UN wants new global currency to replace dollar

Telegraph.co.uk via Drudge ^ | Sept. 7, 2009 | By Edmund Conway, Economics Editor

[Rennes Templar]

In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises.

-snip-

"Replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries running large deficits and would help stability," said Detlef Kotte, one of the report's authors. "But you will also need a system of managed exchange rates. Countries should keep real exchange rates [adjusted for inflation] stable. Central banks would have to intervene and if not they would have to be told to do so by a multilateral institution such as the International Monetary Fund."

The proposals, included in UNCTAD's annual Trade and Development Report , amount to the most radical suggestions for redesigning the global monetary system.

Although many economists have pointed out that the economic crisis owed more to the malfunctioning of the post-Bretton Woods system, until now no major institution, including the G20 , has come up with an alternative.

[rlferny]

There is a guy named Tom Horn who is doing the same research but is a little further along than you.

http://defenderpublishing.blogspot.com/2009/04/read-it-before-it-is-banned-by.html

[Americaneedsyoou]

how to bring America down
Mind blowing speech by Robert Welch in 1958 predicting Insiders plans to destroy America Proof that the NEW WORLD ORDER has been planned by the elite. Robert Welch, Founder of The John Birch Society, predicted today’s problems with uncanny accuracy back in 1958 and prescribed solutions in 1974 that are very similar to Ron Paul’s positions today. This is proof that there are plans in place by the elite to systemically disassemble US sovereignty. I wonder who those elite are. http://www.youtube.com/watch?v=AZU0c8DAIU4

[MikefromOhio]

Yeah

What I’m saying is these liberals propping up yet another FIAT currency is just a cloak for a larger world governmental presence.

Gold is the currency of the world. Even where Dollars aren’t accepted, Gold is.

[combat_boots]

ono

Don’t tell me. He speaks at 9 and ends at 11.

[LurkedLongEnough]

What do fifth graders say? : |

[SJackson]

What do fifth graders say? : |

I can drop out of school? I never knew that.

[myknowledge]

Verichip Mark of the Beast 666. It will be the core of the world's most repressive and effective dictatorship in global history, the New World Order, the prophesied Kingdom of Antichrist. Revelation 13:15-18, KJV 15 And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed. 16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. 18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

[myknowledge]

Really, BHO is a puppet of the Illuminist globalist elite, serving the interests of the CFR instead of America. The presidents who nationalistically served America’s interests paid the full price with their lives such as Abe Lincoln and JFK. Bear in mind, the Illuminist leadership of the US of A has been leading the world toward the NWO since America’s founding on July 4, 1776! (you were never taught this fact!)

[RockinRight]

Gold has it’s problems, too, (zero-sum economy, very little ability to borrow money, can’t prove you actually have the gold when you receive a gold-backed paper bill) but it’s better than a UN global currency.

[RockinRight]

Naa, we know you’re still here...but we’re all united against BO now.

[dr_who]

Don’t give a rat’s rear what the politburo thinks.

[SkyPilot]

I remember saying back in 2000 that this was going to happen. The Bible predicts it.

Man, some Freepers around here just went nuts with anger and denial. They treated even speculation on the notion of a Global Currency as akin to a belief in black helicopters.

Well, well, well. Now China, Russia, and the United Nations are pushing it, and it looks like the world will get it.

[HeartlandOfAmerica]

Thanks to Timmy over at Treasury and his blessing of the idea, this has a lot more steam now.

Of course, it will be tied to the greenback, it will look like the greenback, it just won't be the greenback.

Anything to hurt America with these UN weirdo's!

[Kimberly GG]

I recon this is all connected?:

“Congress and the Obama administration have lost faith in self-regulated markets. Together, they’re writing the most sweeping new regulations over finance since the Great Depression. And in this ever-more-connected global economy, Washington is working with its partners through the G-20 group of nations to develop worldwide rules to govern finance.

“Our objective is to design an economic framework where we’re going to have a more balanced pattern of growth globally, less reliant on a buildup of unsustainable borrowing . . . and not just here, but around the world,” said Treasury Secretary Timothy Geithner .”

http://news.yahoo.com/s/mcclatchy/20090908/pl_mcclatchy/3307834

[PetroniDE]

May I suggest using the Zimbabwe dollar instead? Probably a better measure for the value of the “UN-Dollar”.

[MrB]

When physical gold is necessary for trade,
brass, lead, and bullets will be currency as well.

[stephenjohnbanker]

The UN-Note??

[chippewaman]

NWO. This is straight out of the Bible. One-world currency. One-world religion. One-world dictator. The end of nationalism. I spit on the UN! They should be kicked out of New York!!!!