Taking their lead from China and Russia, the UN has proposed a global currency to replace the dollar
From the excellent Cranmer Blog
Taking their lead from China and Russia, the UN has proposed a global currency to replace the dollar, because the evil dollar is responsible for all the world’s present financial woes. A new IMF-backed global currency is part of a plan to reduce the relative power of the US in the international economy by replacing the dollar reserve system with a global reserve system.
A world currency is, of course, nothing new: Keynes proposed it in 1946 at Bretton Woods.
But the time was not then right, for there was no world government.
As many will know – and as the UK has learned from the introduction of the euro – a universal currency needs to be preceded by a period of fixed exchange rates which must be legally enforceable. There must be agreed convergence criteria, including the strict control of budget deficits and the control of inflation. And some higher power must have the authority to inflict penalties upon nations which deviate from these criteria or transgress the treaty provisions.
The received orthodoxy is that economic unions demand currency unions; currency unions require trans-national banks; trans-national banks require supra-national governments.
Enter the EU, the North American Union, the African Union, the Mediterranean Union… and the UN.
A world currency requires a world bank. A world bank implies a world government.
In 1802 Thomas Jefferson observed: “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
And he said more:
“The art and mystery of banks… is established on the principle that ‘private debts are a public blessing.’ That the evidences of those private debts, called bank notes, become active capital, and aliment the whole commerce, manufactures, and agriculture of the United States. Here are a set of people, for instance, who have bestowed on us the great blessing of running in our debt about two hundred millions of dollars, without our knowing who they are, where they are, or what property they have to pay this debt when called on; nay, who have made us so sensible of the blessings of letting them run in our debt, that we have exempted them by law from the repayment of these debts beyond a give proportion (generally estimated at one-third). And to fill up the measure of blessing, instead of paying, they receive an interest on what they owe from those to whom they owe; for all the notes, or evidences of what they owe, which we see in circulation, have been lent to somebody on an interest which is levied again on us through the medium of commerce. And they are so ready still to deal out their liberalities to us, that they are now willing to let themselves run in our debt ninety millions more, on our paying them the same premium of six or eight per cent interest, and on the same legal exemption from the repayment of more than thirty millions of the debt, when it shall be called for.”
Cranmer exhorts his readers and communicants to mediate upon the wisdom of this greatest of presidents, for he is talking of those people who bestow upon us the great blessing of trillions of dollars worth of debt, without our knowing who these people are, where they are, precisely what is owed, or what property they have the right to seize in order that the debt may be paid off when it is called in.
Welcome to the New World Order.
All that is missing is a One World Religion.
Or perhaps it is being revealed.
Tags: Politics