New World Currency By 2019?
Just ran across this article on BBC @ http://news.bbc.co.uk/1/hi/business/8292011.stm
Here are some very interesting standout elements of this article:
Firstly the headline… Dollar falls on oil plan report
Then it goes off to say… Gulf states are in secret talks to replace the greenback as the main currency for the trading of oil.
… “This is US dollar negative news which is moving markets, and shows that central banks not just in Asia are looking to diversify away from the dollar,” said Jonathan Cavenagh, currency analyst at Westpac.
… The report said the Gulf states wished to replace the dollar over a nine-year period with a basket of currencies including the yen, China’s yuan, the euro, and the new unified currency planned for nations in the Gulf Co-operation Council, which include Saudi Arabia, Kuwait, the United Arab Emirates and Qatar.
… China’s central bank suggested in March that the dollar should be replaced by a new global reserve currency run by the International Monetary Fund.
My thoughts: Can you imagine this is all based on rumors of SECRET talks. Can you imagine what chaos this will bring to the financial markets once it’s made official?
Let’s not forget the other big notable recent news hinting the coming and calculated death of the dollar: “Iran replaces Dollar with Euro in FX” Click here for that article
Here are some very stimulating comments from Craig Oxley of the Unhived Mind…
Notice the timeframe folks of nine years. This is the timeframe when a one World global single currency could be created and not before. So these little baskets of currencies will be in the run up till then. Then in 2019 the final currency will be unveiled to the World.
LAST COMMENT: NOW WOULD BE THE TIME TO PROTECT YOUR WEALTH AND TAKE YOUR SAVINGS INTO GOLD AND IF YOU CAN’T AFFORD THAT THEN SILVER.
NEW UPDATE… NOW RUSSIA IN SECRET TALK TO DITCH THE DOLLAR… http://en.rian.ru/russia/20091006/156364810.html
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