UN Panel Touts New Global Currency Reserve System

I’ve mentioned a couple of times in recent weeks that global leaders are now telling us that the world’s currency system has become unstable and should be replaced. We’re told that this instability is caused by the current global financial crisis – which is pressuring the value of the world’s reserve currency – the U.S. Dollar (if we also consider the Fed’s recent decision to print another $1.5 trillion dollars – it’s easy to understand the concern). We’re beginning to see these same leaders propose a new global currency to replace the U.S. Dollar as the world’s reserve currency.

It now appears that the United Nations is also proposing that the world move to a new reserve currency (article below). This shouldn’t be a surprise to anyone.

I’m not going to go into any additional details about the plans of the global elite – because I don’t really need to convince you myself. I’m going to let the world’s leaders confirm in coming months what I’m telling you. I’m simply going to tell you exactly what is happening and why – and let world events confirm the truth.

This global financial crisis has been orchestrated for one purpose – absolute control of the world’s monetary and economic system. You and I are told things on the surface through mainstream media – while the truth is hidden in the shadows. Here is the truth. Here’s what you and I are going to see in coming months/years:

1. More and more rhetoric from world leaders and global organizations (CFR, United Nations, etc.) touting a new global financial/monetary system that will ‘solve’ the problems inherent in the current system. The current economic ‘problems’ are - unsustainable debt and money growth, deflation, hyper-inflation, etc. – problems that we now know are caused by the current system itself.
2. The world’s existing monetary/economic system will continue to deteriorate and eventually collapse.
3. When the current system collapses – things will become very chaotic for a time. Civil unrest will become much worse across the globe.
4. After the collapse – you and I will quickly see the ‘solution’ appear – a new monetary system with a new global currency.
5. Much of the world will embrace the ‘solution’ – because they do not see or understand the danger (no true biblical knowledge or understanding).
6. Once the global elite institute a new global monetary system with one currency – we’ll begin to then see world leaders speak about joining governments into one interconnected global governing body.
7. We should expect future ‘events’ – similar to September 11, 2001 – false flag operations that will strike fear among the world’s population – and many will agree to give up their freedom for security – falling into Satan’s snare.
8. From the world’s perspective – the new global government will eventually have 10 leaders representing 10 regions of the earth. These leaders will receive their orders and direction from the global elite (the ‘beast out of the earth’ of Revelation chapter 13).
9. There is no way to know a timeframe for the events mentioned above – but I believe our world is about to deteriorate rapidly in the coming months.

So – how can you know what I’m telling you is true? If I’m wrong – then President Obama’s ‘stimulus’ packages will revive the economy. The U.S. recession will end and our economy will begin growing again. The Federal Reserve’s actions will not destroy the value of the dollar and inflation will remain stable. The world’s economy will also recover – and every nation will somehow figure out a way to keep an exponential monetary system functioning in a finite world. There will be no future global currency or global monetary/economic system.

However, if I’m right – then the economy of the United States and the world will collapse in coming months and you will begin to see the things mentioned above. The many government ‘stimulus’ packages will fail to revive the U.S./World economies – while bankrupting the world’s governments. The Federal Reserve’s actions will destroy the value of the dollar and interest rates and inflation will sky-rocket. Our private banking system will fail under the weight of decades of exponential debt growth. We will begin hearing world leaders mention a new ‘system’ to replace the world’s shattered economy - a ‘system’ that will be heavily regulated by the world’s government – eventually leading the world into bondage.

You’ve seen me reference certain quotes or scenes from the movie ‘The Matrix’. The reason is because so many of us are living in a fantasy world very similar to the computer simulation in that movie. In the movie – billions of people live their lives as if they are free – but in reality – they are living in complete bondage – and they don’t know it. You now understand how this is taking place in our world.

“You have to understand, most of these people are not ready to be unplugged. And many of them are so inert, so hopelessly dependent on the system that they will fight to protect it." –Morpheus (The Matrix)

We want to believe that everything is A-OK in this little fantasy world that we’ve created for ourselves – as if we deserve to be the wealthiest, most powerful nation on Earth. We believe, in the world we’ve created for ourselves, that we are the masters of our universe – that we control what’s going to happen by our strength alone. We want to believe that in this world our leaders will do what’s best for us and we ignore the quiet warnings in our minds telling us something different. What you’ve discovered in this blog is that you’ve been living in a world that has been pulled over your eyes to blind you to the Truth.

From a spiritual standpoint – you have probably wondered why God would allow the world’s economy to collapse. It’s a simple answer – much of the world has turned away from Him – and as a result – the world is being tested. His true warriors will emerge – in preparation for the end of this age.

“Since you have kept my command to endure patiently, I will also keep you from the hour of trial that is going to come upon the whole world to test those who live on the earth. I am coming soon. Hold on to what you have, so that no one will take your crown. Him who overcomes I will make a pillar in the temple of my God. Never again will he leave it. I will write on him the name of my God and the name of the city of my God, the new Jerusalem, which is coming down out of heaven from my God; and I will also write on him my new name. He who has an ear, let him hear what the Spirit says to the churches.” (Revelation 3:10-13)

You’ve probably also wondered how I knew many of these things would happen. I assure you – I could not have understood these things on my own nor could I have done these things on my own. For the first 34 years of my life, my focus was elsewhere – my focus was on myself and my world. I was living in the Matrix. We like to proclaim the same message as Agent Smith in the movie – and if we never change – we will suffer the same fate as him.
“This is my world! MY WORLD!” –Agent Smith (The Matrix Revolutions)
In May of 2005, the Lord called to me, asked me to give up my worldly pursuits and follow Him. I took a brief look at my life and the world around me – and I dropped my selfish pursuits – walked away from the world - and started following the Lord. The past four years have been what I would call a spiritual boot camp – as I have learned the Truth about God, His ways, His character, His prophecies – and what His enemy is doing in the world. I am no longer living in the Matrix – I’m now living in the real world – and I can see and understand clearly. If there is one point in the movie that relates to each one of us – it’s the scene below. God offers each one of us the chance to overcome the world and be with Him – and each of us must choose.

"This is your last chance. After this, there is no turning back. You take the blue pill -- the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill -- you stay in Wonderland and I show you how deep the rabbit-hole goes." –Morpheus (The Matrix)

With all of the information you have been given on this blog - you have now been armed with the knowledge to see through Satan’s lies. Get yourself ready – our battle is just beginning.

"There is a difference between knowing the path and walking the path." -Morpheus (The Matrix)

jg – March 29, 2009
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UN Panel Touts New Global Currency Reserve System
AFP 2008
Mar 26 04:09 PM US/Eastern

A UN panel of expert economists pressed Thursday for a new global currency reserve scheme to replace the volatile, dollar-based system and for coordinated steps by rich countries to stimulate their economies.
"A new Global Reserve System -- what may be viewed as a greatly expanded SDR (Special Drawing Rights), with regular or cyclically adjusted emissions calibrated to the size of reserve accumulations, could contribute to global stability, economic strength and global equity," the panel said.
As part of several recommendations to tackle the global financial crisis, the panel also noted recovery would require all developed countries, in the short term, to take "strong, coordinated and effective actions to stimulate their economies."
And it stressed the need to "lay the basis for the long-run reforms that will be necessary if we are to have a more stable and more prosperous global economy and avoid future global crises."
The commission, led by US economist Joseph Stiglitz, a frequent critic of globalization and unbridled free markets, is primarily aimed at finding solutions for developing countries.
On the monetary front, Stiglitz, the 2001 Nobel economics laureate, told a press conference here there was "a growing consensus that there are problems with the dollar reserve system.
He noted that such a system was "relatively volatile, deflationary, unstable and (had) inequity associated with it."
"Developing countries are lending the United States trillions dollars at almost zero interest rates when they have huge needs themselves," Stiglitz noted. "It's indicative of the nature of the problem. It's a net transfer, in a sense, to the United States, a form of foreign aid."
This week, China's central bank chief Zhou Xiaochuan suggested the dollar could be replaced as a reserve currency by an International Monetary Fund (IMF) basket comprising dollars, euros, sterling and yen, saying it would not be easily influenced by individual countries.
But the UN panel warned that a two (or three) country reserve system "may be equally unstable."
It said a new Global Reserve "is feasible, non-inflationary and could be easily implemented, including in ways which mitigate the difficulties caused by asymmetric adjustment between surplus and deficit countries."
Stiglitz said his panel's experts were currently trying "to lay out the conceptual framework of how this might be done."
The issue of the world currency reserve is expected to be raised at the April 2 summit of the G20 club of developed and emerging economies.
On Wednesday IMF managing director Dominique Strauss-Kahn said that talks on a new global reserve currency to replace the US dollar were "legitimate" and could take place "in the coming months."
But US Treasury Secretary Timothy Geithner earlier defended the dollar as a key global reserve currency.
"I think the dollar remains the world's standard reserve currency, I think that's likely to continue for a long period of time," he said.
Among other recommendations, the Stiglitz panel proposed western aid to help developing nations out of the crisis, better market regulation, a reform of central bank practices and of international financial institutions, as well as the creation of a new structure such as a United Nations economic council.
It specifically called for immediate, additional funding for developing countries "just to offset the imbalances and inequities created by the massive stimulus and bail-out measures introduced by advanced industrialized countries."
It said the funds could come through the issuance of SDRs approved by the IMF board in 1997.
SDRs are an international reserve asset, created by the IMF in 1969 to supplement the existing official reserves of member countries and support the Bretton Woods fixed exchange rate system.
They are allocated to member countries in proportion to their IMF quotas.