United Nations conference calls for new global currency

[David Rothscum]

Does this means the conspiracy theorists were right on this one?
http://rawstory.com/08/news/2009/09/07/united-nations-calls-for-new-world-currency/print/



United Nations conference calls for new global currency

Posted By Stephen C. Webster On September 7, 2009 @ 10:18 pm In

The United Nations Conference on Trade and Development said in a report published Monday that the U.S. dollar should be replaced as the world’s standard reserve currency, giving rise to a new global currency managed by an as-yet undetermined financial regulatory organization.

Heiner Flassbeck, director of the conference, [1] told Bloomberg News that changes needed in the world’s financial systems rival the scope of the Bretton Woods or European Monetary System agreements.

The Bretton Woods agreement established in 1944 the International Monetary Fund and World Bank, following allied victory in World War II.

“[The] dominance of the dollar as the main means of international payments [has] played an important role in the build-up of the global imbalances in the run-up to the financial crisis,” the report says. “Another disadvantage of the current international reserve system is that it imposes a greater adjustment burden on deficit countries (except if it is a country issuing a reserve currency) than on surplus countries.”

Do not post copyrighted material in its entirety.

[LightinDarkness]

Does this means the conspiracy theorists were right on this one?

Nope, this continues to show that the conspiracy theorists were wrong on this one (as they are on everything). The United Nations has only the power given to by its member states, and none of its biggest members - including the US and the UK - want a global currency. Thus, such proclamations are empty.

CTers like yourself believe that such a global currency is not only a reality, but that there is something inherently nefarious about it. Neither CT premise is anywhere close to reality.

[Cl1mh4224rd]

I hope it's true and the new currency is backed by gold... just to see how the loonies handle the conflict. :)

[WildCat]

What? Does this mean no Amero?

[purplecharger]

What? Does this mean no Amero?

Makes me wonder what they are going to call it because Amero has such a nice ring to it.

[JoeyDonuts]

The U.N., like the E.U., is a confederal system.

When you work out what that means, read the cited article again and see if it still makes sense from a CT point of view.

[akama1]

UK currently will not go to Euro, Fat chance they will go to a universal currency.

[Perfume V]

All I know is that if I was in any position of power at the UN, I would say things like this all the time, just for the fun of freaking out conspiracy theorists.

Actually, that probably explains why I'm not in a position of power at the UN.

[Debaser]

All I know is that if I was in any position of power at the UN, I would say things like this all the time, just for the fun of freaking out conspiracy theorists.

Actually, that probably explains why I'm not in a position of power at the UN.

Yeah, and whilst you're at it, throw out those nancyish powder blue berets and helmet covers and polar white vehicle paint. Make it BLACK!!!

[Earthborn]

Like with the Amero, proposals for the new UN banknotes are already being leaked. See here (http://www.andyolivares.com/wp-content/uploads/2008/08/naipes_uno.png).

[purplecharger]

I hope it's true and the new currency is backed by gold... just to see how the loonies handle the conflict. :)

Not do derail the topic but if I remember correctly isn't the gold standard the closest thing we had to a simi-global currency based on how it worked.

The method of paying trade deficits during the Gilded Age worked something like this. Suppose Britain bought more products from the U.S. than vice-versa. Britain therefore owed the U.S. money; it had a trade deficit. Obviously, the British needed to pay the Americans in their own currency, dollars. So the British demand for dollars rose, and this drove up the price of the dollar on the foreign exchange market. The British could have simply paid the higher price, but they also had a second option by international agreement. They could convert their British pounds into gold, ship it to America, and then sell the gold for dollars at the higher American price. This saved them money only when the deficit became large enough to justify the cost of a trans-Atlantic shipment of gold. This cost threshold was known as the "gold point," and it ensured that the actual exchange rate did not fluctuate too far from the official exchange rate. In short, this system meant that Britain paid its deficit quickly and directly in gold.

Or is this one of those NWO traps we arent suppose to talk about :rolleyes:

[Elizabeth I]

Would this be the same U.N. that no country in the world pays any attention to, and only a little lip service? That U.N.?

[Horatius]

Would this be the same U.N. that no country in the world pays any attention to, and only a little lip service? That U.N.?



No, no, it's that other U.N., that secretly rU.N.s the U.N.iverse.



Now do you get it?

[GreyArea]

Would this proposal simply be a method of accounting for international trade? It wouldn't have to replace any national currencies. I remember that for several years the euro was just an accounting tool, before the actual euro coins and banknotes were issued. Would this be like that?

If that's the case, I would expect small Third World countries to switch to a global currency, voluntarily, when there isn't much demand for obtaining their national currency. It would make it easier for other people to buy their products.

So I don't see what the concern would be for major economies like the US. In fact, a "basket" of major currencies could still include the dollar, plus the pound, the yuan, the euro, the yen, and these international, uh, whatevers. Right? It would be a matter of not putting all of your ability to spend in one country.

I'm not an economist, so could someone help me out?

[Slayhamlet]

Like with the Amero, proposals for the new UN banknotes are already being leaked. See here (http://www.andyolivares.com/wp-content/uploads/2008/08/naipes_uno.png).

The Uno, eh? Has a nice ring to it.

[dudalb]

I like Simoleon myself.

[Elizabeth I]

No, no, it's that other U.N., that secretly rU.N.s the U.N.iverse.



Now do you get it?

Of course, you're right! How U.N.perceptive of me!

[fromdownunder]

Of course, you're right! How U.N.perceptive of me!

What a lousy pU.N.

Norm

[Cl1mh4224rd]

* Cl1mh4224rd shakes his head.

U.N.believable...

[Matthew Cline]

Am I the only one who at first misread that as "United Nations conference calls to be used as new global currency"?

"Conference calls as a form of currency. What a novel idea!"

[Elizabeth I]

Would this be the same U.N. that no country in the world pays any attention to, and only a little lip service? That U.N.?

No, no, it's that other U.N., that secretly rU.N.s the U.N.iverse.

Now do you get it?

Of course, you're right! How U.N.perceptive of me!

What a lousy pU.N.

Norm

* Cl1mh4224rd;5098381 shakes his head.

U.N.believable...

Hey, Horatius started it!






except...

OMG, it's everywhere!

U.N.itarians

Labor U.N.ions

E pluribus U.N.um

The U.N.ited States...

...pulls covers over head...

[Horatius]

Finally, someone sees what we're up against!

[Elizabeth I]

Just tell me it's U.N.true!

[Horatius]

Just tell me it's U.N.true!



I'm sorry, that's U.N.possible!

[Hokulele]

U.N.derpants!


*Flees*

[Klimax]

U.N.derpants!


*Flees*

U.N.derwhelming...

[Cl1mh4224rd]

Am I the only one who at first misread that as "United Nations conference calls to be used as new global currency"?


Not really, no... I read it as "United Nations [conference calls] for new global currency" and thought the thread was going to contain transcripts or something similar.

[Gord_in_Toronto]

Not really, no... I read it as "United Nations [conference calls] for new global currency" and thought the thread was going to contain transcripts or something similar.

And I thought it was a suggestion to use United Nations conference calls as a new Global currency. Replacing SWIFT. Per ISO_9362.

[XxDeadlyNinjaxX]

Well, what kind of beneficial value would a Global Currency have? With everyone in the WORLD having the same dollar, wouldn't that make it less valuable?