Theodore's World: G-20 Moves The World Closer To A Global Currency

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April 06, 2009

G-20 Moves The World Closer To A Global Currency

The G20 moves the world a step closer to a global currency


The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity.

A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order.

"We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity," it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.

In effect, the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body.

It has been a good summit for the IMF. Its fighting fund for crises is to be tripled overnight to $750bn. This is real money.

Dominique Strauss-Kahn, the managing director, said in February that the world was "already in Depression" and risked a slide into social disorder and military conflict unless political leaders resorted to massive stimulus.

But Mr Strauss-Kahn at least has resources fit for his own task. He will need them. The IMF is already bailing out Pakistan, Iceland, Latvia, Hungary, Ukraine, Belarus, Serbia, Bosnia and Romania.

This week Mexico became the first G20 state to ask for help. It has secured a precautionary credit line of $47bn.

Wild Thing's comment.........

Anyone else think Barack Hussein Obama is reading how to be the anti-Christ????? He can try but he’ll never make it. He’s too much of a bungler to be the Antichrist. And also the anti-Christ is supposed to be well lilked by everyone, and I can't stand him. LOL True, he makes my blood boil and my skin crawl.

The other day I was getting groceries and as I stood in line to pay I saw Obama on the cover of two of the magazines and I reached over and turned them around so the back of the magazine faced out instead. heh heh
Just doing my part to keep the stupid pro Obama magazines from selling.

"Give me control of a nation's [the world's] money supply, and I care not who makes the laws."
~~Mayer Amschel Bauer Rothschild (1744 -1812), Godfather of the Rothschild Banking Cartel of Europe

If people that voted for Obama would read and study about the history of this family (and it's branches), and it's unrelenting, cancerous power over not only western currency but key areas of commerce, they might have a clue as to how history is about to repeat itself once again....with vengeance.

And that includes how it has affected US history as well.

....Thank you Mark for sending this to me.

3rd Mar.Div. 1st Battalion 9th Marine Regiment
1/9 Marines aka The Walking Dead
VN 66-67

Posted by Wild Thing at April 6, 2009 06:40 AM


The New World Order. The globalists have planned for decades. Now it is falling into place, rapidly. One of the foundations of the NWO is wealth redistribution. Hmmm, seems I heard reference to that lately. Oh yeah. Obama.

Posted by: TomR at April 6, 2009 01:28 PM

The more I learn about obama the more I am convinced he is a puppet. The man is not that smart. He couldn't come up with this sort of crap on his own. Neither could rahm emanuel. These two are Marionette puppets dancing to Soros tune.

Rahm Emanuel is a Jew, he was in the IDF, how in the hell can he tolerate this Islam crap. There is something bigger going on.

Posted by: Mark at April 6, 2009 07:17 PM