had a hand in creating these "Ameros." These coins are merely collectibles offered to the buying public by a private company in the business of manufacturing such curiosities.

On 31 August 2007, radio host Hal Turner http://en.wikipedia.org/wiki/Hal_Turner used images of the Amero tokens offered by Designs Computed as the basis for propagating a patently false tale about his having been given a "real" Amero coin on the sly by an anonymous Treasury agent, and that the existence of said coin was "proof" that the USA, Canada, and Mexico were "to be merged into a single new entity" known as the North American Union.

----- End of Quote -----

Murray

[Janeth]

The evidence presented flatly contradict "The 'signs of the times' corroborate Hal Turner, and flatly contradict his detractors."

[Murray Stentiford]

Greetings
Regarding your thoughts:
"the only people who know what is happening with global currency are buying gold,
in the near future all currency will be worthless" and "if people studied economics with more earnest they would realize that all currency is based on specualtion".

I agree that the present major currencies will become worthless. However, new ways of mediating exchange, such as community currencies and complementary currencies, are very different and are destined to grow rapidly, I believe, as the old system cracks and falls apart. They are decidedly not based on speculation.

If you haven't already done so, I suggest you have a look at the links I gave in an earlier message in this thread. There's more information from a different perspective on www.reinventingmoney.com, too, including how the new currencies are flourishing in Argentina and making a positive difference.

These new ways are set to transform the nature of money, cleansing it of many of its oppressive, degrading aspects, and allowing it to be a purer means of exchanging the energy of human value. Less negative karma embedded in the stream, and less potential to generate negative karma.

Best wishes
Murray

[Maureen]

Finally, an Anciently Wise but periodically reviving 'solution' being promoted and even practiced for 60yrs in some country or other that is definitely worth promoting. It was a radio interview on our National Radio and can be accessed for replay for 1 month on this link. www.radionz.co.nz/saturday

Well worth the listen as is reading Greco's site. Details below. The interviewer asked tricky questions we might all have and got credible answers. I think we, in NZ, are very well informed about the wider world because we are such a small country with little local news to dwell on. I hope I haven't created alot of anguish for you people over this suggestion that US$ is soon to be made worthless. If, like me, you haven't got a whole lot of money to worry about :) you might still appreciate this Greco link as a jolly sensible idea anyway.

11 April 2009 9:05 Thomas Greco
Thomas H. Greco, Jr, a former engineer, entrepreneur, and college professor, is an advisor and speaker on money and community currencies.
His books include Money: Understanding and Creating Alternatives to Legal Tender (Chelsea Green Publishing, ISBN: 1-890132-37-3), and upcoming title, The End of Money and the Future of Civilization. He is a guest speaker at the Community Currencies Conference 2009 from 17 to 19 April at the Quaker Settlement, Wanganui.
http://reinventingmoney.com

[Maureen]

The whole monetary system today is corrupt when considered from Spiritual Traditions at their purest.
Not only Muslim, but Jewish and Christian Traditions have at their roots of teaching a more honest approach according to the radio interview with the man called Greco. I have a buried deep remembrance in my brain that tells me there is also a rule about money in the Old Testament Bible that wipes all debt every 7 years. I think I once heard a speaker talking about Biblical rules around money.

Somehow we've created a world where it's virtually impossible to live without an income to pay taxes and things, unless one chooses to be a street person and simply survives. It's all wrong...all wrong. Something radically wrong when you can't live properly without alot of money for taxes. Whose world is it anyway? People's or Politicians? (Yes...I just got a tax bill) :)

[Nabil Naser]

While I wish that there was a unified word currency, I worry about the extreme instability that it will initially cause.

It could mean a steep fall of the value of the dollar, and cause great hardships for all Americans and others who own and deal with dollars
Issues of national debt must be resolved before any serious consideration of the subject