The Secret Order of the Illuminati (A Brief History of the Shadow Government) March 15, 2011
When the "elite" crash the world's fiat currencies, some will call for a new "Global Currency"
Special drawing rights issued by the International Monetary Fund could be used as an international reserve currency, Hu Xiaolian, vice-governor of the People's Bank of China. Hu told a symposium organized by the Bank of Paris that volatility in exchange rates among existing reserve currencies – which include the U.S. dollar – affects commodity prices and causes problems for other nations ... Hu said the SDRs have "a potential role to play as an international reserve asset." – Wall Street Journal
Dominant Social Theme: The time has come to make a change. The IMF can lead the way to global financial efficiency.
Continues ...read more ..
Free-Market Analysis: So much of the world's economy is in flux these days. The Middle East suffers from serial color revolutions. In Europe, the euro is faltering because of the Sovereign debt crisis. Despite comforting predictions from the Obama administration, America remains mired in a stubborn recession with commensurate job loss and growing inflation concerns while their currency spirals towards the fiat-money graveyard that inevitably hosts all value-delinked paper currencies.
Japan's economy will drastically be effected by the fallout of their nuclear disaster. The yen ... what will become of the Japanese Yen?
Even China, the world's engine of prosperity is having its problems. Price inflation has sent real estate into the stratosphere and food too has grown dangerously costly. Chinese leaders are in a dilemma: If they push too hard to tame price inflation, they may choke off the economic growth they so desperately need. If they do not do enough, price inflation will spread and the economy itself will become unmanageable.
Within this context it is tempting to hypothesize that the Anglo-America elite that has created the world's economy over the past 100 years (see City of London) is willing to let social and economic chaos blossom in order to justify the transition to a true global economy and a global currency as well. The International Monetary Fund has been especially outspoken on this issue, proposing that its SDRs constitute the beginnings of a global currency.
