"Fall of the Republic" (2009)
You could google it, before you receive it in the mail:
fall of the republic rise rapidshare -star
North America's New Debt-based Currency?Austrian Economics
An Argentine opinion on the Global Financial Crisis, based on real life experiences, describing the whole Global Financial System as one vast Ponzi Scheme...
Tags World War C
Looks like the beloved synthesis is something they call SDRs. They are special, and Special Drawing Rights might just replace the US dollar as the world's reserve currency. Russia, Britain, and other "great nations" like China beg for a global currenct.
Breaking news from China's ZGC Focus economics correspondent Chen Hui World reports that leaders plan a bombshell declaration - to replace the US dollar with a new global currency, the IMF-backed SDR.
Yesterday The "People's Republic" of China’s central bank proposed replacing the US dollar as the international [fiat] reserve currency with a new global system controlled by the International Monetary Fund.
Trillions out of thin air, and the absolute synthesis is that much closer. China joined Russia in the push for a One World Currency. The Chinese proposal was an indication of Beijing’s fears that actions being taken to save the domestic US economy would have a negative impact on China.
In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”. Mr Zhou said the proposal would require “extraordinary political vision and courage” and acknowledged a debt to John Maynard Keynes, who made a similar suggestion in the 1940s
The upcoming G20 summit will be held in London on April 2, and according to The Moscow Times, that's when the Kremlin is supposedly going to to join the One World Paper Talk, to pitch a supranational reserve currency to be issued by
international private institutions as part of a reform (change:) of the global financial system.
"The International Monetary Fund should investigate the possible creation of a new reserve currency, widening the list of reserve currencies or using its already existing Special Drawing Rights, or SDRs, as a "superreserve currency accepted by the whole of the international community," the Kremlin said in a statement issued on its web site.
The SDR is an international reserve asset, created by the IMF in 1969 to supplement the existing official reserves of member countries.
The Kremlin also called for national banks and international financial institutions to diversify their foreign currency reserves. It said the global financial system should be restructured to prevent future crises and proposed holding an international conference after the G20 summit to adopt conventions on a new global financial structure. The Kremlin ain't fond of the dollar and has lowered its own dollar holdings in the last few years. Both President Dmitry Medvedev and Prime Minister Vladimir Putin have repeatedly called for the ruble to be used as a regional reserve currency, although the idea has received little support outside of Russia.
Read the whole article here