According to Telegraph.co.uk "UN wants new global currency to replace dollar."
"The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world's monetary system since the Second World War." By Edmund Conway, Economics Editor, 07 Sep 2009,
"A number of countries, including China and Russia, have suggested replacing the dollar as the world's reserve currency. In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises. "
"Although a number of countries, including China and Russia, have suggested replacing the dollar as the world's reserve currency, the UNCTAD report is the first time a major multinational institution has poised such a suggestion.
The proposals would also imply that surplus nations such as China and Germany should stimulate their economies further in order to cut their own imbalances, rather than, as in the present system, deficit nations such as the UK and US having to take the main burden of readjustment."
"Replacing the dollar with an artificial currency would solve some of the problems related to the potential of countries running large deficits and would help stability," said Detlef Kotte, one of the report's authors. "But you will also need a system of managed exchange rates. Countries should keep real exchange rates adjusted for inflation stable. Central banks would have to intervene and if not they would have to be told to do so by a multilateral institution such as the International Monetary Fund."
The proposals, included in UNCTAD's annual Trade and Development Report , amount to the most radical suggestions for redesigning the global monetary system.
Although many economists have pointed out that the economic crisis owed more to the malfunctioning of the post-Bretton Woods system, until now no major institution, including the G20 , has come up with an alternative. The goal is for the G20 to transform the International Monetary Fund (IMF) into a global Federal Reserve System. It is the Federal Reserve System which has controlled the U.S. money supply since 1914. The Federal Reserve System has nothing to do with the "Federal" government. It is a secretive and private corporation owned by international banking interests who control our political system, economy and money. In short, since 1914 the U.S. Government ended being a government run by "we the people" and has been under the control of international bankers. The Council on Foreign Relations is run by the same people who run the Federal Reserve. Here we have two of the most powerful groups in America and the world and there is almost a complete media black-out on them. The average American knows nothing about them except disinformation. Anyone who brings up the "elephants in the living room" is marginalized and demonized. Both political parties are controlled by these groups and their agenda has been a one world economic system and a one world government for a long time. Although, they do not realize it they are a fulfillment of the ancient prophecies of Daniel when he predicted a Revived Roman Empire and the "Fourth Beast."
We are moving quickly to Revelation Chapter 13 which talks of a global government and a one world economic system along with a "mark of the beast." The majority of the Church in America and around the world in Western nations is the Laodecian Church which had lost its spiritual vision. The root cause for this is that especially the Church in America has been seduced into substituting the philosophies of men for the Word of God. We are far deeper into the great apostasy that the Apostle Paul warned us about in II Thessalonians than most people realize. False teachers and false prophets abound in our time, except they do not wear signs which say "false teacher" on them.
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