4/11/09

World Economic Forum #2 Lays Groundwork For 666 Global Currency

update on: World Economic Forum #2 Set For April: Harmonious Cry For Global Financial System 2-23-09 (see post)
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The G20 moves the world a step closer to a global currency telegraph.co.uk

The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity.
A single clause in Point 19 of the communiqué 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 $250bn (£170bn) 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 half a 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.

There is now a world currency in waiting. In time, SDRs are likely evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China. Beijing's moves this week to offer $95bn in yuan currency swaps to developing economies show how fast China aims to break dollar dependence.

The creation of a Financial Stability Board looks like the first step towards a global financial regulator. The devil is in the details.

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re: "a step closer...a single clause...revolution"

By design, the highly anticipated G20 meeting of 4-02-09 turned out to be mostly nothing more than a good dose of 'globalization' rhetoric, which is very useful actually, serving the purpose of further numbing the collective mind of the masses to the inevitability of the idea. That nothing really concrete seemed to materialize from the 'summit' is inconsequential. It is all smoke and mirrors. The realization of the globalist agenda to create a world economy is not at all in doubt but rather is very carefully planned and being implemented 'step by step'. For this reason there need not always be a radical visible outcome when just a single step...or a single clause, unnoticed by those very masses, will suffice perfectly in bringing about "revolution in the global financial order".

All quietly, the foundation has been laid for the one-world monetary system which is already "outside the control of any sovereign body". Don't miss that little detail. It is done. Paying attention?

related: The dialectic at work. TIME magazine (4-9-09) shills for the global agenda/currency aka SDR's: Why Supplanting the Dollar Would Be Good for America
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compare:Maranatha Days
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"no man might buy or sell, save he that had the mark" Rev. 3:17

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