Confirmed: International Monetary Fund (IMF) set to be the World's Federal Reserve!

UN: International Monetary Fund presses for authority to become the Federal Reserve of the world. The plan is to tie all the world's fiat currencies together so that, when one country gets deeper in debt than the others, the IMF can rush money from frugal countries to the reckless ones. Yes, that will do it! Yahoo News 2010 Feb 26 (Cached)​

- G. Edward Griffin


IMF wants new power to supervise global financial system

AFP / Yahoo News
Feb 26, 2010

http://news.yahoo.com/s/afp/20100226/bs_afp/financeeconomyimfsupervise
 
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FrankRep said:
IMF calls for gradual rise in Japan Sales Tax

http://www.ronpaulforums.com/showthread.php?t=247463http://www.ronpaulforums.com/showthread.php?t=247463
Click to expand...


Now I wonder why this is announced instead of just keeping it on the down low in the G-8 or G-20 meetings?

Japan is the cookie cutter example for the U.S. government controlled GDP economy through FIAT Stimulus and Bailouts and they will continue for decades if the IMF world doesn't take control earlier.

The Natives are getting restless with all these FIAT garbage moves. One thing for sure, the G-20 top money masters cabal will control any uncooperative dissenting smaller countries that may step outta line whether initially or down the road.

I look at all this as a declination of the standard of living in the US through a multitude of tools and operations and the standard of some other nations rise a bit.

Collectivist Parity... Globally.

BTW... Remember... any headline that has Obama's name in it or one of his teleprompter puppet speeches on fiscal fixing... it's just the Money Masters with their arm so far up his ass that they move his mouth and eyes.
 
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2009 prediction coming true.






The Emerging Global Federal Reserve

As powerful as the Federal Reserve is, just imagine how much more powerful a global Fed would be in terms of its ability to control the global economy and an emerging world currency. By Alex Newman​

Waking up to a World Currency

If global financial elites have their way, America will move quickly toward accepting a planetary fiat currency (a currency not backed by a precious commodity like gold) issued by a world central bank. by Alex Newman​

IMF Report Promotes Global Fiat Currency, World Central Bank

An April report from the International Monetary Fund promoting a world central bank and a global fiat currency went totally undetected by the global press for months, but after a blog post earlier this month, it is now in the media spotlight. By Alex Newman​

IMF as the Global Federal Reserve: G20's Agenda Behind the Agenda

A main component of the G20 Summit in Toronto was the continuing push to promote the International Monetary Fund (IMF) and the new Financial Stability Board (FSB)as the global regulators and the global Federal Reserve in the new economic order. by William F. Jasper​

Global Fusion: The G20, IMF, and World Government
The goal of the G20 is to transform the IMF into a global Federal Reserve, moving us closer than ever to the creation of a world government under the United Nations. by William F. Jasper​

G20 Advances New World Order, Media Admit
The G-20 Summit advanced more international government control of the global economy in what the world media called a New World Order. By Alex Newman​

The G20 Push to "Supersize" the International Monetary Fund
The 20G push to “supersize” and transform the International Monetary Fund (IMF) into a global Federal Reserve System has been developing in elite political and economic circles for months. By William F. Jasper​


Interesting:

Leader of the International Monetary Fund (IMF) is a Socialist
http://www.ronpaulforums.com/showthread.php?t=253012
 
sorosii-ap.001.jpg



When billionaire George Soros wrote two years ago that what the world needed now was “a new world architecture,” he was already laying plans for Bretton Woods II, April 8-11, 2011, to be held at the Mount Washington Hotel in Bretton Woods, New Hampshire.​


Funding of Bretton Woods II by George Soros Exposed


Bob Adelmann | The New American
30 March 2011
 
All a world central bank does is solve the problem of differential inflation of the world's fiat currencies. It doesn't solve the fundamental problems of unrestrained government growth, market distortion, and price inflation caused by fiat currency. And those problems have already brought the world to the brink. It won't stop it from going over. And in the aftermath of a global dollar collapse, selling another fiat currency is going to be tough. Of course one should never overestimate the wisdom of the average shmoe.
 
The neo liberals and socialists will soon see the catastrophe that they are naively BEGGING for.

Nothing is more pathetic then asking to be a slave.


Acala said:
All a world central bank does is solve the problem of differential inflation of the world's fiat currencies. It doesn't solve the fundamental problems of unrestrained government growth, market distortion, and price inflation caused by fiat currency. And those problems have already brought the world to the brink. It won't stop it from going over. And in the aftermath of a global dollar collapse, selling another fiat currency is going to be tough. Of course one should never overestimate the wisdom of the average shmoe.
Click to expand...
 
Report from Bretton Woods II




Mark Anderson sits down with Gary Franchi to let us in on what happened in Bretton Woods, New Hampshire at the Bretton Woods II meetings, where the economic elite gathered over the weekend.​
 
A Golden Rule, like free-markets and facts, are stubborn things... "He who owns the gold makes the rules" will likely prevail.

In "The Mystery of Banking" Murray N. Rothbard quotes Mises,
As Ludwig von Mises conclusively demonstrated in 1912, money does not and cannot originate by order of the State or by some sort of social contract agreed upon by all citizens; it must always originate in the process of the free market.
Click to expand...

I suspect that the people over at the IMF are not as smart as Mises, and that their 'bancor' or whatever they end up calling it will be tougher to implement than they think.
 
jazzyjey said:
What would a world currency mean to those that are holding onto silver/gold?
Click to expand...

In the short term, it's tough to tell: For a while, the illusion of stability would probably result in a substantial dip in the price of silver and gold for most. However, if the trade-in value of the dollar for the international currency is poor, gold and silver would skyrocket relative to dollars first, because that would translate to the dollar's purchasing power plummeting overnight upon the introduction of the new currency. Others have suggested that the dollar's purchasing power could plummet overnight by as much as half upon introduction of a world currency. I personally doubt that though, because dollars are currently the international reserve currency, and the combined amount held by foreigners far exceeds that of any other currency. Everyone has a vested interest in getting a decent initial trade-in value for their dollars, especially a country like China. After the big dollar holders get their trade-in though, the dollar will just drop like a rock, since it will only be used domestically anymore (if at all).

Therefore, my personal prediction for the short term would be a "fair" trade-in price and a quick, large dip in the prices of silver and gold while the foolish sigh in relief and sell.

For a while, I predict that the newer currency will be managed somewhat better than the dollar, and it will buy time before hyperinflation (but it won't buy time for the US debt bomb): Creditor countries like China will likely put pressure on the central bank not to inflate, because they want to be paid back in high-value currency, and because they're already sitting on tons of reserves that they don't want to depreciate. They will still maintain their separate domestic currency (the Yuan), which they can continue inflating at will to artificially maintain their trade balance and impoverished population.

However, creditor countries like China are WAY outnumbered by insane borrow and spend countries. The US isn't even the worst in terms of debt to GPD...not even close. They (including the US) will continue inflating their domestic currencies to maintain low interest rates, and they will also continue inflating them through excessive government borrowing. These governments are like drug addicts, and they have absolutely no responsibility: You can see it with Congress this week, where not only do they refuse to cut a full 1% of the budget (the $38 billion figure) during a time of crisis, but they barely want to cut one ten thousandth of the budget!

Because most countries will still be inflating their domestic currencies like crazy, they will likely put enormous pressure on the central bank to inflate the world currency as well, and they will doubtless borrow like crazy straight from the central bank in terms of the new currency. That way, they can "keep up" in the race to the bottom. ;) It's extremely doubtful that they won't inflate the new currency, because that would make it apparent that their domestic currencies are losing value relative to it. However, if they are actually hesitant to inflate it - doubtful - it will become a temporary store of value around some level, much like gold and silver, but with a larger inherent risk (because sooner or later, they're going to inflate ;)). Also, the stronger the urge to hold onto the new currency (because it keeps value), the more countries will want to inflate it so their domestic currency doesn't look so bad in comparison.

To summarize, the fate of the first world fiat currency will be the following: I think gold and silver will dip significantly (even plummet), upon the introduction of the international fiat currency, due to the new perception of stability...but in the long run, the new currency will die the same death as all fiat currencies eventually do. As Acala said, it simply cannot solve the fundamental problems. It will buy time before hyperinflation, because the death of the new currency will not be so intricately linked with the short fuse on the US government's debt bomb, but the other countries are going bankrupt too, and it will not solve the problems. Once that becomes apparent to most, gold and silver will rally again. The first international fiat currency will fail...maybe a week after introduction, or maybe several decades, but it will fail. Personally, I'd give it some number of years, because it will be prolonged as long as possible. From my vantage point, I can't even tell if it will collapse in my lifetime or not...but my gut says yes, and we'll be able to predict things better after it's introduced.

Afterwards, there will be a SECOND attempt at an international fiat currency. Having already tried it once, the power brokers will have only one place left to run once it fails: They will blame its demise on the continued existence of nation-states. "It will only work if you give us FULL control over EVERYTHING!" Besides giving up (doubtful), the only remaining centralization option they can suggest is consolidating all sovereignty under a single world government (unless they do a two-step thing with continental unions first). Of course, even if people fall for it, the next world fiat currency will fail as well, and they will be all out of tricks for all eternity, unless they can eradicate history from the books (or unless we start interstellar trade first and they see more centralization opportunities like the Galactic Republic / Empire of Star Wars :rolleyes: ). At that point, their only remaining option will be brute force and open subjugation. Before the second world currency finally crashes, they're going to try confiscating gold and silver. Odds are, they will do everything they can to phase out gold, silver, and even cash and implement a full control grid long before that happens...because if they don't, it's totally game over for them, and people will be clamoring for sound money.
 
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Thanks you for your in-depth opinion!

Mini-Me said:
In the short term, it's tough to tell: For a while, the illusion of stability would probably result in a substantial dip in the price of silver and gold for most. However, if the trade-in value of the dollar for the international currency is poor, gold and silver would skyrocket relative to dollars first, because that would translate to the dollar's purchasing power plummeting overnight upon the introduction of the new currency. Others have suggested that the dollar's purchasing power could plummet overnight by as much as half upon introduction of a world currency. I personally doubt that though, because dollars are currently the international reserve currency, and the combined amount held by foreigners far exceeds that of any other currency. Everyone has a vested interest in getting a decent initial trade-in value for their dollars, especially a country like China. After the big dollar holders get their trade-in though, the dollar will just drop like a rock, since it will only be used domestically anymore (if at all).

Therefore, my personal prediction for the short term would be a "fair" trade-in price and a quick, large dip in the prices of silver and gold while the foolish sigh in relief and sell.

For a while, I predict that the newer currency will be managed somewhat better than the dollar, and it will buy time before hyperinflation (but it won't buy time for the US debt bomb): Creditor countries like China will likely put pressure on the central bank not to inflate, because they want to be paid back in high-value currency, and because they're already sitting on tons of reserves that they don't want to depreciate. They will still maintain their separate domestic currency (the Yuan), which they can continue inflating at will to artificially maintain their trade balance and impoverished population.

However, creditor countries like China are WAY outnumbered by insane borrow and spend countries. The US isn't even the worst in terms of debt to GPD...not even close. They (including the US) will continue inflating their domestic currencies to maintain low interest rates, and they will also continue inflating them through excessive government borrowing. These governments are like drug addicts, and they have absolutely no responsibility: You can see it with Congress this week, where not only do they refuse to cut a full 1% of the budget (the $38 billion figure) during a time of crisis, but they barely want to cut one ten thousandth of the budget!

Because most countries will still be inflating their domestic currencies like crazy, they will likely put enormous pressure on the central bank to inflate the world currency as well, and they will doubtless borrow like crazy straight from the central bank in terms of the new currency. That way, they can "keep up" in the race to the bottom. ;) It's extremely doubtful that they won't inflate the new currency, because that would make it apparent that their domestic currencies are losing value relative to it. However, if they are actually hesitant to inflate it - doubtful - it will become a temporary store of value around some level, much like gold and silver, but with a larger inherent risk (because sooner or later, they're going to inflate ;)). Also, the stronger the urge to hold onto the new currency (because it keeps value), the more countries will want to inflate it so their domestic currency doesn't look so bad in comparison.

To summarize, the fate of the first world fiat currency will be the following: I think gold and silver will dip significantly (even plummet), upon the introduction of the international fiat currency, due to the new perception of stability...but in the long run, the new currency will die the same death as all fiat currencies eventually do. As Acala said, it simply cannot solve the fundamental problems. It will buy time before hyperinflation, because the death of the new currency will not be so intricately linked with the short fuse on the US government's debt bomb, but the other countries are going bankrupt too, and it will not solve the problems. Once that becomes apparent to most, gold and silver will rally again. The first international fiat currency will fail...maybe a week after introduction, or maybe several decades, but it will fail. Personally, I'd give it some number of years, because it will be prolonged as long as possible. From my vantage point, I can't even tell if it will collapse in my lifetime or not...but my gut says yes, and we'll be able to predict things better after it's introduced.

Afterwards, there will be a SECOND attempt at an international fiat currency. Having already tried it once, the power brokers will have only one place left to run once it fails: They will blame its demise on the continued existence of nation-states. "It will only work if you give us FULL control over EVERYTHING!" Besides giving up (doubtful), the only remaining centralization option they can suggest is consolidating all sovereignty under a single world government (unless they do a two-step thing with continental unions first). Of course, even if people fall for it, the next world fiat currency will fail as well, and they will be all out of tricks for all eternity, unless they can eradicate history from the books (or unless we start intergalactic trade first and they see more centralization opportunities like the Galactic Republic / Empire of Star Wars :rolleyes: ). At that point, their only remaining option will be brute force and open subjugation. Before the second world currency finally crashes, they're going to try confiscating gold and silver. Odds are, they will do everything they can to phase out gold, silver, and even cash and implement a full control grid long before that happens...because if they don't, it's totally game over for them, and people will be clamoring for sound money.
Click to expand...
 
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