Wednesday, March 18, 2009

The New World Order is about to strike a blow to freedom: World Reserve Currency to be proposed @ G20

In this post back in December, I showed a video of Alex Jones interviewing Ron Paul about the NWO making a move to have a global currency and the inevitable loss of American Sovereignty.
The general consensus at the time was Alex Jones is a nut case and this would never happen:

Well friends...It really is happening and the evidence is right here:

At G20, Kremlin to Pitch New Currency
17 March 2009, Moscow Times Article:

The Kremlin published its priorities Monday for an upcoming meeting of the G20, calling for the creation of a supranational reserve currency to be issued by international institutions as part of a reform 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 has persistently criticized the dollar's status as the dominant global reserve currency 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.


The Kremlin document 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 Group of 20 industrialized and developing countries will meet in London on April 2.

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