China Wants One World IMF Currency

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

Custom Search