The future of the dollar was one of several subjects debated at the G8 summit Posted on 09/24/2009 10:28:25 AM PDT by Nikas777
Russian President Dmitry Medvedev pulls new world currency from his pocket
Russia's President, Dmitry Medvedev, pulled the world's new currency from his pocket at the meeting of G8 leaders in the Italian city of Aquila.
4:38PM BST 10 Jul 2009
The future of the dollar was one of several subjects debated at the G8 summit
Mr Medvedev, who has been seeking ways to displace the dollar as the world's dominant reserve currency, produced a sample coin of what he described as a 'united future world currency'.
“Here it is,” Mr Medvedev said, according to Bloomberg. “You can see it and touch it.” The coin, which was minted in Belgium, was presented to all the G8 leaders attending the summit and bears the words 'unity in diversity.'
The possibility of a supranational currency “concerns everyone now, even the mints,” Mr Medvedev said. The test coin “means they’re getting ready. I think it’s a good sign that we understand how interdependent we are.” Russia, alongside China and India, have all questioned the dollar's future as a global reserve currency - a status it has enjoyed since inheriting it from sterling last century.
(Excerpt) Read more at telegraph.co.uk ...
This is from a real news source not Alex Jones type of website.
The world currency can be seen @ http://www.futureworldcurrency.com/
It made the news because only Medvedev mentioned it to reporters - the rest of the G* kept mum on the matter. Probably because the Russians are outsiders in the ways of the G8 so they did not any better than to blab about it?
I think the way this will work in the future is that the individual nations would keep their national currencies like the dollar but the world reserve would be this 'future one world currency'.
In other words the one world currency would peg the value of individual currencies.
So instead of the US dollar being the currency that pegs every other currency - all currencies - including the $ would be pegged against this world currency.
Sort of like the way the Federal Reserve works but for the whole world.
Does my explanation make sense? It is the best I could figure out by the limited news out there.
So this was never posted on here?
If not Gold, then it is worth nothing.
Ah... then you wouldn't mind transferring the balances of all your bank accounts to me.
After all, it would cost you "nothing."
I was too slow. Thanks for posting the picture.
Anything but coins. Please. Easy to lose and frankly would someone please explain why paper is such a bad idea?
I could not post the Bloomberg story so I post this link.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aeFV
NYQpByU4
Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8
I like "E Pluribus Assholii" better.
It's paper too according to the website http://www.futureworldcurrency.com:
And the paper is supposed to use some sort of encryption to prevent counterfeiting:
How is it this happened this past July and it went unreported?
They can’t even get all the EU countries to use the same currency, no way the whole world will use one currency for a long time.
It’s the end of the world as we know it. Lord have mercy on me.
So... if an American bank account with let’s say $2000 in it were to be exchanged in rate to the new global money it would not gain interest?
I thought they all embraced the Euro. Please explain.
US backing for world currency stuns markets
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.
.
Paper is fragile, and wears quickly. Coins stay in circulation much longer. In any case, they seem to have modeled their system on the US currency, replacing only the “one” with a coin, and leaving the rest on paper. Honestly, Germany went up to 5 marks on coin, which worked well. It’s the lower-denomination units which get all the wear anyway. Yes, having a pocket full of metal can be a bit of a pain, and they don’t make many coin purses anymore, but in a one-world system, pragmatism probably would have to take precedence over convenience.
Would you like to trade-in those dirty old dollars for these nice shiny New World Order bucks?
Sure, fella, we can handle that. Step right up to the counter . . .
Orwellian freaky. The success of this will be like 0bama is in the U.S. right now=FAILURE.
But conspiracies and Holy books tell us differently...
“How is it this happened this past July and it went unreported?”
Little gets by FR
Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8
DailyPaul ^ | July 10 2009 | Lyubov Pronina
Posted on July 12, 2009 5:50:35 PM CDT by Daffynition
http://www.freerepublic.com/focus/news/2291087/posts
Medvedev given first coin of future supranational currency at G8
Ria Novosti ^ | 7-10-09 | unattributed
Posted on July 10, 2009 6:10:09 PM CDT by dynachrome
http://www.freerepublic.com/focus/bloggers/2289272/posts?page=10#10
Medvedev: World Needs New Reserve Currency (Obama’s spending scares the world, not just Americans)
foxnews ^ | 6/16/2009 | AP
Posted on June 16, 2009 5:45:11 AM CDT by tobyhill
http://www.freerepublic.com/focus/f-news/2272731/posts
I have noticed Obama’s EARS have been growing...
really...
The audacity of them to let children pick the symbol for the new currency.
http://www.futureworldcurrency.com/Documents.asp?DocumentID=167
I will wake up soon. This is a nightmare.
P’shaw. The new common currency will be Gorelion Carbon Credits. You can barter them and use them to buy indulgences for your consumptive sins.
I think that would be my breaking point.
Might be on the edge, but not today, not over currency.
Russians can promote all kinds of crap consistent with what Obamaerica thinks. Dollar is still king. Still the greatest for investors and traders.
Sure there are detractors...
Sure there are other themes coming on when they think America is weak. With Obama at the helm weakening it, the other leeches will come out to feed and contribute to the demise.
Obama the destroyer! All hail the great destroyer!
F*** one world government.
BAD BAD BAD BAD IDEA!!!!!!!!!!!!!!!!!
UK, Denmark and Sweden still use their own currencies.
Did anybody ask him if it’s backed up by anything, or if he just plans on using government guns to make people use it?
BTTT
no gold no real value——that is it in a nutshell.
“Last validation date: The works have to be sent within 10 May, 2009.”
No different than ‘letting’ kids chose names of schools.
Someone has an agenda, a name in mind, and then, given enough entries, voila. Wow. Imagine that name being chose.
Oops, forgot:
Remember, children are our future.
What else?
The sun is setting tonight.
The sun is coming up tomorrow.
marking...
It was posted here more than once.
chose=>chosen
so we can now REMOVE “ In God We TRUST” from our currency!!
Great Plan Zero!!! Great Plan!!! sarc!
You could have told somebody! LOL!
Really I had no idea.
I knew they were this far but I didn’t think they would let it leak until the chosen one announced it.
I just love how they use “UN Blue” for the notes! /s
>F*** one world government.
I agree. I’m going to take my cash, buy a big plot of land, and build a fort.
LQ
LOL...yes that is a accurate pic of who he truly is!
I truly almost did not want to post it. He is so cold and evil.
Since 0bama said in his speech yesterday he embraces all of the UN millenium goals by next year when are they planning to pull this rabbit out of their hats?
Will some people be shocked even though he outright said it in his speech yesterday? Will our MSM report this?
I thought they all embraced the Euro. Please explain. UK, Denmark and Sweden still use their own currencies.
Only 16 members of the European Union use the Euro.
The 11 that do not are:
United Kingdom
Bulgaria
Czech Rep.
Denmark
Estonia
Hungary
Latvia
Lithuania
Poland
Romania
Sweden
And there are potentially others that may want ‘off’ the Euro.
Doesn’t our constitution trump this?
Manifesto
ART. 1
“Unity in diversity” is the foundation that drives this initiative, which started up in 1996. Its aim is to bring people together and go beyond national stereotypes. Its historical importance is even greater than its economic one; it is a goal built on faith, common hope, and the unification of cultural and spiritual roots.
ART. 2
The relationship between Europe and America, and between the United States and many Countries from the five continents, is based on common cultural traditions and sustained by a parallel vision of the world. It is driven by the highest concepts of brotherhood and peace. These relations are cultivated through global dynamics whose purpose is to fulfill social, political and economic objectives, in full respect of the values and national identities that found countries’ respective constitutions.
ART. 3
It is therefore our wish to bring to life the project for a common currency, which has been given the provisional names, “Eurodollar/Dollaeur” (initially), “United Money”, then “United Future World Currency”. It would symbolize not only the economic, but also the human, social, political, and spiritual bonds between the Nations of different Continents that hold similar ideals.
ART. 4
The common currency project is a highly important step towards bringing people together. It is a means of understanding, provides reference and reinforces different identities that share principle objectives. Competition in respective markets remains free, and the basic principles of participating countries’ national identities will be safeguarded.
ART. 5
We are determined to raise awareness of this project among as many people as possible in all Continents. We are focused particularly on the active involvement of young people, especially from schools. Indeed, young people represent the strongest, most concrete vehicle for spreading this initiative. They are also the potential future beneficiaries of this large step forward towards unification and the creation of a world that responds better to the requirements of the new Millennium, as it gradually breaks down social and ideological barriers.
ART. 6
Renewed cultural interest in the Economy comes as a result of shifting perceptions of currency as a whole. This follows on from the debate opened by the introduction of the Euro. Through this Project, students, including from a very young age, can become familiar with basic economic issues. The latter are increasingly important in a new society of widespread wellbeing.
ART. 7
A joint Committee will be selected. It will include experts from a wide variety of disciplines. Everyone will be free to offer their own contribution to the project. This committee will also form the Jury that selects the most interesting ideas, proposals and projects demanded by different initiatives underway.
ART. 8
There will be an information and support campaign to coordinate working groups, committees and clubs, implemented through organizations, bodies and associations. There will be a consideration period for all contributions regarding the expansion, comparison and development of: issues and technical problems; optimizing legislative instruments and procedures; and fulfilling the obligations of the new Currency.
ART. 9
Trials will be carried out at important international events, aimed at awareness, education and promotion. “United Money” currency (banknotes and coins) trials will be entrusted to the best international professionals and experts in the appropriate fields.
Time will be set aside to explore technologically-advanced security and counterfeiting issues, which a future Currency will have to keep in check. This will involve the most prestigious and trustworthy public and private bodies, including universities and companies.
ART. 10
It will be the responsibility of the world’s future citizens and the governments they put in place to make our Project a reality. This project is driven by a firm belief in the unification and co-existence of different peoples. It aims to promote an increasingly equal distribution of the planet’s resources and human intellect.
http://www.futureworldcurrency.com/Documents.asp?DocumentID=166
"Ours is better" has been reported as being a common remark from the smiling Texans.
"Everybody wants ours, we can't keep up with the demand from those turning in various forms of paper money for the Texas currency."
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