Time Magazine says it would be good for America to drop the dollar and replace it with the SDR, short for special drawing right. Tim Geithner likes the idea, so does China and the IMF. Adopting the SDR as the global reserve currency would correct “huge imbalances in global trade and capital flows that are in part the product of the dollar’s special status,” Justin Fox writes for Time. “By no longer needing to load up on dollars, countries like China would have less incentive to run big trade surpluses with the U.S.”
|It was Federal Reserve bankster mob boss Alan Greenspan who set in motion the housing bubble designed to blow out the global economy.|
A communiqué released by the G20 at the end of the summit earlier this month stated: “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity.”
“In effect, the G20 leaders have activated the IMF’s power to create money and begin global ‘quantitative easing’. In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it,” writes Ambrose Evans-Pritchard for the Telegraph.
A graphic accompanying the Time article gets to the bottom of this scheme — it shows the world papered over in SDRs. As the economist Joseph Stiglitz notes, the usage by central banks of paper fiat SDRs as foreign exchange reserve should be viewed as the prelude to the creation of a single world currency.
Robert Bradshaw sums it up when he says the “use of the fiat, paper SDRs as a new global reserve currency would please the plutocratic international bankers. This move would allow them a golden opportunity to print fiat paper money in huge quantities to flood the world. We can be sure that the fat cats would love to have a new paper world currency in their greedy little hands. Since they already control the IMF and most world central banks, such a new global currency would definitely fit into their plans for world rule. SDRs as foreign exchange reserve should be viewed as the prelude to the creation of a single world currency.”
International bankers created the current economic crisis and now they are proposing solutions. Globalist bankers have long exploited the problem-reaction-solution paradigm in order to implement their plan for a world totalitarian government.
The so-called “solutions” being proposed by the globalists are “not new suggestions, as they have been in the plans of the global elite for a long time. However, in the midst of the current crisis, the elite have fast-tracked their agenda of forging a New World Order in finance,” warns Andrew G. Marshall.
Ultimately, what this implies is that the future of the global political economy is one of increasing moves toward a global system of governance, or a world government, with a world central bank and global currency; and that, concurrently, these developments are likely to materialize in the face of and as a result of a decline in democracy around the world, and thus, a rise in authoritarianism. What we are witnessing is the creation of a New World Order, composed of a totalitarian global government structure.
The SDR scheme and “the very concept of a global currency and global central bank is authoritarian in its very nature, as it removes any vestiges of oversight and accountability away from the people of the world, and toward a small, increasingly interconnected group of international elites,” Marshall concludes.
Carroll Quigley told us about this in his book, Tragedy and Hope: “[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.”
It should come as no surprise Time Magazine has jumped on the SDR world currency and ultimately world feudalism bandwagon. Time Magazine has long served the interests of the global elite.
In the late 1940s, the Wall Street lawyer Frank Wisner created the CIA, an organization concentrating on “propaganda” and “economic warfare.” Wisner soon established Operation Mockingbird, an ambitious program designed to control America’s media. Allen Dulles would later run the CIA and expand Operation Mockingbird. Allen Dulles and his brother John Foster at the State Department were partners in the Wall Street law firm of Sullivan & Cromwell. According to Carl Bernstein (The CIA and the Media, Rolling Stone, Oct. 20, 1977), Time was one of several valuable assets working for the CIA.
“The CIA is Wall Street. Wall Street is the CIA,” writes Michael C. Ruppert (Crossing the Rubicon:The Decline of the American Empire at the End of the Age of Oil, p.253).
Operation Mockingbird asset Time Magazine is quite naturally shilling for a world currency and ultimately a totalitarian world government. Since the G20, the corporate media has struck up an orchestrated mantra calling for a New World Order in response to the economic crisis engineered by the global elite.
The current contrived crisis now being used to sell us world government and totalitarianism was initiated under Clinton when the Glass-Steagall Act separating commercial and investment banking was eliminated. “It was the repeal of this act that enabled the proliferation of derivatives (CDOs, SIVs, etc.),” notes Guy Selzler.
Next the Bush administration blocked efforts to enact predatory lending laws that would have stopped the sub-prime debacle from happening. In 2006, reports emerging from the Bilderberg meeting in Ottawa, Canada, revealed that the global elite planned to pop the burgeoning housing bubble and send the world economy into a tailspin.
As documented by the former Assistant Secretary of Housing and Federal Housing Commissioner at the U.S. Department of Housing and Urban Development in the first Bush Administration, Catherine Austin Fitts, the privately owned Federal Reserve was complicit in this scheme to blow out the economy. “The Federal Reserve and itsnal cabal of bankers and globalists determined to turn the world into a gulag and labor camp.
This article was posted: Monday, April 13, 2009 at 3:18 am