- · It's Not 1929, but It's the Biggest Mess Since http://www.theglobeandmail.com/servlet/story/LAC.20080118.ECONOMY18/TPStory/Business/columnists
- · Bringing bankruptcy home http://www.latimes.com/news/printedition/opinion/la-oe-kemp18jan18,1,609664.story?ctrack=1&cset=true
- · U.S. economy teeters on the brink http://www.theglobeandmail.com/servlet/story/LAC.20080118.ECONOMY18/TPStory/Business/columnists
When America sneezes, we catch a cold. Already it is becoming global .....
- · Panic selling shuts £2bn fund http://www.guardian.co.uk/money/2008/jan/18/property.moneyinvestments
The following is an excerpt from Cuttingedge.... we are slowly but inexorably moving towards the One world currency....
I. Finally, global banking leaders confirms what Cutting Edge has been saying for years, i.e., that a severe crisis will be needed to allow the world to move into a global currency and global economy! This article further demonstrates that the decline of the American Dollar is planned, just as we have been stating for a long time.
NEWS BRIEF: "One World, One Money - “International monetary reform usual becomes possible only in response to a felt need and the threat of a global crisis", By Carl Teichrib, Chief Editor, Forcing Change News, December, 2007 Edition
"A global economy requires a global currency.”
— Paul Volcker, former Chair of the US Federal Reserve"If you want a single world currency, it requires an international banking structure armed with a monetary policy on a planetary scale. Essentially, the requirement for a single global currency is a bank that has power over all countries, kindred, and tongues ... the idea of a single global currency has been quietly batted around in banking and economist circles since the closing days of the Second World War. Over the years this call has increased in intensity ... In 2007, the Council on Foreign Relations propelled the idea of a planet-wide currency restructuring by publishing an article in it journal, Foreign Affairs, titled “The End of National Currency.” [Note: on the cover of this Foreign Affairs issue, the article is titled “One World, Too Many Monies.”]
"Benn Steil, the Director of International Economics at the CFR, wrote that national money systems should be abandoned, 'Since economic development outside the process of globalization is not longer possible…' Stated even more succinctly, 'Monetary nationalism is simply incompatible with globalization'. And, 'In order to globalize safely, countries should abandon monetary nationalism and abolish unwanted currencies…' "
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We have been teaching this for a long time now. The American Dollar is planned to go into steep decline so a world currency -- or perhaps a regional currency like the Amero -- can be established. Just before all Americans lose every Dollar asset they own, some brilliant economist will step forward to propose a switch to a regional or global currency! Americans will breathe a sigh of relief, as they realize that the switch to a new currency will preserve their monetary assets and their way of life.
What can avert such a global calamity? Stein has that answer, too.
"In order to avert the crisis, all that nations need to do is relinquish sovereignty before the problem become insurmountable. 'Governments must let go of the fatal notion that nationhood requires them to make and control the money used in their territory. National currencies and global markets simply do not mix; together they make a deadly brew of currency crisis and geopolitical tension...' "
Now, you know the truth!