It’s the big one guys. This is what I have been tossing around for a year or two while watching the government prints more paper, fractional reserve banking keeps relying on growth, and the Fed bleeding more green into our systems. Echoing China, the head of the IMF proposed exploring a global alternative to the U.S. Dollar on Friday. That’s right, while I was working on homework, while you guys were probably working, and while your kids were getting their regular eight-hour block of indoctrination in, the IMF was planning to explore a new global currency.
It was noted by Alex Jones in his Sunday broadcast (today’s, 2/28/10) that the banking cartel wanted to see a square-off between the U.S. Dollar and the Euro, then the IMF would offer the global alternative. I used to ask why they would make the local currencies duke it out only to have the IMF pull the global smack-down. I thought it out then and came to the conclusion that maybe once the dominant currency came to be; the IMF could offer their global currency based on convenience (where the whole of the world takes one currency in varying amounts). But, there I go digressing again.
Follow-Up:I did more research on this issue and it seems confidence in the global economy is dwindling, as the Greek, Portuguese, and Spanish economies get ready to default on their debts., and the US unemployment rate isn’t helping either. What does this mean? Read the second paragraph again. It’s that chain of collapses that Glenn talked about a few weeks ago (can someone help me out with some linkage?).
Alex said on his show the the top 24 central bank kingpins are gathering together to formulate a global banking constitution. While I couldn’t find anything to support that, it would not be out of the realm of impossibility. I’m also theorizing that the new constitution would be constructed based heavily on SDRs.