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Pastor John MacArthur discussing Global (false) Peace One World Government One World Currency Tower of Babel - Genesis chapter 11 The United Nations The End Times Global Government

World reserve status allows for amazing latitude in terms of monetary policy. The Federal Reserve understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The dollar’s petro-status also makes it essential for trading oil globally. This means that the central bank of the US has been able to create fiat currency from thin air to a far higher degree than any other central bank on the planet while avoiding the immediate effects of hyperinflation. Much of that cash as well as dollar denominated debt (physical and digital) ends up in...

The Bretton-Woods Agreement of 1944 established the framework for the rise of the U.S. dollar and its status as the global reserve currency which has its obvious benefits for the US, but there are also numerous costs involved, according to Brandon Smith, who writes “Think of world reserve status as a “deal with the devil. You get the fame, you get the fortune, you get trophy dates and a sweet car – for a while. Then one day the devil comes to collect, and when he does he’s going to take everything, including your soul.” “Unfortunately, I suspect collection time...

A new global currency just launched, but 99 percent of the global population has no idea what just happened. The “Universal Monetary Unit”, also known as “Unicoin”, is an “international central bank digital currency” that has been designed to work in conjunction with all existing national currencies. This should set off alarm bells for all of us, because the widespread adoption of a new “global currency” would be a giant step forward for the globalist agenda. The IMF did not create this new currency, but it was unveiled at a major IMF gathering earlier this week… Today, at the International...

Over the past two years or so, the World Economic Forum’s (WEF) influence over governments and institutions of sovereign nations has become increasingly apparent. Founded in 1971 by German economist Klaus Schwab, the WEF has remained fairly under the radar for decades. However, the organization has been quietly expanding its icy grip around the throats of the world’s population by installing operatives in the upper echelons of governments and corporations. This influence has expanded so far that Schwab and his allies appear to have given up trying to conceal their agenda and even openly gloat about controlling nations’ leaders. When...

This year has been shaping up to be an even more prophetically charged than 2019. One of the more interesting, yet underreported, strange goings-on, has been the lemming-like procession of Chief Executive Officers (CEOs) leaving their corporate respective organizations. According to Challenger, Gray, and Christmas Inc., who has tracked statistics like these since 2002, the years 2019-2020 had seen the highest exodus of CEOs depart their organizations since they first began. Unlike 2008, in which the mortgage meltdown threw the entire economy into a tailspin, the economy had been booming up until the current COVID19 (Wuhan Flu) began its pandemic...

Dear Mr. Zuckerberg. Your company made big headlines when it announced it would be launching a cryptocurrency called the Libra in 2020. Not surprisingly, given the nature of the times, the project has been greeted with intense criticism and skepticism. Don’t lose heart. In one sense, the idea of a company creating its own kind of money is an old one. The airlines’ frequent-flier miles are really a form of money that customers can earn and use to buy trips and various other things. Credit card companies, hotels and numerous retailers have all sorts of loyalty programs in which people...

CARACAS, Venezuela (AP) — A chief strategist of Venezuela's government-backed cryptocurrency is a former U.S. congressional intern who once organized protests against the same socialist administration he's now helping to circumvent U.S. financial sanctions.Gabriel Jimenez, 27, was catapulted to something of tech stardom in Venezuela last month when he stood alongside President Nicolas Maduro and two Russian businessmen on national TV signing a contract to position the petro, as the fledgling currency is known, among international investors."It's a company founded and led by young Venezuelan geniuses, boys and girls of Venezuela, who have one of the most technologically advanced blockchain...

Here's What's Behind The Collapse Of The Japanese Yen — The Biggest Economic Story In The World Joe WeisenthalDec. 27, 2012, 7:26 PM Earlier we joked that lost in all of the Fiscal Cliff shuffle was the fact that the yen has been getting clobbered. SocGen's FX guru Kit Juckes jokingly responded that far from getting "lost" the yen carnage was actually the only game in town. Indeed this is really the huge story in global markets right now. In addition to being a major shift in one of the world's biggest and strongest currencies, it affects all sorts of...

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.

The big message in Hu Jintao's interview with the WSJ is that China is ready for the yuan to play a larger role in the global economy. But the interview just caps what was already a big week for the Chinese currency. For example, China said for the first time that it will low foreign investors to participate in yuan-denominated private equity vehicles.

International debate over reshaping the international monetary system is expected to speed up following last week’s Group of 20 summit. At the two-day meeting, France, Brazil, China and other members questioned the legitimacy of the U.S. dollar as the world’s dominant reserve currency and called for efforts to upgrade the half-century old order to be relevant to the new era. The French-led initiative gained momentum, especially from the impact of the recently announced U.S. plan to pump $600 billion into the market, which invited angry reactions from the G20 members. France, China and Brazil were at the forefront of the...

The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy.

An April report from the International Monetary Fund promoting a world central bank and a global fiat currency went totally undetected by the global press for months, but after a blog post earlier this month on the Financial Times’ website, it is now in the media spotlight. As the effects of the economic crisis continue to pile up, increasingly significant calls for a global monetary system administered by some world authority have been issued by world leaders, the United Nations, the media, and numerous economists. But the IMF report, entitled “Reserve Accumulation and International Monetary Stability,” offers very specific proposals...

NEW YORK (MarketWatch) -- U.S. stocks sank broadly Friday, pushing the Dow Jones Industrial Average well below the 10,000 level following a weaker-than-expected job report and renewed worries about euro-zone debt. Major stock indexes are also on pace to close out the first week of June solidly in the red, despite a big rally on Wednesday and slight gains on Thursday. The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed (DJIA 9,934, -321.27, -3.13%) was down 327 points, or 3.2%, to 9,927, in recent trading, as investors expressed their concern with the government's May nonfarm payrolls report.

ominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar. "That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now," he said in a speech on the future mandate of the 186-nation Washington-based lending organization. Strauss-Kahn said such an asset could be similar to but distinctly different from the IMF's special drawing rights, or SDRs, the accounting unit that countries use to hold...

A new global currency should replace the US dollar as the international reserve currency, as the long-term deterioration of America's economy and the greenback is fuelling a "currency-regime crisis", says Martin Wolf, associate editor and chief economics commentator of the Financial Times. Wolf, who has honorary doctorates from three universities, bases his argument in part on the Triffin dilemma, an economic paradox named after economist Robert Triffin. The paradox shows that the US dollar's role as a global reserve currency leads to a conflict between US national monetary policy and global monetary policy. It also points to fundamental imbalances in...

The announcement by the United Nations this week that it will license the minting of silver and gold bullion coins bearing the UN logo may be the button that launches metal prices into orbit. In its wide-ranging report this fall, the UN Conference on Trade and Development (UNCTAD) stated that the system of currencies and international banking practices within today’s economies were inadequate, and responsible for the present economic crisis. The report advocates that the present monetary system, wherein the dollar acts as the global reserve currency be re-examined “with urgency”. The UNCTAD Report was the first time a major...

There is scope for debate – and innumerable newspaper quizzes – about who was the most influential public figure of the year, or which the most significant event. But there can be little doubt which word won the prize for most important adjective. 2009 was the year in which "global" swept the rest of the political lexicon into obscurity. There were "global crises" and "global challenges", the only possible resolution to which lay in "global solutions" necessitating "global agreements". Gordon Brown actually suggested something called a "global alliance" in response to climate change. (Would this be an alliance against the...

(CNSNews.com) – House Speaker Nancy Pelosi (D-Calif.) endorsed the idea of a “global” tax on stock trades and other financial transactions, saying the estimated $150 billion in annual revenue from such a tax could be used to help fund more stimulus spending. At her weekly press briefing on Thursday, Pelosi said the financial transactions tax (HR4191) currently before Congress would have to be made “global” to keep U.S. investors from taking their business overseas and out of taxable reach. The House speaker said that a transaction tax could be imposed in conjunction with congressional efforts to divert funds from the...