World Headed Toward a Single Global Currency
World Financial System Is Being Reconfigured - "Chinese Style"
America Marches Toward
The Kingdom Of The Anti-Christ
And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed. And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
Rev. 13:15-18
Soros And Friends Reorder Global Finance At New Bretton Woods
Apr. 10, 2011
Soros and friends reorder global finance at new Bretton Woods
By Mary Claire Kendall
http://washingtonexaminer.com/opinion/op-eds/2011/04/soros-and-friends-reorder-global-finance-new-bretton-woods#ixzz1J8CA46oT
While all the focus is now on the three-ring circus in Washington vis-a-vis passing the fiscal 2011 budget the Democrats failed to pass in 2010, up in New Hampshire this (past) weekend at Bretton Woods, the Institute for New Economic Thinking is convening a very important conference, "CRISIS and RENEWAL: International Political Economy at the Crossroads." It's no accident they're meeting on the very same site as the Bretton Woods Conference -- formally United Nations Monetary and Financial Conference -- that met from July 1-22, 1944, during World War II to plan the postwar financial world after the expected defeat of Germany and Japan. That's because the purpose of this weekend's conference is to reorder world finance in the wake of the near-collapse of the global financial system in 2008. Like Bretton Woods, they must expect some new calamity, with winners and losers.
The groundwork was laid a year ago at INET's inaugural meeting at which George Soros teed off with his "Anatomy of Crisis - The Living History of Last 30 Years: Economic Theory, Politics and Policy." "I am afraid," he said, "the current discussions miss the main point: namely that the recent financial crisis was not only a market failure but also a regulatory failure. "And what matters now is not so much who regulates, but how. Regulators ought to undertake a course of critical self-examination - Chinese style." Soros, by the way, is funding this initiative to the tune of $50 million whereby 200 academic, business and government policy leaders focus on "establishing new international rules" and "reform the currency system." Maybe that's why President Obama is cool as a cucumber -- spending nearly a billion to invade Libya without breaking a sweat despite the fact we are broke, and skipping town to campaign for his 2012 re-election in the middle of tense budget negotiations. Obama knows the world financial system is being reconfigured - "Chinese style." He may be reasoning that "George has got my back."
America is worn out from funding the world's needs, so now, lagging behind financially as a result, it's time to reorder the global financial order to reflect present-day economic realities. And, boy have we shelled out the dough. Just a week ago, on April Fool's no less, Federal Reserve Board Chairman Ben Bernanke lost his two-year battle to protect "crisis-squeezed" banks from the "stigma" of having received "public loans" during the 2008 unraveling. What was revealed is that foreign interests disproportionately benefited from American largesse - including local governments in Belgium, a Japanese fishing-cooperative financier and a company part-owned by the Central Bank of Libya. Brussels and the Paris-based Dexia SA (DEXB) borrowed some $33.5 billion from the Fed's 97-year-old "discount window" lending program and Dublin-based Depfa Bank Plc (a German real-estate lender took it over in 2007, before it was seized by the German government), drew $24.5 billion.
At the peak of the crisis during the record surge in October 2008, 70 percent of the $110.7 billion borrowed went to foreign banks. These disclosures - contained in Fed documents released in response to a Freedom of Information Act request - will surely prompt a re-examination of the risks U.S. taxpayers bear because of the Fed's role in global financial markets. All the while, Americans can't get loans to start and/or invest in businesses or afford a home; two-thirds of consumers can't even afford to refinance their mortgages, often to avoid defaulting. With Soros and company picking winners and losers - "Chinese style" - little wonder Donald Trump - as canny as they come, vis-a-vis America's global financial position - is surging in the polls among Republican presidential primary voters. (Mary Claire Kendall served as special assistant to the assistant secretary for health, U.S. Department of Health and Human Services, from 1989 to 1993.)
Soros Convenes “Bretton Woods II”
“The main obstacle to a stable and just world order is the United States.
The time has come for a very serious adjustment....”
Apr. 10, 2011
Soros Convenes “Bretton Woods II”
By Pete Papaherakles
http://www.americanfreepress.net/html/bretton_woods_ii_265.html
Internationalist billionaire George Soros is holding his international conference April 8 to April 11 at Bretton Woods, N.H., the noted birthplace of the World Bank and the International Monetary Fund, where he plans to “rearrange the entire financial order,” as he noted in a November 2009 article in The Japan Times Online. This “Bretton Woods II” comes along just as the Trilateral Commission will be meeting at the same time in Washington, D.C. With an apparent goal of creating nothing less than a new global economy, Soros is spending $50 million in New Hampshire to bring together up to 200 academic, business and government policy leaders under his Institute for New Economic Thinking (INET).
As AFP goes to press, the attendees are to include ex-Fed Chairman Paul Volcker, former British Prime Minister Gordon Brown and World Bank executive and Nobel Prize winner in economics Joseph Stiglitz. The conference is slated for the Mount Washington Hotel, site of the historic 1944 Bretton Woods conference, which established the post-World War II international financial architecture. Soros chose this site because he expects his proposed reforms to be as radical as those promoted by British economist John Maynard Keynes, the much-praised “genius” of the original Bretton Woods project. Keynesian economics have been portrayed as a cure to the Western world’s postwar devastation, in that governments were liberated of money creation restrictions imposed by the gold standard, even while global financiers controlled much of the world’s gold like they do now. Governments, under the new paradigm after the war, were encouraged to promote economic growth and macroeconomic stability by creating more debt-based money for everything that ailed the economy—debt that has brought most of the world’s economies to the brink of bankruptcy.
Now Soros comes along as the new Keynes to save the day by proposing another miracle solution to our problems, couched in lofty doublespeak such as “reform,” “cooperation” and “equal participation.” Soros is proposing the end of sovereignty as we know it. “Reorganizing the world order will need to extend beyond the financial system,” Soros wrote in his opinion piece. Soros is saying that a washed-up America should be replaced by a world government with a global currency under UN rule. He also advocates that China should be top dog while we play second fiddle. What Soros doesn’t say is that two decades of outsourcing U.S. industry, opening the borders and bankrupting the economy with pointless wars and other debacles have been intentionally orchestrated so that now international bankers can tell the world the system is broken and that the individuals who broke it need to show us how to fix it. Georgy Schwartz, aka George Soros, is a Hungarian Jew who has been described as anti-God, anti-family and anti-American. By his own admission he even helped confiscate the homes of fellow Jews in Hungary in 1944.
In an interview with Steve Kroft of 60 Minutes he said 1944 was the best year of his life. Asked by Kroft if he felt any remorse, he answered, “No, not at all; I rather enjoyed it.” “No feelings of guilt?” asked Kroft. “No,” answered Soros, “only feelings of power.” Soros made his first billion as a currency speculator in 1992 by shorting the British pound and causing misery to millions of hardworking British citizens. He went on to cause the 1999 Russia-gate scandal, almost collapsing the Russian economy. It was described as “one of the greatest social robberies in human history.” He did the same to Thailand and Malaysia in 1997, causing the Asian financial crisis of that time. Malaysian Prime Minister Mahathir Mohamad called him “a villain and a moron,” while Thailand's PM referred to him as “Dracula.” He also helped dismantle Yugoslavia and caused major trouble in Japan, Indonesia, Georgia, Ukraine and Burma by raiding their economies. Soros also fosters cultural degeneracy by supporting abortion rights, atheism, drug legalization, sex education, euthanasia, feminism, gun control, globalization, mass immigration, gay marriage etc. Soros funded Barack Obama’s campaign and often visits the White House. At 81, taking down America appears to be his final challenge. “The main obstacle to a stable and just world order is the United States. The time has come for a very serious adjustment,” he said.
Is the World Headed Toward a Single Global Currency?
April 8, 2011
Is the World Headed Toward a Single Global Currency?
EcommerceTimes
http://www.blacklistednews.com/Is_the_World_Headed_Toward_a_Single_Global_Currency%3F/13418/0/38/38/Y/M.html
Many economists, including Paul Krugman and Nouriel Roubini, have argued that the European Monetary Union is in trouble because of the fiscal difficulties of a few of its member countries. Some have predicted that the euro will fail. Because the prospects for a future single global currency depend upon the continued success of the euro and the currencies of other monetary unions, I discussed the euro with Morrison Bonpasse, president of the Single Global Currency Association, to get his insight into this situation.
Theodore F. di Stefano (TdS): What's wrong with the euro, and why are some economists looking askance at it?
Morrison Bonpasse (MB): Very little. The problem is that it's a currency of 17 countries issued by a single central bank, and is therefore not subject to the fiscal difficulties of the government of any one country. However, because currency traders and others are so used to thinking that governmental fiscal problems guarantee monetary problems, the euro has been criticized.
TdS: Why don't the problems of Greece, Ireland, and Portugal translate into problems for the euro?
MB: It's because the value of the currency depends upon the soundness of the issuing bank and the people's confidence in that bank's stewardship. It does not depend upon the fiscal soundness of any one country. When New York almost went bankrupt in 1975, the value of the U.S. dollar was not in jeopardy. The State of California now has a large deficit to control, and, again, there is imperceptible risk to the dollar.
TdS: What if Greece, Ireland or Portugal goes bankrupt? Wouldn't that affect the euro?
MB: Not necessarily. If a euro member state goes bankrupt, then its creditors, or bondholders, will obtain what they can obtain in euros, just as if the bankrupt state were a bankrupt corporation or a person. Such partial payments would be in euros and not some inflated national currency. Of course, fiscal difficulties drive up the required interest rates for loans to such governments, but the value of the currency should not be affected.
TdS: Why are you optimistic about the future of the euro?
MB: European countries are seeking to join, and not run away from, the euro. Estonia just became the 17th euro zone country. Other countries are waiting to fulfill the admission criteria. It's a difficult decision for countries, but the historic direction is clear. Over the past year the value of the euro, in dollar terms, has fluctuated between (US)$1.20 and $1.45, and is now at $1.38. There are presently 27 European Union Countries, soon to be 31, and all but three of the 10 non-euro countries are required to join the euro at some reasonable point. The three exceptions are Denmark, Sweden and United Kingdom, and even for them, it's a question of when, not whether.
TdS: What about Paul Krugman's point in his January 16, 2011, New York Times Magazine article, "Can Europe Be Saved?" -- that having its own currency has helped Iceland climb out of its recent financial crisis?
MB: If Iceland had been using the euro in 2008, its financial crisis would not have become a devastating currency crisis. Paul Krugman compared Iceland to Brooklyn and noted that it makes no sense for Brooklyn to have its own currency because its economy is enmeshed with that of its neighbors. In a global, digitized world, Iceland's economy is enmeshed with that of its neighbors, too -- even if separated by an ocean. Iceland is one of the four current "Candidate Countries" to join the European Union, with membership expected in 2012. Then the process for joining the euro zone would begin, as required for new EU members.
TdS: Why did you say that moving to a future Single Global Currency depends upon the success of the euro?
MB: Presently, the world has regional monetary unions, such as the European Monetary Union, the Eastern Caribbean Monetary Union, and the West and Central African Monetary Unions. The EMU is the largest and most successful and is growing, and is a model for future monetary unions, including the future Global Monetary Union. Several Persian Gulf countries are forming a monetary union, as are several East African countries. As the euro zone grows, people around the world are increasingly asking the question: if it works for 17 countries, soon to be 31, why not for 192?
TdS: How would the world implement a single global currency?
MB: The world would implement a single global currency by expanding existing monetary unions, by folding them into a single global currency. The Single Global Currency can be said to exist when these currency consolidation trends create one currency for countries representing approximately 40-50 percent of the world's GDP. After that, we will have passed a "tipping point," and the remaining countries will clamor to join.
TdS: How are you spreading the word around the world about your belief in the need for a single global currency?
MB: We have a website, and we have published a book, The Single Global Currency - Common Cents for the World, and the subsequent 2009 edition of that book. When the people of the world learn how good a single global currency will be for them and the world, the movement toward that goal will accelerate.
Conclusion
The Gulf State currency is rumored to be called the "Gulo." World region currencies will be based on the Euro. The African Union is planning on calling their currency the Golden Mandela. The North American Union is rumored to call their currency the Amero. South America has formed a Union and is soon to follow with their currency. Central and Eastern Asia are in the planning stages for their Unions. Why the planned bankruptcy of the United States, Canada, and England? Americans and Canadians will not stand for a Union and regional currency. The forced bankruptcy of those nations will bring the citizens pleading for a common currency to maintain their lifestyles. England still has not accepted the Euro and they will be bankrupted into pleading to switch over to the Euro.
The Bible prophecies of 10 kingdoms that will arise during the end-times (see Playing Monopoly With The Devil). These kingdoms will be taken over by the anti-Christ and a one world government will be born, the new world order. The ten kingdoms will be 10 federated unions which are currently being formed. Each of these unions will form their own currency until the one world government will demand all currencies be joined to one central bank with one global currency. The "Phoenix" was a name for that currency being talked about during the early 1980's. Once the global currency is established, a truly global and cashless society will be forged. All exchanges will be done electronically. No one may buy or sell unless they have an electronic number to bank with, which will eventually be implanted in the right hand or forehead. The new number will be tied to worship of the anti-Christ. Anyone who refuses to worship the anti-Christ and take his number will not be able to buy, sell, bank, or pay bills.
And the ten horns which thou sawest are ten kings, which have received no kingdom as yet; buy receive power as kings one hour with the beast. These have one mind, and shall give their power and strength unto the beast. (Rev.17:12-13)
And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is
Six hundred threescore and six (Rev. 13:16-18).
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