On The Verge Of A One World Currency

[Wakeupcall]

Ahh... So I just may not be a lunatic

[atlantic]

China are looking to use the IMF special drawing right(sdr) ,I think its a makey up imf currency weighted against a basket of currencies.I think its gun to head time for the US and UK

[justcallmetex]

+1 David Icke as I reach for me Tin Foil hat

[Catalpa]

This sums it up.

YouTube - Congresswoman Bachmann Questions Geithner & Bernanke About A Global Currency

Look at Geithner after Bachman asks whether a new currency is planned. Remember he is under oath supposedly.

Then today he says the opposite at the CFR conference

Ben Smith's Blog: Geithner 'open' to China proposal - POLITICO.com

Very snazzy!

- Sarah Palin eat your heart out....

[X-ray]

What the hell would china do with the stacks of dollars they got since building up their trade unbalance with just about every country on earth?

Here's a conspiracy theory for ya ,china floods the world currency markets with all them dollars they got stashed away further destabilizing the U.S.A .

You have hit the nail on the head, thats exactly why they have all the dollars. They well and truely have the USA by the short and curlies. They can sink them on a whim. Obama might be second guessing them. Money we tend to forget is basically nothing, its an idea, and the idea is gonig out of fashion now that it does not suit the yanks. They are never going to repay the level of debt they have, just like the Irish wont. They will write it off and start again.

[Factorem]

Here's the latest on the new world's "super reserve currency".

[ame=http://www.youtube.com/watch?v=ds_qGXbxK-4]YouTube - Timothy Geithner Open To New Global Currency[/ame]

The G20 will be very interesting.

[Lthse]

You have hit the nail on the head, thats exactly why they have all the dollars. They well and truely have the USA by the short and curlies. They can sink them on a whim. Obama might be second guessing them. Money we tend to forget is basically nothing, its an idea, and the idea is gonig out of fashion now that it does not suit the yanks. They are never going to repay the level of debt they have, just like the Irish wont. They will write it off and start again.

That's not true, the Fed has increased the money supply from anywhere between 8 and 10 trillion Dollars, depending on which report you read. They have completely undermined the Dollar themselves much more than China's reserves could ever do.

On another point, could a global currency be a type of virtual currency like the ERM prior to the Euro, anyone any thoughts on this?

At the last G20 there was mumblings about the inconvenience and costs of exchange rates, which sounded like a softening up process.

[Vega1447]

The dollar being in the toilet is actually to the advantage of the US overall, if

It crucially also means that US debt goes through the floor, effectively they no longer need to pay off their massive borrowing.

Hi Dios.

Is US debt denominated largely in dollars?

Otherwise if the dollar goes South their National Debt goes North...

[youngdan]

Very snazzy!

- Sarah Palin eat your heart out....

The Hill’s Blog Briefing Room Bachmann bill would ban global currency

It gets even better. Call them all out and separate the globalists from the Americans. She must get as many co-sponsers as possible

[X-ray]

Hi Dios.

Is US debt denominated largely in dollars?

Otherwise if the dollar goes South their National Debt goes North...

Yes amazingly they borrow in dollars, so debt burden follows them down. I cannot see the USA wanting a world currency. That and control of oil is the only thing that makes them powerful.