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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
Monday, Sept 7, 2009
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 .
“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  by the global body to initiate talks on replacing the Dollar.
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Meanwhile, an influential Chinese policy maker has slammed the US Federal Reserve’s policy of printing money  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  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 , 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  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:
 Infowars.net: http://www.infowars.net/index.html
 Bloomberg News: http://www.bloomberg.com/apps/news?pid=20601087&sid=aSp9VoPeHquI
 echoes previous efforts: http://www.prisonplanet.com/un-imf-back-agenda-for-global-financial-dictatorship.html
 Image: http://prisonplanet.tv/signup.html
 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
 China expressed support: http://www.prisonplanet.com/china-voices-support-for-new-global-currency-to-replace-dollar.html
 repeatedly warned: http://www.prisonplanet.com/globalists-exploit-financial-meltdown-in-move-towards-one-world-currency.html
 global central bank: http://www.prisonplanet.com/washington-post-highlights-agenda-for-bank-of-the-world.html
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