Tag Archives: globalism

Beware of Global Currency

[Editors note: Below is an article that mainstream media would surely classify as compiracy theory by which they wild ideas lacking anything resembling reality. So why post it? One reasin is because I believe much less than half of what mainstream media aires or prints. Another reason is many, if not most, so-called conspiracy theories that I have been exposed to contain a lot of factual reality. The problem lies in those parts that are more hypothesis than fact and more reading between the lines as it were than verifiable reality. Consequently, like academic futurists, authors of conspiracy are not always exactly right about the future. Yet, the following is worth taking mental notes for future reference in order to remember when it comes to pass.]

Beware of Global Currency

By Jeff Putman

The good news is, finally, after all these decades, the corrupt, coercive, fraudulent, loan sharking central bank known as the Federal Reserve, will finally be abolished! The bad news is, it’s going to be replaced by a GLOBAL central bank! With all of the same evils as the Fed, plus more! (Since we call the Federal Reserve the Fed for short, perhaps we should call the global central bank the Glob for short.)

What’s wrong with a global currency can be seen in the history of the Federal Reserve, which is already far too much concentration of power. By controlling interest rates, the Fed controls the amount of currency circulating. In the 1930s the Fed raised interest rates and caused the Great Depression. In the 1970s the Fed kept rates low and caused high inflation. You can be sure that the Federal Reserve Board told their Wall Street pals ahead of time which way they were going to go so their pals could position themselves to profit from the coming shifts.

Also in the 1930s, many local governments started issuing local currencies so their local economy could keep functioning in spite of the shortage of money. The U.S. government responded by making it illegal for local governments to issue currency. They had created a Depression, and by God, they were going to make sure nobody is allowed to escape it!

Any global currency will work the same way, only worse. A global central bank will issue the currency, LOANING in into circulation, of course, just like the Fed. This will put everyone in the world in debt to the central bank, making every last human a slave in their global plantation. When they decide to have a Great Depression, nobody in the whole world will be allowed to escape it! No country, state, county, village, or anything will be allowed to create a local currency to enable any economic activity without the permission of the global central bank.

Free trade of multiple currencies on open markets is ESSENTIAL to world economic stability. When Japan started selling millions of cars in America, billions of dollars flowed to Japan. They piled up. Something had to be done with them. So, they were traded in currency markets. Dollars were exchanged for yen. Dollars were plentiful, so their value went down. Yen were scarce, so their value went up. This made the price of Japanese labor come up close to that of American labor, eliminating the price disparity that had caused so much havoc in the economy.

A global currency would completely eradicate this stabilizing mechanism in the world economy. When China floods the world with cheap products made by slave labor (the only kind of labor China uses) with a global currency, there will be no price adjustment made like there was with Japan. Instead of a free market in currency raising Japanese wages to Western standards, the one world currency will lock China’s price advantage in place and force the rest of the world down to match China’s draconian pay scale!

A global currency is even more inappropriate now that we have computers to make calculating exchange rates so easy. Never in the history of the world has it been easier to accomodate numerous currencies. You can already go
almost anywhere in the world, pay with a credit card, and automatically, the merchant is paid in his local currency and you receive your monthly statement in dollars. We DON’T need a global currency to facilitate trade! We’re
getting a global currency rammed down our throats at the time in history when there’s the LEAST use for it, and MOST reason it should be avoided!

Another candidate for a global currency is the SDR – Special Drawing Rights. It’s a basket of currencies (currently 44% dollars, 34% euros, 11% pounds, and 11% yen) offered by the International Monetary Fund to serve as a global currency. It’s been available for almost fifty years, but attracted very little interest.

Also being offered as a global currency is the WOCU – WOrld Currency Unit. It’s a basket of 20 currencies offered by the WDX Institute in London. It’s pretty new, but it’s also attracting little interest.

In both cases, it seems that international traders don’t want to bother exchanging their currency for a global currency and then exchanging that for the currency of the other country. In theory, the business people of both countries would agree to pay or be paid in SDRs or WOCUs because they know its value over time will fluctuate less than either of their currencies. But if ALL of the major currencies are inflated to try to pay the debt the politicians keep loading on us (as is happening now), then any currency based on a basket of those currencies will also lose its value.

To see the sources used for this article, go to http://www.cpnlive.com/forum/post/1431349.

U.S. Bailout Foreign Companies, but What Happened to Peace and Prosperity?

Yesterday, Newsmax ran a story about the federal government bailout of overseas banks and other foreign corporations. Part of the reason was attributed to global reach of AIG. Because we are all part of a global economy, a global bailout was to be expected.

I don’t remember hearing the Obama administration, Congressional politicians, or the media ever mentioning that part of $787 billion would help save foreign banks or General Motors, do you?

To save the world, globalists on Capitol Hill seem to believe Americans on Main Street should welcome state approved robbery. The Washington-run Empire, like all past empires, impoverishes millions of its people for the grand cause of power, status, and the flow of wealth. Remember, most of the imperialists on Capitol Hill are millionaires.
Anyone familiar with the history of bailouts funded by the federal government (including the Federal Reserve) knows this has been going on for decades.

In one sense, global economy is just another nice but deceptive phrase for the increasing reach of American economic empire. It appears that the goal of Democrats is to increase the burden of empire to the point of America’s bankruptcy.

That is one important factor that led to the decline and fall of the Roman Empire.

Are the elites among the Republican Party any different? I doubt it. Can you remember any America president or Congressional majority ever proposing to end the American military presence around the world? Only Ron Paul proposed such a thing. Doing so would put billions of dollars back in the pockets of Americans. A large scale-back of U.S. military’s global presence would also mean leaving America’s global corporation vulnerable to the dictates of foreign governments and the interests of their people. Not that the wealth given to foreign government by American corporations is used to prosper all of their citizens, but its does keep foreign dictators willing to dance to America’s green tunes. Think of how much that would save taxpayers if Congressional politicians were not so willing to travel to all of those subjected nations.

I know; we are the leader of the world. World peace and prosperity is dependent upon our government. Millions at home and certainly abroad are still are wondering when real peace and prosperity will be achieved. Maybe the elite’s utopian vision is flawed. Just consider the achievements of that bastion of global peace, the United Nations–not very impressive. No lasting peace in Israel, genocide in Sudan, massacres in Africa, wars in the Middle East, Europe, Central America and elsewhere, and now terrorism. Don’t misunderstand me, sincere efforts toward peace are honorable, but repeating failed policies and strategies of the past is to demonstrate stupidity.

Again, the lessons of failed empires of the past demonstrate egalitarianism, multiculturalism, moral relativity, immorality, and much debt are all co-factors in what social scientists call structural violence, which includes poverty. The peace waged by all empires has been most won and maintained by the merciless power of their armies. Empires have never been very effective at creating real peace or prosperity for masses of non-elite peasants. America is no exception.

American exceptionalism inherited from its founder’s vision has been fading away for a long time. Maybe it’s not too late to revive it.