Goodbye U.S. dollar, hello global currency

[imfree]

THE NEW WORLD DISORDER
Goodbye U.S. dollar, hello global currency
CFR chief: Monetary nationalism, sovereignty should be abandoned
Posted: May 9, 2007
1:00 a.m. Eastern

By Jerome R. Corsi
© 2007 WorldNetDaily.com


The director of international economics at the Council of Foreign Relations has launched a scathing attack on sovereignty and national currencies.

Benn Steil, writing in the current issue of CFR's influential Foreign Affairs magazine, says "the world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn."

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=55595

[Old 33]

the world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn
The US Dollar is not an "unwanted currency."

The Dollar isn't going anywhere.

[Big Daddy]

I just read that original article the other day of CFR's site.

What Mr Steil was proposing wasn't and end to the dollar, but an end to national sovereign currencies, being replaced by "regional" currencies.

I believe he suggested the US dollar for the America's , the Euro for Europe, and some yet undetermined currency for Asia.

He cites a few national economies for examples, and points out how the sovereign interests of a nation muddle up global trade and commerce by manipulating their money supply, among other things.

I find it interesting to note that in most cases, the IMF and WTO will come into a third world country to help them stabilize their economy in the interest of global economy, but in effect drive the country they are "helping" into a position of being subservient to the IMF/WTO.

Seems the IMF/WTO/CFR ..etc. have set up a classic Hagellian Dialectic where there is now a "global economic problem" that needs to solved by doing away with sovereign national currencies.
If you have a goal that no one would accept otherwise, first create a problem that fits the solution you already have in the ready, which is your original goal.

God's Word tells us there will be an economy that no one will be able to take part in without allegiance to the AC.

Currently it's hard to imagine how that could be, without streamlining economies.

One more small step to NWO.

[CelticMist]

I just read that original article the other day of CFR's site.

What Mr Steil was proposing wasn't and end to the dollar, but an end to national sovereign currencies, being replaced by "regional" currencies.

I believe he suggested the US dollar for the America's , the Euro for Europe, and some yet undetermined currency for Asia.

He cites a few national economies for examples, and points out how the sovereign interests of a nation muddle up global trade and commerce by manipulating their money supply, among other things.

I find it interesting to note that in most cases, the IMF and WTO will come into a third world country to help them stabilize their economy in the interest of global economy, but in effect drive the country they are "helping" into a position of being subservient to the IMF/WTO.

Seems the IMF/WTO/CFR ..etc. have set up a classic Hagellian Dialectic where there is now a "global economic problem" that needs to solved by doing away with sovereign national currencies.
If you have a goal that no one would accept otherwise, first create a problem that fits the solution you already have in the ready, which is your original goal.

God's Word tells us there will be an economy that no one will be able to take part in without allegiance to the AC.

Currently it's hard to imagine how that could be, without streamlining economies.

One more small step to NWO.

If this be the case, then why all the complaining going on, if it is what is to come? Question is: When will the overnight currency be brought in?

Looks like the NAU would do exactly what you said, bring in regional currency. The American dollar is only worth .10 cents on the dollar when we travel north to Canada; but, when we travel south into Mexico its an average of $10.85 Mexican Nuevo Peso to every American dollar. The Mexicans would win the betterment of this event if it took place. Wonder if they would flock across the border, like they are doing now? Opps there would be no border to flock across, unless they would go further south.

[Big Daddy]

If this be the case, then why all the complaining going on, if it is what is to come? Question is: When will the overnight currency be brought in?
Why the complaining?
I don't know, people don't like change? People get touchy when it comes to money.
I suspect it would take a "big" event to bring in new currency overnight. Perhaps the collapse of the dollar. Sort of taking the game board and tossing it and all the pieces in the air, and then having someone set it all up again and say "here are the new rules" if you still want to play.

Looks like the NAU would do exactly what you said, bring in regional currency. The American dollar is only worth .10 cents on the dollar when we travel north to Canada; but, when we travel south into Mexico its an average of $10.85 Mexican Nuevo Peso to every American dollar. The Mexicans would win the betterment of this event if it took place. Wonder if they would flock across the border, like they are doing now? Opps there would be no border to flock across, unless they would go further south.Boarders would become less of a concern if there were no "local" economies to protect.
Why the current issue with our mexican neighbors coming to America? They take our jobs, and our money and send it home to support their families. At least that is what I suppose. At least it makes sense if the exchange is so unbalanced as you point out.

What of the countries that oppose coming into the regional economy?
Venezualia doesn't participate in the IMF or WTO anymore. Would there be a military response to compel them to come into the fold? Or more probably, they could be isolated economically. If all the global markets were closed to those who refuse to assimilate, how could they survive without resources?

Gee, imagine if there were like, one person who comes up with a scheme to do away with all these troublesome details of economies, and monies, and necessities of life. Why he could "force" his will upon all countries. IF some third world country did not want to play, again, they would be isolated. They people of that country to revolt against their leaders as they suffered hardship. Maybe a strong leader would rally his people to go against the outside force, but then that would invite a military response.

Imagine if there were nothing to kill or die for. No religion too.
Hmmm. there may be a song here.

Anyway, I often wonder how events that are shown to us in the bible can come about in what seems to be what little time we have left before Christs return for His church.

There is a quickening occurring. When a guy in the CFR is writing a paper about solutions to a percieved problem, it shows these people in charge are looking at things that the vast majority are unaware of. Those vast majority may shortly find someone throwing their game board up in the air.

As Christians, we are just passing through all this. Ours is Kingdom, this world is doomed.

[Veillifted]

The US Dollar is not an "unwanted currency."

The Dollar isn't going anywhere.

Thats pretty optimistic seeing how the Euro is pounding the dollar into dust and the very fact that Japan, China and other countries are seeking alternate investments over US securities & the US dollar.

[Emily Ruth]

I just heard a presentation last night that the over inflated Stock Market is eerily familiar to what happened just before the Oct 1929 fiasco.

By 1928 and 1929 the Federal Reserve was worried about the high level of the stock market. It feared that the "bubble" component of stock prices might burst suddenly. When it did burst, pieces of the financial system might be suddenly revealed to be insolvent, the network of financial intermediation might well be damaged, investment might fall, and recession might result .....In later years some, Friedrich Hayek for one, were to claim that the Federal Reserve had created the stock market boom, the subsequent crash, and the Great Depression through "easy money"policies......http://econ161.berkeley.edu/TCEH/Slouch_Crash14.html

.


But what is more interesting is what happened to the shift in control and the huge increase in social programs that resulted. The Welfare program was created and the government's hands in things increased 100 fold.

Is it possible that they are setting us up for a similar situation so they can once again have 'the government' come in as the perceived rescuer as a disguised disintigration of the freedoms we still have left?

Our Lord warns us not to be in debt. Perhaps this wisdom is something we all should heed vehemently. I know I am living without credit cards now and it feels great.

[CelticMist]

I just heard a presentation last night that the over inflated Stock Market is eerily familiar to what happened just before the Oct 1929 fiasco.

.


But what is more interesting is what happened to the shift in control and the huge increase in social programs that resulted. The Welfare program was created and the government's hands in things increased 100 fold.

Is it possible that they are setting us up for a similar situation so they can once again have 'the government' come in as the perceived rescuer as a disguised disintigration of the freedoms we still have left?

Our Lord warns us not to be in debt. Perhaps this wisdom is something we all should heed vehemently. I know I am living without credit cards now and it feels great.

BINGO, BINGO, BINGO was their name O.... yeppers that's how I'm viewing it all.

I feel for those that have their money wrapped up in the market place. When the Market collapses so shall all those investments. Glad I don't stake my money in the market place.