Article: The Case For A Global Currency

It was interesting to run across this recent article on Salon.com that attempts to mak the case for a single global currency.
It actually reminds me of this financial times article "And Now For World Government", which spelled out a case for having a single global government.

This thng of single world currency is a big deal. The US dollar has been the defacto world standard for many years, but the world is losing confidence in the US dollar and US economy as a whole, largely due to America's staggering and unsustainable debt levels. Talk of establishing a world currency has been batted about for years by economists and political leaders, and you can be sure such talk will get louder as time goes on.

The simple question is, if there is a global currency established, wouldn't there have to be a global authority to manage it? In essence, a global central bank to issue this currency, and to implement monetary policy concerning this world currency? Certainly.

Real simple, it comes down to this: global community... global economy... single global currency... global central bank... global government. All these concepts are inextricably linked. The push toward a single global currency is just one more step toward the One World Government that prophecy watchers have talked about for years. The world is being pushed in this direction for a reason, and the citizens of the world will end up accepting this, not really knowing who/what is behind it.

The Devil is building his One World kingdom, one brick at a time. The people of God had better pay close attention to whats going on.
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Excerpt:

The Case For A Global Currency

This article was adapted from the upcoming book, "The End of Money," in bookstores Feb. 14 from Da Capo Press.

In the age of globalization, what does it mean, really, to be from one country and not another? We have some easy answers, along the lines of language, shared history, cultural references, and geography. I grew up cheering for the Red Sox, not the Hiroshima Carp, so that adds to my American-ness. I had to learn about the Federalist Papers in high school. I pay taxes and vote here. All of these things, some minor, some major, contribute to my sense of being part of this country.

Greenbacks do too, whether I like it or not. The coins and banknotes of a place are one of the few remaining touch-points of national identity left in our increasingly digital world. The monuments, symbols, and famous people splashed on them help reinforce this sense of nationhood. But as representations of the currency, they do more than that, because the currency is both the fabric of the economy and the stitching of the state. Even Marco Polo saw this in China, as the currency pulled a vast kingdom together under one umbrella of economic organization.

In recent times, though, having a national currency, at least for smaller countries, is looking more and more anachronistic. At the minimum it should be up for debate. Benn Steil, an economist at the Council on Foreign Relations, told me that when he lived in Europe in the 1990s, the old saying was that to be a country you needed an airline, a stock exchange, and a currency. By the twenty-first century, that was hardly the case: airlines had merged or gone bankrupt, stock exchanges had consolidated, and the euro had become the dominant currency of the continent. In the years ahead, more and more small countries may decide to quit their currencies and adopt that of a more powerful neighbor (the Australian dollar in parts of Oceania, for instance), band together with nearby countries to form a currency block (e.g., the East African Monetary Union), or jump aboard an international powerhouse like the U.S. dollar or the euro.

All kinds of factors could sway this decision: runaway inflation, fear of currency crises, too little infrastructure to manage the cash supply, an unexpected rash of counterfeits, hope of greater competitiveness in global trade, and the wish to put an end to potentially dangerous speculation about the currency’s worth next week or next year.

Full article here.

See also: And Now For A World Government (Financial Times Arcticle)

FLASHBACK (1988): The Economist magazine, "GET READY FOR A WORLD CURRENCY"

On this blog we've made frequent mention of late for the drive toward a new world economic order, including the push for a singular world currency.

However, it's worth noting that it's not just Christian prophecy-watchers and so-called "conspiracy nuts" who have long been watching for the emergence of a world currency. Twenty-one years ago, The Economist magazine spoke of the coming world currency, which they named "the phoenix".

To the skeptics, all this talk of a coming new world order, one world government, and the Antichrist all sounds like silly talk. I'm sure when Noah warned the world of the flood to come, that sounded like silly talk too.

... until the rain started to fall.

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COVER: "GET READY FOR A WORLD CURRENCY"
Title of article: Get Ready for the Phoenix
Source: Economist; 01/9/88, Vol. 306, pp 9-10

From the article:

"THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987."

(Note: the writer is apparently referring here to the events related to October 19, 1987 -- often referred to as "Black Monday"-- when stock markets crashed in the U.S. and around the world, shedding a huge value in a very short time.)

another quote...

" As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power."

Full article here.

Another step toward one world currency... The UN weighs in against the US Dollar.

I guess it was only a matter of time. Various nations worldwide, led by Russia and China, have been loudly calling for a replacement of the US dollar as the de facto world reserve currency, and calling for a new global currency to replace it. We even showed here how Russian president unveiled a "future world currency" that would replace the US dollar. Now the United Nations itself has thrown it's support for a new global currency.

It would seem like its not a question of if it's going to happen, but when.
What we're seeing is just another step in the undermining of American power, and the introduction of the New World Order/One World Government.


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News article: UN: Dollar Doesn’t Make Sense
September 18, 2009 - 4:25 PM | by: David Lee Miller

Who doesn’t like the US dollar? The United Nations, that’s who. This is the same United Nations that gets the bulk of its funding from Uncle Sam.

In a recent report a UN agency, the United Nations Conference on Trade and Development (UNCTAD) proposed replacing the dollar as the standard for global transactions with a new form of worldwide currency.

For decades the greenback has been used to price virtually all commodities. Since the end of the Second World War almost all countries have US dollar backed securities on reserve.

If the UN gets it’s way, all that could change.

Analyst Nile Gardiner of the Heritage foundation says the UN plan “would be a huge blow to American strategic power.”

In addition to a loss of prestige the US economy could suffer if dollars flood world markets.

According to Gardiner the UN plan is a “direct assault by the UN on American global power” from an organization with a “long track record of anti-Americanism.”

The principal author of the UN report, UNCTAD’s Chief Economist, Henier Flassbeck denies any anti-American sentiment, and calls Gardiner’s criticism “ridiculous.” According to Flassbeck demand for the US dollar is “irrational.” He argues the creation of an alternative financial instrument would provide more stability during times of economic upheaval. The new financial instrument proposed in his report would be pegged to a basket of different currencies to minimize what he called any “huge monetary shock.”

This is not the first time replacing the dollar as a global reserve currency has been put forth. China, Russia and other countries have discussed similar ideas. But as the US deficit grows and confidence in the dollar wanes, some analysts say the idea of a new world currency could be gaining momentum.

Full article here.

Japan Should Work Toward Asia Currency, Hatoyama Writes in NYT

For those building the emerging "New World Order", the pattern and plan has become abundantly clear: regionaliziation as a step toward globalization, and regional governance as a step toward global governance. As part of this process, we are seeing a push toward regional currencies as a step towards a single global currency.

Japan could seems set to play its part in the process of forming a regional Asian currency, as the world elites continue their push to replace the US dollar as the world's de facto "reserve currency".A leading Japanese politician (who could shortly be elected as their next prime minister in a few days), is now making the case for the formation of a regional Asian currency to replace the US dollar.

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Aug. 27 (Bloomberg) -- Japan should work with other Asian countries to create a single regional currency and bolster alliances to make it possible, opposition leader Yukio Hatoyama wrote in the New York Times.
Asia should “aspire to move toward regional currency integration,” wrote Hatoyama, who polls indicate may become the country’s prime minister after a national election on Aug. 30. “We must spare no effort to build the permanent security frameworks essential to underpinning” a single currency that “will likely take more than 10 years” to establish.

The global financial crisis and the Iraq war have diminished U.S. influence around the world and cast doubt about “the permanence of the dollar as the key global currency,” he wrote. “But at present no one country is ready to replace the United States as the dominant country. Nor is there a currency ready to replace the dollar as the world’s key currency.”

Hatoyama wrote that Japan will benefit from greater regional cooperation as it struggles to keep political and economic independence “when caught between the United States, which is fighting to retain its position as the world’s dominant power, and China, which is seeking” greater prominence.

Full article here.

UPDATE: On Sunday August 20th, Yukio Hatoyama was voted in as the next Prime Minister of Japan.

RELATED ARTICLES
See also: Africa, South America Marching Toward World Govt.
and Ex Mexican President: North American Currency On The Way.

Time For The Amero?

Interesting article from Michael McGruther from bighollywood.breitbart.com:

The post-George W. Bush world is a geopolitical power vacuum where, for a short period of time, America has a Macy’s perfume model as President going around with sweet little spritzes of kindness in hopes of closing the deal towards eternal world peace and prosperity. It’s not going to work. And this kind of diplomacy stinks because savvy world leaders know it’s entirely disingenuous. Change you can deceive in is all that’s going on here.

Let’s talk about real change, dramatic, game-changing change on a level no one understands, including me: The establishment of a North American Union, a super-nation comprised of Canada, the U.S.A. and Mexico all acting with one international interest and one unified currency: The Amero.

For as long as I can remember the dollar’s either been in trouble or strong. While I was bartending at one of New York’s most famous Italian restaurants during the 90’s, I could tell whose money was strong at the moment based on my customers. It’s as if everyone in Japan would visit at the same time, spending freely and having a blast. Then they would disappear and the English would suddenly be in town.

This trend always reverses, as well. There was a time in the mid-90’s where England was so cheap to visit Bengali bus boys would go there for weekend shopping visits. My wife and I visited Japan in the late 90’s and enjoyed a huge money advantage. I also went to Amsterdam before they stopped using gilders — and then came the Euro, followed by Saddam Hussein’s switch from accepting Dollars to Euros for oil. After that, 9-11. Nothing’s been the same since.

The events that led up to 9-11 are much more about geopolitical battle lines than radical Islam vs. the civilized world. Islamic terrorists are without a doubt the tool of a far-reaching, clandestine war being waged on American interests around the globe, and Iraq truly was the real-world version of Mos Eisley where villains would collect and plot. President Bush’s publicly stated reasons for the invasion were legitimate, but I suspect there was another heavy factor for our going to war with Iraq (and a President Obama would have done the exact same thing): the switch from Dollars to Euros, which shook an already delicate international money system to its core. Today we have the worldwide economic crisis that is in many ways a direct result of Saddam’s economic terrorism, and now there’s even calls from China and Russia for a one-world currency to replace the dollar. Islamic terrorism, economic terrorism and oil terrorism all have the same chilling effect: the whittling down of American power influence around the globe by way of the currency.

Is one-world currency likely? Probably not in the foreseeable future. But the emergence of an Amero, or North American Union currency, seems entirely plausible to me. What else can beat back the Euro in value and become the new global standard other than a gold-standard backed Amero? And when you compare China’s land, resources and population to ours, the odds are clearly in China’s favor. But when you include all of North America, the difference becomes nominal and more about who has better ideas about freedom and liberty for its citizens.

What does this mean for American jobs and illegal immigration? I don’t have those answers. But I’m curious as to what my fellow conservatives think about the whole concept of the North American Union and the Amero and how it could impact global markets. Could we all use one currency in North America and have more open borders yet retain our individual, national identities? I hope so. I never imagined that the future may in fact produce a North America that uses one currency, a European Union that uses one currency and most likely an Russian/Asian union of some sort that uses one currency.

America, as the centerpiece of the North American Union with the Amero could be a golden doorway to another American-led century, but only if conservatives are the architects of the final outcome and protect the individual identity of each nation.

This is change you can believe in because it just may be inevitable.

Original article: http://bighollywood.breitbart.com/mmcgruther/2009/07/18/thatll-be-10-ameros-sirmigo/

Medvedev Unveils “World Currency” Coin At G8

Russian President shows reporters example of “united future world currency”

Paul Joseph Watson
Prison Planet.com
Friday, July 10, 2009

In a highly symbolic moment at the G8 summit in Italy today, Russian President Dmitry Medvedev unveiled to reporters a coin representing a “united future world currency”.

“We are discussing both the use of other national currencies, including the ruble, as a reserve currency, as well as supranational currencies,” the Russian leader said at a news conference.

However, those who have downplayed the formulation of a world currency by dismissing it as merely a progression of SDR’s (Special Drawing Rights) and not something that would physically be used by citizens in a system of world government, were contradicted when Medvedev clearly outlined that the new currency would be “used for payment” by citizens as a “united future world currency”.

“This is a symbol of our unity and our desire to settle such issues jointly,” Medvedev said.

Full article here.

Also from a Bloomberg.com article:

For Russian President Dmitry Medvedev, the monetary future is now. At his closing press conference, Medvedev held up a golden coin bearing the words “united future world currency,” which he said was minted in Belgium and handed to G-8 attendees.

“Even the mints” are thinking about a post-dollar world, Medvedev said. The test coin “means they’re getting ready.”

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So once again, we see that the mainstream media buries the important stories, while overloading the American sheeple with the stuff that's much less important. Our so-called "major media" felt it was important to give us wall-to-wall Michael Jackson coverage for almost two weeks... but they're largely ignoring this story.

I'm no genius, but let's think this through here:
Who would issue this "united future world currency" that Medvedev is proposing? ... a united future world central bank?
And who would/could have the authority to administer such a central bank of the world?... a united future world government? Hmmm?

This thing is coming out of the shadows more and more. Truly, Satan is busy, building his endtime kingdom for the coming Antichrist. But still, most of the world is sleeping -- thanks in large part to a compliant media that has decided that the world government movement is not something that's important for the rest of us to know about. (Unfortunately, there are a lot of Christians too, who are oblivious to whats' going on, which is pretty sad in itself.)

Thank God for the internet, and for the fact that we dont have to rely on the major news outlets any more, to know what's really going on in our world.

RELATED LINK: www.FutureWorldCurrency.com