Socio-Economics History Blog

Socio-Economics & History Commentary

Bob Chapman: Illuminati Banksters’ Final Moves To Bankrupt The World And Push For World Government!

February 27, 2010 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , | 10 Comments

Lindsey Williams: The Elite Speak (Disk 3 of 3), War Is Planned After 18 Months!

Part  5  ,  Part  6  ,  Part  7

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February 27, 2010 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , | 8 Comments

Head of IMF Proposes New Reserve Currency!

  • All signs point to the death of the USD. The PTB are also signalling their willingness and intention to let this happen. This is the Hegelian dialectic in action. Debase the USD and all the major currencies. Chaos will ensue, international trade will grind to a halt and the world will be desperate for a solution. Then, introduce their prepared solution: a new One World Currency. For this world currency to succeed, they will need to back it by something. Gold is the obvious choice. If they don’t, it will be a failure. It will be no different from any fiat currencies. ABC New reports:
      
    IMF’s Strauss-Kahn suggests IMF may one day provide global reserve asset
    Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar.
     
    “That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now,” he said in a speech on the future mandate of the 186-nation Washington-based lending organization.
     
    Strauss-Kahn said such an asset could be similar to but distinctly different from the IMF’s special drawing rights, or SDRs, the accounting unit that countries use to hold funds within the IMF. It is based on a basket of major currencies. He said having other alternatives to the dollar “would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country.”
     
    Strauss-Kahn, a former finance minister of France, said that during the recent global financial crisis, the dollar “played its role as a safe haven” asset, and the current international monetary system demonstrated resilience.
      
    “The challenge ahead is to find ways to limit the tension arising from the high demand for precautionary reserves on the one hand and the narrow supply of reserves on the other,” he said. Several countries, including China and Russia, have called for an alternative to the dollar as a reserve currency and have suggested using the IMF’s internal accounting unit.

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February 27, 2010 Posted by | Economics | , , , , , , , | Comments Off

Financier Jim Rogers Denies Saying Pound Will Collapse!

  • The earlier posting attributing the statement to Jim Rogers is apparently false. MarketWatch reports:
      
    Says quotes in press release falsely attributed to him
    Financier Jim Rogers Friday denied making remarks attributed to him in a press release this week saying the pound sterling is at risk of imminent collapse.  The denial comes as foreign exchange jitters are intensifying throughout Europe over debt problems in Greece.
     
    Rogers is a former business partner of financier George Soros in the Quantum fund which famously scored huge gains by betting heavily against the pound ahead of its collapse in 1992. Rogers said comments contained in a press release Thursday announcing an appearance by him at a trading seminar in London were false.
      
    “I did not know about this press release. I didn’t say those things,” Rogers told MarketWatch.com in a phone interview from Singapore Friday. Among other things the quotes in the release compared the pound to the hyper inflated Zimbabwean dollar and said the U.K. government could do nothing to prevent a steep fall in sterling. The release has since disappeared from the Press Dispensary web site linked to by several media organizations which reported the provocative claims.
     
    “I am on record as saying the U.K. has serious problems over the next few years and the pound sterling has serious problems over the next few years as well,” Rogers said in the interview. “I would say the same about a lot of currencies. All paper money is suspect these days.”

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February 27, 2010 Posted by | Economics | , , | Comments Off

   

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