Posted on 08/07/2011 9:08:35 AM PDT by barmag25
The man who leads one of Chinas top rating agencies says the greenbacks status as the worlds reserve currency is set to wane as the worlds most powerful policy makers convene to examine the implication of S&Ps decision to strip the United States of its triple A rating.
In comments emailed to CNBC, Guan Jianzhong, chairman of Dagong Global Credit Rating, said the currency is gradually discarded by the world, and the process will be irreversible.
Dagong made headlines last week when it became the first rating agency to cut its U.S. credit rating from A+ to A after policymakers in Washington failed to act in a timely manner to lift its debt celing.
However, the announcement failed to register in the markets as investors have yet to decide whether to take the Beijing-based company seriously.
(Excerpt) Read more at cnbc.com ...
And lil’ Timmy Geithner will lead the way.
Sunday 07 August 2011 -UN wants new global currency to replace dollar
And too think people who spoke of the upcoming NWO were called kooks...
November 11, 2010 President Obama's Speech Address in Jakarta: "Unity in Diversity"
The Financial Obamageddon begins in just 3 hours, when the Asian Markets start to open.
Where were you when the world ended?
WOW!
Their Home Page is impressive.
We’re screwed.
They don’t really expect me to carry around a pocket full of those, do they? ;>)
In the leaders section of that page used to be a picture of Barack Obama US President with his copy of the new world currency. I can’t find it any more. Maybe it was moved to another section.
Don't forget to thank the republicans as well; they are up to their eyeballs in this spending mess.
LOL but I think the coin is symbolic with Obama’s words UNITY IN DIVERSITY from a speech and his campaign during the Az. shooting; it will be a cashless society I am sure. The only thing left to ponder is will Obama be stopped or will we all have to live through a communist NWO and watch it fail just like all of the progressive communistic policies always do?
Amen to that
No.
It will be a new currency that is comprised of a basket of currencies. At the beginning, they will even offer a portion of gold backing to entice those who rightfully no longer trust fiat currency.
But rest assured, after a short while, they will drop the gold backing.
At that point, the Fabian Socialists who created the IMF and World Bank at Bretton Woods — backed by the cartel of central bankers who helped create the Federal Reserve — will have what they wanted all along — a global currency controlled by a global, central bank.
As Maier Rothschild said, to paraphrase, “Give me control of money, and I care not who makes the laws.”
All sovereign nations — the US included — are moot points and marks in history at that point. They will control every individual and every country by controlling money, earnings, prices, oil, transportation, healthcare, and most importantly to ensure that they have complete control of the masses (all except the few outliers who go off the grid), food.
Not to mention that the Yuan is the most manipulated major currency in the history of the world. The Chicoms inflate it at will simply to create GDP.
There are certainly world currencies that are more stable than the Dollar and there are government bonds that are possibly a little safer than US Treasuries; however, there aren't any from a country with a big enough economy to supply the amount of currency required for world trade or enough bonds to satisfy demand.
When the news fully leaks that Geithner is not stepping down and if Obama approaches a podium in about 17 hours and blames the arab spring( AKA giving terrorists billions) and the weather again and says everyone has bad math and it is all the bad bad GOP’s fault we need to raise revenue (TAXES) he did nothing wrong and then takes off for Marth’s Vineyard shopping trip and golf before the trip. I believe you’re correct.
It has been outright in the news all along and everybody ignored it like it was from kooks or not real. Why?
http://www.futureworldcurrency.com/Documents.asp?DocumentID=3875
Obama’s plan is working perfectly.
You’re kind of right, but the miss is monstrous.
We do not control the IMF and the World Bank. They were created by the Fabian Socialists (led by Keynes) at Bretton Woods.
Their goal is the same as the communists: totalitarianism.
They differ only in the method of attaining that goal.
You are confusing who is guilty of what.
There were some Americans who backed this: namely the American communists, American socialists, liberal Democrats, Progressives, and even GOPers who share the same goal.
They are the ones who brought this system to America. Most of America did not agree to it. It was forced on us. The system was designed initially to assure an economic web that would assure mutual economic destruction should any nation seek to make their nation wealthier than the others. Once that was put in place, as it is now, the secondary goal was to create a global currency controlled by a worldwide central bank.
The Fabian Socialists knew that if they could control the money of the world, they could control the world and force their view of Utopia on humanity.
We are very close to seeing the succeed.
But please don’t blame those of us who have fought this march toward totalitarianism even though we are a part of the system. It’s like blaming people who eat for the food poisoning someone else suffers.
The fix is to remove all Statists from office, to return to the roots of limited government that our Founding Fathers created, and to return a truly free-market system.
The above ‘system’ is what led to America’s whirlwind ascent economically in the 19th century. And it was prosperity combined with America’s freedoms that so annoyed the super elite that they financed people such as Marx and his proteges.
Their original goal (which dovetailed perfectly with the later socialists) was first and foremost to destroy the middle class of America, because they were a threat to the ruling elite. They had many approaches to this, one was to destroy the concept of private property. Another was to demonize the history of America through the education system. Another was to take over the media and turn it in to a propaganda machine. Another was to coalesce as many disparate minority groups as possible, bind them together to come to power, and then suppress them while switching allegiance to the norm of the masses.
Does any of this sound familiar?
I looked at every section and couldn’t find any “leader” section at all. They removed it. That’s one scary website.
The superb tea party were called terrorists for trying to do a balanced budget amendment. A lot of the republicans need to be fired. Obama and the dems celebrated this last mess at MO’s favorite burger joint.They were ecstatic to now have a 22 trillion dollar deficit.The progressive DNC and a lot of pubs needs all voted out before it's too late if it's not already. ObamaCare needs defunded immediately!
For right now though,this is Obama’s he owned it.
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