May 8, 2011

The Step by Step plan towards 'A Single Global Currency'

The Step by Step plan towards 'A Single Global Currency'

The following is an excerpt of a chapter by Ellen Brown from the new book by Global Research Publishers, "The Global Economic Crisis: The Great Depression of the XXI Century."

The London Telegraph in April 7 released: 

"The G20 Moves the World a Step Closer to a Global Currency"

Ambrose Evans-Pritchard wrote:

"A single clause in Point 19 of the communique issued by the G20 leaders amounts to revolution in the global financial order."

"We have agreed to support a general SDR allocation which will inject $250 billion into the world economy and increase global liquidity,' it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for a half of century"

"In effect, the G20 leaders have activated the IMF's power to create money and begin global 'quantitative easing'. In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it."

You must have heard about the single global currency. It is often related with the conspiracy theory: New World Order.

Where the world governed under a single government system.
It means that every financial system, social and security will be merged into one global system. 
One of the tools most needed for this purpose is the single global currency.

Now let's put aside the conspiracy theory.

There is no way we can change the world system in one-day solution. But a step-by-step plan is already in the course.

European Union Single Currency Symbol

In 1999, European union merged their currency into a single currency: EURO.

The Britain refused to use it and stay with their GBP (Great Britain Poundsterling)

The Gulf Cooperation Council has the objective to establish a common currency in 2010. The proposed single currency: Khaleeji, which mean 'of the gulf'.
source: tradingmastermind
Gulf Cooperation Council has the members as follow: Saudi Arabia, Kuwait, Oman, Qatar and Bahrain. United Emirates Arab has decided to withdraw from the monetary union project after it was announced that the central bank for the monetary union would be located in Riyadh.

However United Emirates Arab will re-embrace the monetary union project only if the conditions change in such way that they pay the host for its central bank.


The Asian countries has also prepared for the possibility in creating a single common currency to be used among ASEAN bloc (Indonesia, Brunei, Burma, Cambodia, Laos, Malaysia, the Philipines, Singapore, Thailand and Vietnam) plus China, India, Japan, New Zealand, South Korea and Australia discussed several issues on enhancing connectivity and empowering globalization.

To show its enthusiasm, China pledged to create a $10 bilion fund to build needed infrastructure in China and ASEAN states.

Susilo Bambang Yudhoyono, President of Republic of Indonesia
The President of Indonesia, Susilo Bambang Yudhoyono have stated his opinion that Indonesia and the global world would need to have a single global currency.

The main purpose is to maintain the balance of the global economic.

The significant proportions of United States and European Union's economy to the Global GDP (Gross Domestic Product) means that if they fall, the world will fall with them.

He hoped that the East Asian would be a new power in the world order.

"This is the balancing of power. If they group together (America, European and Asian), one of them will be the sustainer." He said.

For further reading, please visit: The Secret Plan For a New Global Currency
on the It is the Free Daily financial market analysis and forecasting publiher.

Share This

No comments:

Post a Comment

About ArrowFX

Technically analyze the forex market mainly on USDJPY, EURUSD and GBPUSD by using market rhythm method started by Philip Nel on Forex Factory. The thread started on 2007 and still alive.
Designed By Blogger Templates