BREAKING NEWS: Less than a week after it was rejected in Europe, Chinese Central Bank governor Zhou Xiaochuan’s controversial proposal for a new global reserve currency has apparently been accepted by the UN.
According to the Sunday Telegraph on March 29, 2009, “A United Nations panel of economists has proposed a new global currency reserve that would take over the US dollar-based system used for decades by international banks.” The article also goes on to state what I’ve been posting about here for a while now concerning the possibility of hyperinflation in the US:
“With the US also borrowing trillions of dollars, it risks hyperinflation, which would considerably weaken the dollar.”
So the much-awaited moment has come for analysts like Peter Schiff and Jim Rogers who have been saying for years that the US’ position as world reserve currency would not last. The question now is whether oil will continue to be traded in dollars or not?
More updates on this to come; I’ll post them right here.
Related Posts - David Icke's New Video: "Emergency Broadcast - A New World Order"
- Short-Term Advantages of A Weak US Dollar Will Weaken Over the Long-Term
- China Pushes More Diversification In Foreign Exchange Reserves As Part of "Going Out" Strategy
- The US Will Never Again Run A Balanced Budget
- Caution Urged on US Dollar Reserve Currency Status By World Bank President
Related Articles From Other Websites
{ 1 comment… read it below or add one }
It is a very good signal that the United Nations does show this kind of independent view.
There was the suspicion that the the United Nations is under the strong influence of
the hegemonial and imperialistic USA,but this suspicion does not exist anymore,the
United Nations must be relocated to an independent and neutral area,this is important
for World Peace.Switzerland would be the ideal place to integrate the United Nations
Security Council,because the USA has the intention to use his own hegemonial ambitions upon the national members of the United Nations.The failures of the past should not be repeated in the future,like the crippeling economic sanctions against asian nations.The sanctions against Iraq are the best example,how future mistakes
can be avoided.The hostile USA has still the hegemonial intentions to make more santions against asian nations,there were many US-Wars against asian nations.
There are still ongoing wars on the asian continent and the reason is the presence
of the hostile USA on the asian continent.The national members of the United Nations
should make a common declaration for the USA.The national members of the United Nations should declare that the presence of the USA on the continental area of Asia is not welcome,this includes only the military presence of the USA in Asia,there should be a common understanding of noninterference for the USA.The USA is using political
arguments for excuses to maintain the military presence in Asia.The asian nations should declare that the presence of US-Forces are not welcome anymore in Asia,there
must be a common will to implement this new strategy,it depends on the willingness
of the asian nations,especially the leadership of Asia must have a common understanding,that the USA does represent a threat towards peace and stability in Asia and around the world,let the World Leaders take away the hegemonial power of the USA and that means that the world must get rid off the military presence of the USA around the world.There must be of course a stimulus for the World Leaders to accept
this new kind of conditions world wide and that means that the national members of the Asian Union should not hesitate to introduce the New Global Reserve Currency for the
World Markets and for the satisfaction of the World Leaders,it is matter of time until the entire world accepts the New Global Reserve Currency.There will be many new global reserve currencies for each continent does this mean one,like for the national members of the Asian Union the ACOM Currency,for the national members of the UNASUR the LATINO or SUCRE Currency and for the national members of the African Union the AFRICOM.There will be a intensive trade between this continental monetary unions and that means that there must be no dependence to trade with the USA,let the world isolate the USA,let them feel how it is to live under crippeling economic santions,there must be no aggreement by the UN to make santions against the USA,the result will be a Regime Change in the USA.The Regime Change in the USA will be wonderful for the world,because the world will get rid off from the biggest US-Bully power of the world,which does the USA represent.This US-Bully Power does represent a serious threat to world peace,there is no need to mention the many US-Propagandas and this US-Propaganda does really continue in the western media,the goal of this US-Propaganda is to destabilze many parts of the world.There is no need for the World Community to believe in the US-Presidents of the past and of the future,because it does not matter,which US-Presidents rule,they have the all the same ideological policy of US-Military Dominance and this US-Presidents does all present all the same US-Bully Policy.This serious US-Bully Policy does mean a serious threat to world peace,the World Community must take away the US-Hegemonial Bully Power and that means that the World Community must make the final decision to close down all US-Military Bases around the world,this is possible.The world must be multipolar and should not be ruled by one US-Bully Power,let the World Community take away the
US-Bully Power,if the US-Bully Power is taken away there will be world peace and the world will be multipolar,the Free World Community must get rid off of the US-Bully of
the world.We must change the course of the world in the favour of World Peace and that means the Free World Community must get rid off of the very aggressive US-Bully Policies around the world.No person in the world can change the course of the world
alone,we must act together and there are powers in the world,who wants to change the course of the world in the favour of world peace and wants to get rid off the biggest
hostile US-Bully Policies towards the Free World.Let us not forget that the US-Bully
Policies still function with the support of the western media,the Free World Community must break down the US-Bully Policies and that means that the Free World Community must make the final decision to undermine the military support for the USA and should forbid the presence of US-Militaries around the world,because with this
US-Bully Policies the USA does gain only power and does implement his own hegemonial will over many nations,but this must not continue around the world,it depends on the leadership of the World Community,as I mentioned the Free World
Community must take away the main source of power of the US-Bully and then all
the US-Bully Policies towards the Free World will cease to exist.The national members of the United Nations must have a common understanding of the US-Bully Policies
towards the Free World and the negative results of this kind of aggressive behaviour
towards the Free World Community,especially the US-Bully Policies towards the
Asian Nation,which does still continue under the pretext of false US-Bully Excuses and with the help of the western media.The United Nations must be relocated from the
USA to a neutral area,like in Switzerland in the city of Geneva,this will support the process of neutrality and this will not allow the hostile USA to influence the national members of the United Nations anymore with the US-Bully Policies.The relocation of the United Nations must happen as quickly as possible,to prevent any US-Bully Policy Influence towards the national members of the United Nations.The World Leaders must have a common understanding about this serious crisis,which does come from the USA and does still continue,if there is a common willingness to counter the hostile US-Bully Policy influence there will be World Peace.The World Peace will prevail and the hostile US-Bully Policies towards the Free World will fail,it is time for a world wide change in the favour of world peace and time is right for a common new global reserve currency.