Tuesday, September 08, 2009

UN proposes a global Exchange Rate Mechanism

Taking their lead from China and Russia, the UN has proposed a global currency to replace the dollar, because the evil dollar is responsible for all the world’s present financial woes. A new IMF-backed global currency is part of a plan to reduce the relative power of the US in the international economy by replacing the dollar reserve system with a global reserve system.

A world currency is, of course, nothing new: Keynes proposed it in 1946 at Bretton Woods.

But the time was not then right, for there was no world government.

As many will know – and as the UK has learned from the introduction of the euro – a universal currency needs to be preceded by a period of fixed exchange rates which must be legally enforceable. There must be agreed convergence criteria, including the strict control of budget deficits and the control of inflation. And some higher power must have the authority to inflict penalties upon nations which deviate from these criteria or transgress the treaty provisions.

The received orthodoxy is that economic unions demand currency unions; currency unions require trans-national banks; trans-national banks require supra-national governments.

Enter the EU, the North American Union, the African Union, the Mediterranean Union... and the UN.

A world currency requires a world bank. A world bank implies a world government.

In 1802 Thomas Jefferson observed: "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

And he said more:

“The art and mystery of banks… is established on the principle that ‘private debts are a public blessing.’ That the evidences of those private debts, called bank notes, become active capital, and aliment the whole commerce, manufactures, and agriculture of the United States. Here are a set of people, for instance, who have bestowed on us the great blessing of running in our debt about two hundred millions of dollars, without our knowing who they are, where they are, or what property they have to pay this debt when called on; nay, who have made us so sensible of the blessings of letting them run in our debt, that we have exempted them by law from the repayment of these debts beyond a give proportion (generally estimated at one-third). And to fill up the measure of blessing, instead of paying, they receive an interest on what they owe from those to whom they owe; for all the notes, or evidences of what they owe, which we see in circulation, have been lent to somebody on an interest which is levied again on us through the medium of commerce. And they are so ready still to deal out their liberalities to us, that they are now willing to let themselves run in our debt ninety millions more, on our paying them the same premium of six or eight per cent interest, and on the same legal exemption from the repayment of more than thirty millions of the debt, when it shall be called for.”

Cranmer exhorts his readers and communicants to mediate upon the wisdom of this greatest of presidents, for he is talking of those people who bestow upon us the great blessing of trillions of dollars worth of debt, without our knowing who these people are, where they are, precisely what is owed, or what property they have the right to seize in order that the debt may be paid off when it is called in.

Welcome to the New World Order.

All that is missing is a One World Religion.

Or perhaps it is being revealed.


Blogger Gnostic said...

And the reason why we don't rise up and slaughter them all is...?

8 September 2009 at 09:12  
Anonymous Hereward said...

Gnostic: panem et circenses. Simples.

8 September 2009 at 09:25  
Blogger Gnostic said...

Never tried circenses. What so they taste like? ;0)

8 September 2009 at 09:42  
Anonymous Anonymous said...

So you've finally cottoned on to what is happening. Now maybe you will also question whether it is all happenstance or whether there is in fact a conspiracy to enslave the whole world.

john in cheshire

8 September 2009 at 10:05  
Blogger D. Singh said...

Your Grace,

Time is short and the hour is late.

‘He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.

‘This calls for wisdom. If anyone has insight, let him calculate the number of the beast, for it is man’s number. His number is 666.

The Book of Revelations 13:16-18

(P.S. Thank you for mentioning the Mediterranean Union. Gordon Brown signed up the UK and NI to it.)

8 September 2009 at 10:29  
Blogger Jim Bartlet said...

Go to the doctor and get the tablets, I swear to God it reduces the impact on your life. It's all very well for young people, they can fall about town bladdered at the weekend, but this model doesn't do it for me. Each to their own I say.

8 September 2009 at 10:31  
Anonymous Knighthawk said...

Despite inflammatory headlines what is being proposed here is only a new global reserve currency not a world currency. A stable reserve currency is needed to prop up less stable domestic currencies. At present only the “almighty” US dollar is able to do this and although “dollapocalypse” has often been predicted other contenders have never succeeded in knocking it off its perch. Dollar reserves outstrip the Euro reserves held by three to one and the Yen is nowhere.

The Chinese in particular are getting understandably fed up with holding a mountain of US debt and financing US spending out of their economic surplus but they will have to go through this phase before their own currency becomes strong enough to start appearing as one of the worlds leading reserve currencies. There is a view that it will overtake the US dollar as the main reserve currency sometime later in the 21st Century. It's certainly a possibility.

Now the alternative - creation of a new international reserve currency - is feasible and would require an International body like the IMF to enforce managed international exchange rates. Central banks would be required to intervene and either support or float their currencies depending on the state of the world economy. But of course national interest would get in the way and such rules would be flouted at will to gain economic advantage. Even the presence of large power blocs like the EU would not be enough to exert total control. That would need a World Government but I don't see that coming about by economic or political consensus.

My own view for what its worth is that World Government is more likely come about by brute force and overwhelming military advantage, not economic scheming. The irony being that it will result in the destruction of the world economy not its salvation. Revelation 18 - Babylon is Fallen!

8 September 2009 at 10:40  
Anonymous Corsair said...

I can’t follow this argument. Is Jefferson (and your Grace) arguing against private banks issuing credit money, or Central banks issuing it, or what?

8 September 2009 at 10:47  
Anonymous Anonymous said...

Well, finally your Grace sees i. The problem is that in the UK the people are disarmed. In order to enslave a people you must first disarm them and Jefferson and our founding fathers new this from European History. That is why we have a second amendment! Heck....even Blackstone said the very last resolve of a free man is his ability to defend himself.
What have we all done by handing over our very lives to these Oligarchs?

8 September 2009 at 11:26  
Anonymous the recusant said...

It is indeed a well worth pondering Your Grace, as are the origins of modern day banking. Based as it was on the need to raise capital to support that usurper Prince William of the House of Orange-Nassau in his foreign wars of conquest (let us raise a glass to "the little gentleman in the black velvet waistcoat.") The bank of England introduced Fractional-reserve banking, a method by which debts many time larger than reserves held to service them could be sold to a gullible public for the promise of a better return in the future or interest as we know it. And who in particular was the author of this sleight of hand, Sir Isaac Newton himself who spent many years of his life as warden of the Royal Mint battling counterfeiters and introducing new coinage and paper money. He may have foreseen the laws of motion but he was hoist on his own petard when he lost his fortune in the collapse of the South Sea Bubble, it would appear the apple dropped but the penny never did.

8 September 2009 at 11:31  
Anonymous Johnson said...

You goes to work and you gets your wages and you spends it. Save it in the banks at your own peril, because we will max it out of credit card existence for yous.

Capitalism needs saving pigs, and, spending pigs. I personally is a spending pig, but this is mostly due to genetics. don't take it too personally if yous be a saving pig whos money I did max away - shit happens OK.

8 September 2009 at 11:34  
Blogger Johnny Rottenborough said...

All that is missing is a One World Religion. Or perhaps it is being revealed.

There’s no ‘perhaps’ about it. In It’s the Demography, Stupid, Mark Steyn writes:

Of the increase in global population between 1970 and 2000, the developed world accounted for under 9% of it, while the Muslim world accounted for 26%. Between 1970 and 2000, the developed world declined from just under 30% of the world's population to just over 20%, the Muslim nations increased from about 15% to 20%.

It’s us or them, Cranmer. Christianity or Islam.

Information about the merger of the European and Mediterranean Unions to form Eurabia can be found here. There are links to the website of the European Commission but the pages no longer exist.

•Johnny Rottenborough•

8 September 2009 at 11:56  
Blogger Demetrius said...

Jefferson, it seems, was meticulous about recording payments in and out, but quite evidently had little or no idea about managing either accounts or his money. He rented houses that he knew he would never buy or even be in for very long, yet he spent huge sums refurbishing them to the highest standards, leaving it all to the owner when he left. I noted that when he went to Philadelphia he took 27 wagon loads with him, has anyone costed this in terms of the period? When going between France and the USA he more or less hired his own ship. This would be a middle sized deep sea vessel probably with a crew of thirty or so, and at sea for several weeks. The building and creation of Monticello absorbed substantial costs.

He left the Presidency poorer than he began it, unlike almost every other President. Critically, he took over the Wales inheritance, that was seriously debt loaded, landing himself with a lifetime of debt and little to leave behind him. Although regarded as a “control freak” in modern terms, in the matter of money, he was never in control.

Despite being a major landowner, a leading politician/scholar, and minor industrialist whose enterprises had little success, he was forever reliant on his creditors, with whom he had to deal to survive. As a major debtor despite all the appearance of being an independent man with his own mind, inevitably he was bound to his sources of funds and his sponsors, always trapped at the point of many personal decisions by his liabilities to others.

Because of his lifestyle and perception of himself he could not afford to free his slaves, because he could not pay wages or incur the capital loss of financial assets that were one of the securities against his debts. So he depended on slave owners and their trading for continuing credit to run his estates, keep his household, and stay in the political game. As for what constituted “money” then and the hideous complexities of getting and holding cash, this is a long story, all I will say is that the supply of money was unreliable and difficult.

One of Jeffersons’s assets was his library, over seven thousand volumes, estimated contemporary cost updated to a modern equivalent figure give a value of around $7.5 million today, which had been built up from the credits allowed to him by his sponsors. After the British burned the Library of Congress in 1814, destroying the 4000 volumes inside, Jefferson sold his collection to the Administration to pay off some of his most pressing debts. It is a fine irony that the present Library of Congress has its origins in Jefferson’s, and part of the price of his investment in books related to felt to be necessary to his personal status was his inability to absorb the potential costs of freeing his slaves.

8 September 2009 at 14:55  
Blogger D. Singh said...

Your Grace,

Johnny Rottenborough is correct to point out that the EU's pages for the Union for the Mediterranean have been removed.

I discovered the same months ago when trying to research it.

Knighthawk: I suggest there is unlikley to be a one world government; for example, ships off Chittim (Cyprus oppose him).

I agree that overwhelming miltary force is likley to be involved.

Refer you to Daniel's interpretation of the vision of the statute. If the legs of iron are the Roman empire; then the feet of iron and clay are the EU and the ten toes are ten nations in the Union of the Mediterranean.

8 September 2009 at 15:29  
Anonymous Knighthawk said...

D Singh @15:29

According to my Bible commentary the reference in Daniel to ships off Chittim was fulfilled during the rampage of Antiochus IV around 167BC.

Revelation 17:12&13 seem to suggest that nation states will hand their power over to the Antichrist.

No earthly power can beat him.
Rev 13:4 "Who is like the beast? Who can make war against him?"

He then heads a world government as absolute dictator.
Revelation 13:7 "And he was given authority over every tribe, people, language and nation."

8 September 2009 at 16:39  
Blogger D. Singh said...


Sir Isaac Newton comprehensivley demolished Antiochus IV as a candidate.

He gave up upon the ground that the mystery was not to be solved in his time.

Our time has come.

Perhaps the ten toes; the ten nations; the ten horns are listed in Psalm 83.

Look again.

8 September 2009 at 17:11  
Anonymous len said...

Give me control over a nations currency, and I care not who makes its laws.”
Baron M.A. Rothschild

8 September 2009 at 17:23  
Anonymous Anonymous said...

Your grace,

I am surprised to read such a post on your blog. Normally all comment related to the New World Order is dismissed as 'nut-job' conspiracy theory.

Personally I keep an open mind, and I do wonder why senior politicians are fond of the phrase 'New World Order' when they must be fully aware of its connotations.

All very odd. Very odd indeed. I have often wondered at the lack of logic exhibited by New Labour. The majority of Labour policies appear to be aimed at increasing their unpopularity; is this not strange behaviour for a group of people who normally seek to curry favour with the electorate?

Could it be that they have another agenda to follow and that the thoughts and wishes of the people are irrelevant?

Freedom is most precious, and those that conspire against it must not be allowed to succeed. Many millions will stand against them, as will I.

8 September 2009 at 21:13  
Anonymous Stop Common Purpose said...

Glad to see the penny has dropped, Your Grace.

The New World Order has finally put its head above the parapet.

8 September 2009 at 22:06  
Blogger ukipwebmaster said...

The one world religion is warmism

8 September 2009 at 23:17  
Anonymous Anonymous said...

Your Grace,

Pres. Jefferson was a scoffer and a scoundrel. It comes as a most unwelcome surprise that you consider him the greatest of presidents. Pray reconsider.

--Scurvy Oaks

8 September 2009 at 23:19  
Blogger Preacher said...

The World is being set up for the sucker punch of all time.It seems incredible & far fetched, real conspiracy theory stuff, but let none of us forget the origin of this scenario was Holy Scripture. I have heard that it is planned to split the world economies into three interlinking currencies, One for the American continent, another for Europe & a third for Asia & Australia.
In the light of all this, many things should start to become clear, for example: why are our forces being whittled down & deprived of rescources? could it be because of a planned merger with our Euro 'allies'? as we surrender our sovereignity to the NWO we are being slowly manipulated into a Nation of drones, set to serve our Euro masters. Of course they will eventually be eradicated when the Anti-christ takes over because the Devil always was a liar & a cheat. enough said for the moment, but let's all be watchfull & not slumber as We wait for the One who will destroy this evil plot.
Maranatha, come swiftly Lord Jesus.

9 September 2009 at 10:18  
Anonymous james w said...

The first country to abolish its central bank and fractional reserve banking leaving gold or some other commodity as the monetary base will leave all the others drowning in their toilet paper currencies.

9 September 2009 at 12:26  
Anonymous TheGlovner said...

Christianity or Islam?

There is always Atheisim you know, feel free to come and join in.

We don't make you eat babies until your 6th day, 6th month and 6th year in the group.

9 September 2009 at 13:56  
Anonymous len said...

"The Religion of Atheism is for the totally unrational person, which is why Atheists account for less that 10% of the population. There are Ulterior Motives to Atheism, namely : Admitting the obvious of an INtelligent Creator introduces accountability and someone who is bigger and more important than oneself ...and, it impedes on the present less than desirable and/or immoral (incl. sexually, in most cases) lifestyle that the Atheist has chosen for himself. Both of these can be summarized by Pride."

9 September 2009 at 18:25  
Anonymous Anonymous said...

Linking warmism to the NWO, you'll find Ian Wishart's book Air Con an absolute eye-opener. He has helpfully published some of the UN documentation as part of his exposition of the agenda behind the global warming scare.


11 September 2009 at 00:47  
Blogger ENGLISHMAN said...

After the collosal fraud of bretton woods,decimalisation of our currencies,ERM,the jew rothschild now wishes to finnish the job by a return to the gold standard and set his placeman in switzerland to regulate the worlds finances giving him absolute control.Have you seen the surge in gold prices,and the endless adverts on tv ,decieving the fools into sending thier unwanted gold,in return for usless peices of paper that will become totally worthless when rothschild pulls the plug?.As for "nut-job" theories,what would be any-ones opinion,of the most influencial people in the world,monarchs,global capitalists,having maximun security secret meetings once a year ,under chatam house rules,with an absolute ban on any publicity?would it not cause one to wonder what they were discussing and why we the people had no right to know what they had resolved upon?

11 September 2009 at 10:50  
Anonymous Adrian Peirson said...

I'm so glad that i'm not the only Conspiracy theorist round here anymore.
For those thinking that we outnumber the Elites thousands to one, we do, unfortunately, they have access to Neutron Weapons and Viruses.
In the case of the former, British military commanders have already considered their use agains the UK population.
In the case of ther Later, the UN has already admitted, it regularly releases Viruses ( which they term, mock up files ) onto the worlds populations.

Recently for example, Baxter Pharmaceuticals shipped contaminated flu vaccine to 18 European countries.

This was discovered quite by accident and is now the subject of a criminal investigation and a Lawsuit.
Strangely enough, it does not occur on the BBC news despite the fact that Baxters have admitted the event occured and it is widely believed that 100's of Millions of people, possibly far more would have been wiped out.


12 September 2009 at 04:36  

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