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  • The Scriptorium

    9/8/2009

    UN wants new global currency to replace dollar

    Filed under: — Jennifer Rast @ 8:28 pm

    We are indeed headed straight for the End Times folks. With a communist holding the office of President for the United States, the rest of the Marxists are feeling emboldened. The fulfillment of Bible prophecy will likely start moving faster now. No matter what the U.N. does, everyone knows the dollar is on it’s way out, and with it will go the America we didn’t fight hard enough to keep. With China dumping dollars, Russia and Iran working toward moving the sale of oil to a new currency, and Obama printing money as fast as he can, we’ll be using dollar bills as toilet paper soon. They’re creating just the crisis they need to create their economic regions, and then their global government.

    The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world’s monetary system since the Second World War.

    In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises.

    It added that the present system, under which the dollar acts as the world’s reserve currency , should be subject to a wholesale reconsideration.

    Although a number of countries, including China and Russia, have suggested replacing the dollar as the world’s reserve currency, the UNCTAD report is the first time a major multinational institution has posited such a suggestion.

    In essence, the report calls for a new Bretton Woods-style system of managed international exchange rates, meaning central banks would be forced to intervene and either support or push down their currencies depending on how the rest of the world economy is behaving.

    Read more

    One Response to “UN wants new global currency to replace dollar”

    1. Rapture Forums Says:

      We’re heading straight towards a one world government. Could even be a one world currency as the article suggests. The world would really like to bring down the US.