Featured False East/West Paradigm Hides The Rise Of Global Currency

In the past we have discussed at length the inevitable demise of the USD as the world's reserve currency noting that nothing lasts forever. However, when former World Bank chief economist Justin Yifu Lin warns that "the dominance of the greenback is the root cause of global financial and economic crises," we suspect the world will begin to listen (especially the Chinese. Lin, now - notably - an adviser to the Chinese government, concludes that internationalizing the Chinese currency is not the answer (preferring a basket approach) but ominously concludes, "the solution to this is to replace the national currency with a global currency," as it will create more stable global financial system.

http://www.zerohedge.com/news/2014-01-29/nothing-lasts-forever-world-bank-chief-economist-calls-end-dollar-reserve-currency

The governments and dictatorships ruling over the so-called BRICS countries — Brazil, Russia, India, China, and South Africa — agreed to set up a new world bank that analysts say could further marginalize the increasingly unstable U.S. dollar, possibly helping to eventually dethrone it as the global reserve currency. Meeting in Durban, South Africa, last week at their fifth annual summit, the socialist and communist-minded BRICS regimes also announced their support for creating a new world currency and full-fledged global governance.

Other top priorities outlined in the final agreement, dubbed the “eThekwini Declaration,” include promoting global so-called “sustainable development,” which according to the United Nations entails a radical restructuring of human civilization. Also key on the list of BRICS rulers’ demands: further centralization of power in the hands of the UN, more government meddling in the economy, ramped up attacks on national sovereignty, increased power for Third World dictators on the global stage, and much more.

In February, the premier alliance of socialist political parties, known as the Socialist International, gathered in Portugal for its “Council meeting.” Following the recent Congress held in South Africa amid reports that the ruling communist-oriented regime is involved in genocide, the SI meeting adopted a declaration calling for “a new internationalism, proposing the creation of a new global set of agreements, the restructuring of the WTO to recycle trading profits from severe wage differentials toward authentic global income security, and a new IMF and global currency regime built on the multilateral synthetic ‘bancor’ system conceived by Keynes himself.”

As The New American has been reporting for years, the push for a planetary fiat currency is gaining traction as the privately owned Federal Reserve continues to destroy the dollar. Unsurprisingly, the BRICS regimes agreed with the Socialist International and other powerful forces seeking to build a global central bank with a new world currency. In the final BRICS Durban declaration, signed by all five rulers on March 27, the totalitarian-minded alliance openly called for expanding the role of the International Monetary Fund’s proto-global currency known as Special Drawing Rights.

http://www.thenewamerican.com/world-news/africa/item/14983-brics-regimes-forge-new-world-bank-call-for-global-currency

 

Global Currency Reset In Process: Russia & China Are Fed Up With The Dollar System & Dollar Hegemony, BRICS May Agree On $100 Billion Currency Fund, The Bankers of The World Are Fixing To Throw Away The U.S. Dollar As The Global Reserve Currency

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This regime change plays havoc with many common risk models that banks and even some asset management firms run. These models often drive trading limits, counterparty potential exposure measurements, and bank regulatory capital. The calculations tend to rely on historical relationships – sometimes over a period covering the previous two years (as prescribed by the Basel rules). At this point however some of these models are all but meaningless, as correlations among major asset classes have flipped. Yet these measures continue to be broadly used, with regulators encouraging or even requiring this practice.

Read more: http://soberlook.com/2013/08/market-regime-change-is-your-risk.html#ixzz2dXyCurKV

India pushes ‘shock and awe’ currency plan to save BRICS

India is pushing for joint “shock-and-awe” intervention by key developing states to halt capital flight & shore up currencies, in a move that risks backfiring & triggering a vicious spiral.

http://www.telegraph.co.uk/finance/...hock-and-awe-currency-plan-to-save-BRICS.html

BRICS may agree on 100 bn currency fund

http://articles.economictimes.india...aders-contingent-reserve-arrangement-new-fund

The Bankers of the world are fixing to throw away the U.S. dollar as the global reserve currency, and kill millions of useless eaters in the process, because they are Gods!

Japan is collapsing India is collapsing all of Europe is in the soup also.

Follow the money.

Remember that all wars are bankers wars, and then realize this, they’ve been preparing to collapse the U.S. Currency.

Most think they are fighting to protect it, and this was true at one point in time, but now they have decided it is time to pull it. They knew they would have to do something sooner or later, and time is no longer on their side, so, they are going for it.

The bankers are going to trade the U.S. dollar and all it’s limitations on them, for a global dollar with unlimited printing ability, and total control over everyone.


Read More At: http://investmentwatchblog.com/global-currency-reset-in-process-russia-china-are-fed-up-with-the-dollar-system-dollar-hegemony-brics-may-agree-on-100-billion-currency-fund-the-bankers-of-the-world-are-fixing-to-throw-away-t/

 

Sure I considered leaving all my brothers and sisters in the dark about all this stuff and letting them be totally unprepared for it when it happens so that I wouldn't have to put up with being hassled by people who don't give a rats rear end about anyone but themselves and their little political idols and agendas but then it occurred to me that would be the selfish cowardly thing to do.

So, you said what you had to say. I thought about it.

I refuse to leave them all hanging without a clue as to what's coming.

What will happen if the "Dollar Collapses"? http://www.youtube.com/watch?v=lhU9T9onaxg#t=12

Thank you for your concern and may God bless you and your's. :wavey:

 

Nothing we can do about it??? I've tried to be nice to you but at this point I feel I have to say . . .

Get thee behind me Satan! Thou defeatist deceiver.

There is something we can do about it but guys like you and the 501c3 government preachers have taught Christians that being a bunch of spineless mindless jellyfish and acting like dumb cattle is being Christlike. BULLONEY! "There is nothing we can do about it" is nothing more than a cowardly excuse people like you use to make yourself feel better about turning your back on your neighbor when he's in need.

But you say I give to the poor I witness for Christ and tell everyone how wonderful and empowering His spirit is then you turn right around and suck that spirit right out of them buy teaching them "there's nothing we can about it".

God didn't give me the spirit of timidity or you either for that matter so you must have got it from somewhere else. I wonder where?

"Because there is nothing we can do about it" go peddle Satan's false message to make us all weak and helpless feeling somewhere else. I don't buy it, I never did and I never will. If God had wanted me to be a dumb animal to be led around by the nose He would have made me one.

Oath Keeper Chaplain: Pastor Chuck Baldwin http://www.youtube.com/watch?v=FGKcP84HpoI#t=78

Imagine where you'd be right now if all the patriot pastors of the American revolution sit on their hands like you whining "there's nothing we can do about it".

 

Look I'm trying to be nice but all that you just wrote is just a cop out for cowards.

Why are you still here peddling Satan's message? "Be weak, be helpless, there's nothing you can do about it, lay down for tyranny, it's God's will that you be a slave to evil sinners".

Like I said BULLONEY!

Look if you want to be a spineless mindless jellyfish and watch while someone else fights your battles for you fine go stand on the sidelines and watch and count your lucky stars Jesus doesn't come down here and kick your but for working with the enemy to turn His people into a gaggle of whimpering enslaved cowards.

Oath Keeper Chaplain: Pastor Chuck Baldwin http://www.youtube.com/watch?v=FGKcP84HpoI#t=78 This is what real Christians do. They don't sit around using Christ as an excuse to act cowardly. And they sure don't try to convince people "there is nothing we can do about it" and you know why? Because it's a lie. That's why. If the patriot pastors and the founders of this country acted the way you think Christians should you wouldn't be enjoying the freedom you do now to sit around and peddle Satan's defeatist message of helplessness.

We're the salt. Well obviously you aren't. Evidently you lost your savor if you ever had any and now you want everyone else to be like you.

No thank very much. And I would also thank you to stop trying to derail this thread and go peddle your message of helplessness to someone else. I don't buy it. I'm never going to buy it because it's another one of Satan's tricks to suck God's spirit out of Christians. I don't know how to say it any plainer than that. Okay? Get it? Got it? Good!

Is this how you people want to act? Weak and helpless? Like those skinny panted mousse haired sissified tv preachers and "youth pastors" tell us we should act? Really? Where did this spirit come from because it sure doesn't come from the God I know in the bible.The God in bible I know is a God of empowerment and courage not the god of helplessness.

 

I understand your relatively new here so I'm doing my best to stay civil okay?

Did you read the posting rules before you started posting on BB? Do not you understand what hijacking a thread is? Do you not understand that it's against the rules?

Do you not understand that you are way off topic and are hijacking this thread? Do you not understand that church is where people go to hear sermons and the BB politics forum is where people go to discuss politics?

Look if you have something to actually add to the discussion then by all means feel free to do so. But if you just come here to preach me a sermon and hijack my thread I'm going to report you for it. Not that the mods here actually care about enforcing the rules or anything but just because it irks them to have to actually do some work. They're awful grouchy when they get woke up from their nap.

I just thought of something that might be even more interesting. I'm going start another thread on the subject you'd rather discuss. That way this thread isn't being derailed and you can show us all how much you really believe in what you just said to me.

I'm going to post it in the politics forum so you'll have ten pages to explain it all. I'll call it "there's nothing we can do about it" thread.

Sound fair? It's hot and I can't sleep anyway. I'll even post the link to the new thread here so you can find it easily. http://www.baptistboard.com/showthread.php?t=93398

 

De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar

Is the petrodollar monopoly about to be shattered? When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States. But now the Russian media is reporting that the Russian Ministry of Finance is getting ready to pull the trigger on a "de-dollarization" plan. For decades, virtually all oil and natural gas around the world has been bought and sold for U.S. dollars. As I will explain below, this has been a massive advantage for the U.S. economy. In recent years, there have been rumblings by nations such as Russia and China about the need to change to a new system, but nobody has really had a big reason to upset the status quo. However, that has now changed. The struggle over Ukraine has caused Russia to completely reevaluate the financial relationship that it has with the United States. If it starts trading a lot of oil and natural gas for currencies other than the U.S. dollar, that will be a massive blow for the petrodollar, and it could end up dramatically changing the global economic landscape.

The fact that the Russian government has held a meeting to discuss "getting rid of the US dollar in Russian export operations" should be front page news on every mainstream news website in the United States. That is how big this is. But instead, we have heard nothing from the big mainstream news networks about this so far. Instead, we have only heard about this from Russian news sources such as the Voice of Russia...

Read More At: http://theeconomiccollapseblog.com/archives/de-dollarization-russia-is-on-the-verge-of-dealing-a-massive-blow-to-the-petrodollar