The Geneva-based U.N. Conference on Trade and Development has released a shocking new report that calls for the dollar’s role in international trade to be dramatically curtailed, and for the establishment of a global reserve currency and a global central bank to issue that currency.
Up until now, the U.S. dollar has more or less acted as the global reserve currency, but with the U.S. financial crisis having rocked the entire global economy during the last 12 months, many analysts around the world are now wondering if now is the time for a global currency. This new U.N. report is a huge step in that direction.
Earlier this year, China, India, Brazil and Russia (among others) started openly calling for the dollar to be replaced as the primary world reserve currency. These nations were wary of continuing to tie their own economic fortunes to that of the United States any longer.
In particular, many political leaders began to speak of "SDRs" as a possibility for that new global currency.
So just what in the world are SDRs?
Well, SDRs are "Special Drawing Rights", which is a synthetic paper currency issued by the International Monetary Fund. The SDR concept has been mostly dormant for half a century, but now the G20 has given it new life.
But it is not just world leaders that are talking about the possibility of a global currency.
Earlier this year MSNBC ran an article with this shocking headline: What if the world all used the same currency?
Even some of the wealthiest men in the world are now talking about the possibility of a global currency. For example, George Soros is now openly discussing the prospect of a global currency: "In the long run, having an international accounting unit rather than the dollar may, in fact, be to our advantage."
But the idea of a global currency is certainly not new.
The reality is that a global world currency has been the goal of globalist organizations such as the Council on Foreign Relations for a very, very long time. In a 2007 issue of their Foreign Affairs magazine, they published an article entitled, "The End Of National Currency" in which they suggested that "countries should abandon monetary nationalism."
So just how would a global currency work?
Well, just as the new U.N. report suggests, a global central bank owned and run by the international banking elite of the world would print, issue and control the reserve currency of the entire world. In many ways, such a scenario would be the ultimate dream of the international banking elite. It is what they have always dreamed of.
After all, just imagine what you could do if you had total control of the reserve currency of the entire world.
But whether we see a true global currency soon or whether it takes a while, the reality is that we know from the Scriptures that a one world economic system is coming someday.....
Revelation 13:16-17
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.
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