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Dollar should be replaced
TxBeerDawg
Member Posts: 47 ✭✭
http://www.cnn.com/2010/BUSINESS/06/29/un.report.dollar/index.html?eref=igoogle_cnn
New York (CNN) -- The dollar is an unreliable international currency and should be replaced by a more stable system, the United Nations Department of Economic and Social Affairs said in a report released Tuesday.
The use of the dollar for international trade came under increasing scrutiny when the U.S. economy fell into recession. "The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency," the report said.
Many countries, in Asia in particular, have been building up massive dollar reserves. As a result, those countries' currencies have become undervalued, decreasing their ability to import goods from abroad.
The World Economic and Social Survey 2010 is supporting a proposal long advocated by the International Monetary Fund to create a standardized international system for liquidity transfer.
Under this proposed system, countries would no longer have to buy up foreign currencies, as China has long done with the U.S. dollar. Rather, they would accumulate the right to claim foreign currencies, or special drawing rights, or SDRs, rather than the currencies themselves.
The special drawing rights would be backed by a basket of currencies, which would make them less susceptible to volatility in any one currency. And because the value of a special drawing right is defined by the IMF, changes in the value of any one currency could be adjusted for.
These initiatives, supported by U.N. Secretary-general Ban Ki-moon, are meant to help sustain the international trade and financial systems that will allow less-developed countries to participate and integrate into the global economy.
In addition to the proposed reforms regarding international currency, the survey also offered guidance on increasing social well-being.
The survey said that "the number of the poor in the world living on less than $1.25 a day decreased from 1.8 billion in 1990 to 1.4 billion in 2005, but nearly all of this reduction was concentrated in China."
The number of poor increased in sub-Saharan Africa and South Asia over the same period. Income inequalities within countries have increased since the early 1980s with few exceptions, the report said.
"There's too little aid being provided, it's too fragmented, and it's too volatile in terms of the resources that are flowing to countries," said Rob Vos, director of the development policy and analysis division of the U.N.
The survey projects that by 2050 the population will be at 9 billion, with 85 percent living in developing countries, and the global economy will have to sustain a system that will allow for "decent living."
By 2050, one of every four people living in a developed country and one in every seven in countries now being developed will be over age 65. The fast ageing of the population will call for proper pension and health care systems that are sustainable.
New York (CNN) -- The dollar is an unreliable international currency and should be replaced by a more stable system, the United Nations Department of Economic and Social Affairs said in a report released Tuesday.
The use of the dollar for international trade came under increasing scrutiny when the U.S. economy fell into recession. "The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency," the report said.
Many countries, in Asia in particular, have been building up massive dollar reserves. As a result, those countries' currencies have become undervalued, decreasing their ability to import goods from abroad.
The World Economic and Social Survey 2010 is supporting a proposal long advocated by the International Monetary Fund to create a standardized international system for liquidity transfer.
Under this proposed system, countries would no longer have to buy up foreign currencies, as China has long done with the U.S. dollar. Rather, they would accumulate the right to claim foreign currencies, or special drawing rights, or SDRs, rather than the currencies themselves.
The special drawing rights would be backed by a basket of currencies, which would make them less susceptible to volatility in any one currency. And because the value of a special drawing right is defined by the IMF, changes in the value of any one currency could be adjusted for.
These initiatives, supported by U.N. Secretary-general Ban Ki-moon, are meant to help sustain the international trade and financial systems that will allow less-developed countries to participate and integrate into the global economy.
In addition to the proposed reforms regarding international currency, the survey also offered guidance on increasing social well-being.
The survey said that "the number of the poor in the world living on less than $1.25 a day decreased from 1.8 billion in 1990 to 1.4 billion in 2005, but nearly all of this reduction was concentrated in China."
The number of poor increased in sub-Saharan Africa and South Asia over the same period. Income inequalities within countries have increased since the early 1980s with few exceptions, the report said.
"There's too little aid being provided, it's too fragmented, and it's too volatile in terms of the resources that are flowing to countries," said Rob Vos, director of the development policy and analysis division of the U.N.
The survey projects that by 2050 the population will be at 9 billion, with 85 percent living in developing countries, and the global economy will have to sustain a system that will allow for "decent living."
By 2050, one of every four people living in a developed country and one in every seven in countries now being developed will be over age 65. The fast ageing of the population will call for proper pension and health care systems that are sustainable.
Comments
Till then, status quo. Print and spend in the world economic game of poker and everyone is calling on Obama's financial Bluff.
ELIMINATE THE FED AND THEIR PRIVATE CORPORATION!
Not sure how this organization could be more anti-american
And the stock market continues it's decline again today.
A depression on the horizion [?]
http://www.thestreet.com/story/10796979/1/stocks-lacked-direction-despite-jump-in-claims.html?cm_ven=GOOGLEFI
Stock Futures Weaken as Jobless Claims Rise -
MIGHT BE THE NEXT CURRENCY FOR A LITTLE BIT OF TIME
Won't solve anything unless you have universal across the board standard backing that All nations agree too.
Till then, status quo. Print and spend in the world economic game of poker and everyone is calling on Obama's financial Bluff.
+1
MINT SILVER AND COPPER COINS! NOTES BACKED BY METALS!
ELIMINATE THE FED AND THEIR PRIVATE CORPORATION!
+1
The video is from 2008. It starts off a little rough but gets better.
Excerpts from,
The New World Order and the Ten Kings of Revelation 17
Victor Christensen
One World Government - The Prophecy
quote:One of the foremost authorities on the International bankers that control the world is Dr. Carroll Quigley Ph.D., Professor of History at the Foreign Service School of Georgetown University. He has taught at Princeton and at Harvard University. His classic book Tragedy and Hope, published in 1966, explains the history and purpose of this international network of bankers.
Quigley states the goal of this international network was to establish a one world financial system under their control. He writes, ". the powers of financial capitalism had another far-reaching aim, nothing less than a world system of financial control in private hands to dominate the political system in each country and the economy of the world as a whole."
quote: Martin Khor expressed concern that "The world is not ruled by a military-industrial complex any more, but by a Wall Street-Treasury-IMF complex."
quote:At a Bilderbergers Conference held in Germany in June 1991 David Rockefeller told an assembly of the world's elite that the world was now ready to accept a world government under the jurisdiction of the world bankers. Rockefeller declared,
The world is now more sophisicated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely more preferable to the national autodetermination practiced in past centuries.
At this point we need to observe one pertinent fact. One of the richest and most powerful men on the planet in an address to the other richest and most powerful individuals on earth stated that the time had come to set up a "world government" under the jurisdiction of "the supranational sovereignty of an intellectual elite and world bankers." Rockefeller's statement takes us out of the realm of imaginary conspiracy theories and speculation about possibilities and maybe's and confronts us with a clearly stated intention of the world's most powerful men.
And the clincher is, it is set to go, just need one more major political crisis...
quote:Revelation 17 teaches that in the closing moments of world history "ten kings" identified as "the merchants of the earth" will for "one hour", or "a little while", set up a one world government. This one world government will abolish all nation states and political boundaries and will "divide the world into ten interdependent and mutually interacting regions." After they have set up this government prophecy says, "they [will] give their power and authority to the beast."
The ground work need to bring the prophecy of the ten kings in Revelation 17 to a complete fulfilment has already taken place. Every day the world is never more than twenty four hours away from the fulfilment of the prophecy concerning the ten kings of Revelation 17. Those who propose to set up a one world government already have total control over the worlds economy. They have already divided the world into ten economic zones to suit their purposes. They are one crisis of their own making away from putting their plan into effect.
And the herd continued to graze, eyes glazed over... baaaaaaaaaaa