The War of the World currency

The below news articles are foretelling of the battle in the World over a World currency and to whom it will move to, if at all. Presently, the U.S. Dollar is the preferred currency, but the value of this dollar is much weaker then the EURO.

The American currency has been inflated tremendously during this current fiscal crisis. As this truth will finally become reality, will it depress the dollar so much that there is a run on it, that all the Nations of the World holding the dollar will try to be the first out of the gate to shed themselves of the deflation that this inflation will cause on their investment holdings?

China, the holder of 30% of the worlds wealth has a different idea. They want to go to a new currency known as the World Reserve currency printed by the International Banking Community. This currency is already in place, since 1931, but has yet to be distributed. The current debate is to administer 250 billion as soon as possible. But with Europe holding 8 of the 20 seats of the G-20, this prospect is in doubt.

The Euro has resisted the need to lower the currency borrowing by the European Reserve, named the World Reserve when the EURO was created. Though their banks are also in dire straights as the rest of the world, their currency is holding fast and as the world pulls out of this foray of fiscal debacle, the EURO will be manifold in strength.

It is a war of a monetary tsunami. The EURO could fail, the U.S. Dollar could collapse, China could lose much of the wealth. Which way will the world turn? Time will tell. As for what I think? Sorry, can't tell you.

• But one fact that makes one wonder is Iceland. They are the first to collapse and they are going to the EURO. Is that the wave that will result?
• Will the U.S. citizen uprising against the totalitarian Federal Government succeed and cause America to isolate from the World's fiscal folly?
• Will Europe be able to sustain the fiscal pressures of the debt on it's shoulders?
• Will China, Russia and those outside of the G-20 succeed in a new world currency?

God knows what the future holds once we have one world order.

R. George Dunn
***

Premier Wants Iceland to Join European Union
New York Times - United States
Ms. Sigurdardottir, 66, argues that membership, together with abandoning Iceland's currency, the krona, for the euro, would provide a shield for Iceland as ...
See all stories on this topic

World Bank, IMF say crisis becoming 'human calamity'
AFP
"No one knows how long this crisis will last," World Bank president Robert Zoellick told a news conference. Although the bank's finances are "in a strong ...

China Vice Fin Min Li Calls For Reform Of Intl Monetary System Wall Street Journal - USA In his speech Sunday, Li noted that the global economic crisis originated from the developed world, as diminishing demand from developed countries "is one ... See all stories on this topic

China Calls for Accelerated Timetable for Reform of World Bank CRIENGLISH.com - Beijing,China "Therefore, we should improve the regulatory mechanism for reserve currency issuance, maintain the relative stability of the exchange rates of major reserve ... The US Rapidly Losing Respect In The World InvestmentWatch By Daniel 'We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,' it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the ... Now, it is losing its ability to fund its military, economy, debt service, entitlements and is rapidly losing respect in the world. They will dump it like a hot potato if they think doing so will give them the one world government they have worked ... InvestmentWatch - http://investment-blog.net/ European Tribune - Community, Politics & Progress. By European Tribune The US Dollar will remain "a" major reserve currency for decades to come, if not the only one. While it is conceivable that the US Dollar will no longer be the dominant reserve currency (whether because the euro increases its share, .... This is also why a world currency won't happen. Since most value still comes from threatened violence and the ability to pillage and dominate smaller countries, a world currency without an army to back it up would be meaningless. ... Time to Short the EuroDollar With Forex Currency Trading? World ... By shidie35 I am sure many think currency trading is easy…however there are huge risks due to the leverage involved. It is not prudent to purchase any forex software or forex system to trade forex.There is a learning curve. One does not become a ...

Who is Geithner working for?

http://washingtontimes.com/weblogs/taras-two-cents/2009/Mar/12/the-ghost-of-geithner/#comments

The Ghost of Geithner

Tara's Two Cents (View Blog)

POSTED March 12 2009 1:22 PM BY Tara Wall

Will the real Timothy Geithner please stand up? Is what we've seen thus far the true Geithner, his disembodied spirit, or is he in fact a disembodied spirit? I'm going with the apparition. Which begs the question, is he the ghost of economies past, present or future? No one, not even him, seems to know. As spirits go, they're partly transparent -- sometimes seen without being heard or heard without being seen. Geithner is good at both.

President Barack Obama's opened his economic briefing Wednesday at "a[n] obvious critical time in the world's economy," he said and handed it over to Geithner, on the heels of his visit to the G20 Summit. Watching the brief, bumbling and wholly unimpressive remarks by the Treasury secretary, left me in wonderment --- just who was there? I'm thinking: "I can see you, lips are moving, but I can't really hear you." With all the government spending, talk of transparency, bank bailouts that have gone bust, more questions than answers during his not so informational announcement to unveil the administration's economic plan, surely the Treasury secretary would use the briefing as an opportunity to provide more clarity to the murkiness surrounding his ghostliness. 

"Everything we do in the United States will be more effective if we have the world moving with us."

Pretty vague. Anything else?

"We have a lot of work to do, but I think we can make a lot of progress."

Wow. And just how will we do that? Can you offer some specifics? No, that was it!  With just a few pat lines in under ten seconds, Geithner was done. Ghosts (like magicians) are great at illusional mind tricks -- saying something without saying anything at all. The money man with his own money problems took no questions from reporters and left President Obama offering "just one last point" in an attempt to elaborate on what Geithner could have offered:

"We have already started laying the groundwork. you're starting to see a lot of coordination at various levels, both in terms of financial regulators and those who are shaping potential stimulus packages in their own countries."

So that's the answer, not only are we now in the trillions worth of stimulus and pork spending, but we're encouraging other countries (some of whom we're indebted to), to do the same thing. Now that's a plan! I'm no economist, but that sounds a little reckless and condescending. With the madman Madoff sent off to a jail cell, approximately $1.2 trillion dollars in spending signed into law by President Obama just inside of 50 days, banks using bailout money for more bonuses and oversees investing, Americans are sick and tired of being sick and tired. The last thing they need is more double-talk from the man at the top....

***

My comment:

If I did not know better, I would say Geittner was speaking as a lackey for the One World Order crowd, no, I don't know better. 

 

Are they all staging for the failure of the U.S. Dollar in order to convert our Nation into surrendering to the One World Currency? 

 

This is getting very serious Folks.  WE need answers, not blindsided double talk.  Are we not a free people?  Are we going to be spreading our dollars overseas?  Is that the general welfare of the American People, or the international bankers?

 

Time for an audit of the Federal Reserve and of the gold they are supposedly holding for our Country.  Imagine a private company having the treasure of Fort Knox.

http://www.usmint.gov/about_the_mint/fun_facts/index.cfm?flash=yes&action=fun_facts13

 

RNCC- Fiscal Responsibility Starts Now *** REALLY?***

You think it is time to be serious and save this Nation or are you smoke and mirrors for the one world order crowd?  Washington does not adhere to the Constitution in hardly any manner what so ever.  If our GOP, who are called by conservative Founding Father values, would look up and do what is right, We would follow Passionately!!!

 

***

Note to Americans:

This would seem to be a BIG breakthrough.  It would be well to post this at your blogs, websites, groups - with a follow-up link to Aaron Russo's film (can use http://snipr.com/freedom2fascism ).

 

What's more, contact your local PBS station.  Send them this video, and request that they show "America: From Freedom To Fascism"

***

 

Ten percent of the tax revenue in the Federal treasury is derived from the individual income tax.  That is probably less then half of the heals on desks that could go find a constitutionally legal  job.  Simply do away with the IRS on individuals.  That would certainly stimulate our nations fiscal crisis and it would protect us from the dollar collapsing so that we will be manipulated into the One World Currency, the EURO!

 

If you truly want to hold the Democrats accountable, do it and know that there are four fingers pointing back at you.  You do not need money to stand for truth, not today.

 

May GOD Help Us,

R. George Dunn

 

Ps

America, welcome to the new media.  Let Truth Flourish!  Let us embrace individual State Sovereignties once more!  Let us sit down wisely and create a ten year plan to move the Federal programs back to Constitutional compliance.  Put social programs in the Board of Governors as voluntary programs to each State.

***

America: Freedom to Fascism - Director's Authorized Version - 1:51:16 - May 5, 2007
http://www.freedomtofascism.com - www.freedomtofascism.com

Over 3 million views before Google removed it. Get this on DVD now for $1 order at www.freedomtofascism.com

 

<<<America

Do not let Liberty and Freedom slip away.  It came to be by a heavy cost, and will not be retrievable in today's technology of warfare.  Demand Constitutional Conduct NOW!

"A heavy or progressive or graduated income tax is necessary for the proper development of Communism." - Karl Marx

If you want a progressive tax, try the Fair Tax Plan, at a constitutional spending level, say 4% for defense.

See you at the April 15th Tea Party!

See the Light,

George blogging at www.rgeorgedunn.blogspot.com

 

----- Original Message -----

From: Congressman Paul Ryan

To: rgdunn@veionline.com

Sent: Thursday, March 12, 2009 5:46 PM

Subject: Fiscal Responsibility Starts Now

Dear NRCC supporter, As the Ranking Republican on the Budget Committee, I am outraged by the wild and irresponsible spending under the current Democratic Congress. On top of the $787 billion "stimulus package" passed by the Democrats this year, Speaker Nancy Pelosi announced just yesterday that we need to "keep the door open" to another stimulus package. Another "stimulus package"?! Nancy Pelosi and the Democrats won't stop spending until our country is completely bankrupt! She and her far-left allies continue to believe that big government and expanded spending can solve anything. But, you and I know that big government and failed policies are not the answer. And today, I'm asking you to join me in holding Nancy Pelosi and her spend-thrift Democratic allies accountable. The NRCC needs your immediate support today. Will you follow this link to make an immediate donation of $25, $50, $100, $250 or more to help us put a stop to the Democrats' wasteful spending? Every dollar you give is put to work electing fiscally responsible candidates to the House of Representatives. The only way to stop the Democrats' unprecedented spending spree of your tax dollars is to elect a fiscally responsible Congressional majority in 2010 - and this is what the NRCC has set out to do. Every Republican vote for fiscal responsibility counts in putting a stop to the pork-filled, inflated spending bills from the Democratic far-left. And your urgent contribution of $25 or more is needed to get our message of responsible spending to the American people. With your support, we will be able to put a stop to the wasteful spending of your tax dollars and get our economy back on track. Thank you for your generosity and steadfast support. Sincerely, Paul Ryan Ranking Republican, Budget Committee P.S. I'm asking you to stand with me today by calling for fiscal responsibility. The NRCC is dedicated to electing a fiscally responsible majority in 2010 to put a stop to the Democrats' spending spree. And you can help us reach our goal by making an immediate donation of $25, $50, $100, $250 or more to the NRCC. Your generous financial support will make all the difference in our ability to put a stop to the reckless spending from the Democrats. Thank you. -Paul   Unsubscribe   Paid for by the National Republican Congressional Committee and not authorized by any candidate or candidate's committee. www.nrcc.org Contributions to the National Republican Congressional Committee are not deductible as charitable contributions for Federal income tax purposes.