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.

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.

It added that the present system, under which the dollar acts as the world’s reserve currency , should be subject to a wholesale reconsideration.

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 posited such a suggestion.

In essence, the report calls for a new Bretton Woods-style system of managed international exchange rates, meaning central banks would be forced to intervene and either support or push down their currencies depending on how the rest of the world economy is behaving.

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 Telegraph

[ The Coming of the Son of Man ] “Then there will be signs in the sun, moon, and stars; and there will be anguish on the earth among nations bewildered by the roaring sea and waves.”

You’ve seen the signs in the heavenly three, and that of the “roaring sea and waves” is representative of the people roaring, and the waves of discontent they ripple their governments with. As the financial collapse has effected all nations because all followed suit, so to will all feel the ripples of discontent as the domino effect takes place.

Where past greed by the Egyptian government is the cause of the Egyptian crisis, the United States, though also a government that has fuel greed among the elite, and squandered the wealth of its citizens by treating them as second class subservient workers to fuel the pocketbooks of other nations, it will fall into discontent because of its large debt being called upon to be paid to the nations it has borrowed from.

As the hidden insolvency comes to light due to the coming revelation that the gold reserve is depleted, all programs will be cut, and when no money is being used to quell those on hard times, the people will take to the streets and follow the pattern set by Egypt, because EGYPT is the setting for the reflection of the past when Moses delivered Yahweh’s children out of slavery.

Satan will lose this throne and gain another in the his installment to that of the European Union whom will issue the World currency that will soon come into existence.

You are each watching the pieces of the jigsaw puzzle fall into place.

Advertisements