The current default Reserve currency today is the U. S. Dollar. China alone holds TON$ of U.S. Treasury Bonds. Basically they are holding and buying our debt. As you may remember a while back China expressed concern over the dollar and the U.S. in general that we may not be able to pay what we owe in the form of Treasuries that they own. I do not blame them. As with any investment you are concerned about the potential loss of that investment or its decrease in value.
Now China and Russia are in talks with the IMF to create a new Reserve Currency. This would be a totally new Super National Global currency. Can you say NWO. This will be discussed at the upcoming G20 meeting in London on April 2nd.
If they do create this New Currency it will cause a total collapse of the U.S. Dollar. Can you say TEOTWAWKI.
Of course all the world leaders are spouting the same thing and some have even used the term "New World Economic Order"(U.K. Brown). Even Bernanke told the CFR recently "that a new overarching financial authority should be created and empowered with sweeping new regulatory responsibilities." (above info is from http://www.infowars.com/china-voices-support-for-new-global-currency-to-replace-dollar/ 23 March 2009)
Well here we go. NWO is on the fast track under the guise of Economic trouble. "They" have the solution and "WE" will pay the price. If "They" do create this new money say goodbye to any savings you have in the bank or in any financial institution. Here's why, When a new currency is issued "They" will exchange your OLD money for the New Money but not one for one. More like 10 old types for 1 new type. This means a huge loss for anyone with cash.
Those with Gold or Silver will be fine but you still only get the new crap instead of the old crap when you divest.
Paper is paper no matter who's picture is on it. Speaking of that who would they put on this new money, The IMF Director, CFR people?
Beavering Away
3 years ago
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