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UN Calls For Bank Of The World, New Global Currency
Proposals for a new centralized economic world order
outlined in globalist report
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The United Nations has called for the establishment of a new
global reserve currency to be overseen by a bank of the world
in an effort to reduce the role of the Dollar in international
trade.
Details of the proposal were outlined in a report
from the UN Conference on Trade and Development. The report
also calls for the new global reserve bank to monitor and manage
the national exchange rates of member states.
“There’s a much better chance of achieving
a stable pattern of exchange rates in a multilaterally-agreed
framework for exchange-rate management,” Heiner Flassbeck,
co-author of the report and a UNCTAD director, told Bloomberg
News.
“An initiative equivalent to Bretton Woods
or the European Monetary System is needed.” said Flassbeck.
He also added that while the UN also backed strengthening
Special Drawing Rights (SDRs), a synthetic paper currency issued
by the International Monetary Fund that was dormant for half
a century until earlier this year, that would not be enough
to "protect emerging markets".
This latest call for a new reserve currency from
the UN echoes
previous efforts by the global body to initiate
talks on replacing the Dollar.
(Article continues below)
Meanwhile, an influential Chinese policy maker
has slammed
the US Federal Reserve's policy of printing money
to buy Treasury debt, declaring that it threatens to set off
a serious decline of the dollar and compel China to redesign
its foreign reserve policy.
Earlier in the year, China
expressed support for a Russian proposal for the
creation of a new supra-national global currency as an alternative
to the Dollar as the world reserve currency.
Other heavyweight elites such as French President
Nicolas Sarkozy, German Chancellor Angela Merkel, British Prime
Minister Gordon Brown, UK Business Secretary and top Bilderberg
member Peter Mandelson and EU heads such as Joaquin Almunia,
to name but a few, have called for a new economic world order
consisting of vastly increased overarching centralization.
The creation of a de facto world currency to supplant the Dollar
would likely lead to a complete collapse of the greenback, of
which trillions are held in in foreign exchange reserves by
many foreign countries.
As we have
repeatedly warned, the introduction of a new global
currency system is a key cornerstone in the move towards global
government, centralized control and more power being concentrated
into fewer hands.
Furthermore, a global
central bank will establish a de facto financial
dictatorship which will wield power over the economies of every
country on the planet with no accountability whatsoever.
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INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
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