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.
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