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UN Calls For Bank Of The World, New Global Currency

Posted By admin On September 7, 2009 @ 10:21 am In Featured Stories,News In Focus,Steve Watson Articles | Comments Disabled

Proposals for a new centralized economic world order outlined in globalist report

Steve Watson
Infowars.net [1]
Monday, Sept 7, 2009

UN Calls For Bank Of The World, New Global Currency  070909currency The United Nations has called for the establishment of a new global reserve currency to be overseen by a bank of the world in an effort to reduce the role of the Dollar in international trade.

Details of the proposal were outlined in a report from the UN Conference on Trade and Development. The report also calls for the new global reserve bank to monitor and manage the national exchange rates of member states.

“There’s a much better chance of achieving a stable pattern of exchange rates in a multilaterally-agreed framework for exchange-rate management,” Heiner Flassbeck, co-author of the report and a UNCTAD director, told Bloomberg News [2].

“An initiative equivalent to Bretton Woods or the European Monetary System is needed.” said Flassbeck.

He also added that while the UN also backed strengthening Special Drawing Rights (SDRs), a synthetic paper currency issued by the International Monetary Fund that was dormant for half a century until earlier this year, that would not be enough to “protect emerging markets”.

This latest call for a new reserve currency from the UN echoes previous efforts [3] by the global body to initiate talks on replacing the Dollar.

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UN Calls For Bank Of The World, New Global Currency  270809banner [4]

Meanwhile, an influential Chinese policy maker has slammed the US Federal Reserve’s policy of printing money [5] to buy Treasury debt, declaring that it threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy.

Earlier in the year, China expressed support [6] for a Russian proposal for the creation of a new supra-national global currency as an alternative to the Dollar as the world reserve currency.

Other heavyweight elites such as French President Nicolas Sarkozy, German Chancellor Angela Merkel, British Prime Minister Gordon Brown, UK Business Secretary and top Bilderberg member Peter Mandelson and EU heads such as Joaquin Almunia, to name but a few, have called for a new economic world order consisting of vastly increased overarching centralization.

The creation of a de facto world currency to supplant the Dollar would likely lead to a complete collapse of the greenback, of which trillions are held in in foreign exchange reserves by many foreign countries.

As we have repeatedly warned [7], the introduction of a new global currency system is a key cornerstone in the move towards global government, centralized control and more power being concentrated into fewer hands.

Furthermore, a global central bank [8] will establish a de facto financial dictatorship which will wield power over the economies of every country on the planet with no accountability whatsoever.

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URL to article: http://www.prisonplanet.com/un-calls-for-bank-of-the-world-new-global-currency.html

URLs in this post:

[1] Infowars.net: http://www.infowars.net/index.html

[2] Bloomberg News: http://www.bloomberg.com/apps/news?pid=20601087&sid=aSp9VoPeHquI

[3] echoes previous efforts: http://www.prisonplanet.com/un-imf-back-agenda-for-global-financial-dictatorship.html

[4] Image: http://prisonplanet.tv/signup.html

[5] slammed the US Federal Reserve’s policy of printing money: http://www.telegraph.co.uk/finance/economics/6146957/China-alarmed-by-US-money-printing.html

[6] China expressed support: http://www.prisonplanet.com/china-voices-support-for-new-global-currency-to-replace-dollar.html

[7] repeatedly warned: http://www.prisonplanet.com/globalists-exploit-financial-meltdown-in-move-towards-one-world-currency.html

[8] global central bank: http://www.prisonplanet.com/washington-post-highlights-agenda-for-bank-of-the-world.html

[9] Shocking New IMF Report: The U.S. Dollar Needs To Be Replaced As The World Reserve Currency And SDRs “Could Constitute An Embryo Of Global Currency”: http://www.prisonplanet.com/shocking-new-imf-report-the-u-s-dollar-needs-to-be-replaced-as-the-world-reserve-currency-and-sdrs-could-constitute-an-embryo-of-global-currency.html

[10] Calls grow to supplant dollar as global currency: http://www.prisonplanet.com/calls-grow-to-supplant-dollar-as-global-currency.html

[11] The ‘Global Central Bank’ Pipe Dream: http://www.prisonplanet.com/the-global-central-bank-pipe-dream.html

[12] The Rest Of The World Is Calling Even Louder For A New Global Currency: http://www.prisonplanet.com/now-that-u-s-government-debt-has-been-downgraded-the-rest-of-the-world-is-calling-even-louder-for-a-new-global-currency.html

[13] London Telegraph Admits Plan For Bank Of The World, Global Currency: http://www.prisonplanet.com/london-telegraph-admits-plan-for-bank-of-the-world-global-currency.html

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