Category: Global Financial System
The analysis published under this category are as follows.Monday, May 04, 2009
G20 Meeting Governmental or Mafia? / Politics / Global Financial System
By: LewRockwell
Do you remember the 1957 meeting of Mafia bosses in Apalachin, New York? About 100 of the Big Bosses met at the home (it must have been large!) of local Mafia chieftain Joe Barbara, and the local police became curious when they noticed numbers of expensive cars with out-of-town license plates at the Barbara home. The cops, acting on the principle of "arrest now, ask questions later," arrested as many of the men as they could catch, and a prosecutor named Milton Wessel subsequently tried them on conspiracy charges.
Friday, April 24, 2009
U.S. ‘Soft Power’, Dollar Standard and the Banks / Politics / Global Financial System
By: Global_Research
Steven Lesh writes: The privilege of supplying the world’s reserve currency, the money nations use to conduct business beyond their borders, is a source of power to the nation that possesses it more valuable than the most powerful military. Since virtually all money is created ‘out of thin air’ by entries in bank ledgers, the nation supplying the world’s reserve currency has the power to create enough money to buy the world. Working in conjunction with its banks, a nation supplying the reserve currency can conquer and control vastly more of the world’s wealth than it could hope to with military force.
Thursday, April 23, 2009
Chinese Global Currency Strategy Challenge to U.S. Dollar and Gold / Currencies / Global Financial System
By: Jim_Willie_CB
In a series of maneuvers, Chinese officials have revealed their strategy implementation in a very broad set of steps. Beijing leaders plan to establish the yuan currency as a global reserve currency. The process will be made more complete after issuance of a large volume of Chinese Govt debt securities, soon in coming. The number of policy actions is impressive. While the USGovt is busy stepping backwards with FASB rules enabling false bank accounting, gearing up Treasury programs to direct colossal elite welfare / confiscation to failed banks responsible for the crisis, covering up Wall Street fraud and regulatory lapses and debt rating agency collusion, and ordering pork like the $9 billion high speed train from Disneyland to Las Vegas, the Chinese are making important meaningful critical strides.
Saturday, April 18, 2009
The Tower of BIS Basel: Secretive Plans for the Issuing of a New Global Currency / Politics / Global Financial System
By: Global_Research
Ellen Brown writes: In an April 7 article in The London Telegraph titled “The G20 Moves the World a Step Closer to a Global Currency,” Ambrose Evans-Pritchard wrote:“A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order. “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,’ it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.
Monday, April 13, 2009
China's Proposal for a Super-sovereign Global Reserve Currency System / Currencies / Global Financial System
By: Global_Research
Proposal of the Governor of the People's Bank of China presented to the G20 Meetings - The outbreak of the current crisis and its spillover in the world have confronted us with a long-existing but still unanswered question,i.e., what kind of international reserve currency do we need to secure global financial stability and facilitate world economic growth, which was one of the purposes for establishing the IMF? There were various institutional arrangements in an attempt to find a solution, including the Silver Standard, the Gold Standard, the Gold Exchange Standard and the Bretton Woods system. The above question, however, as the ongoing financial crisis demonstrates, is far from being solved, and has become even more severe due to the inherent weaknesses of the current international monetary system.
Wednesday, April 08, 2009
Towards New Global Currency, New Financial World Order - Part2 / Politics / Global Financial System
By: Global_Research
... Continued from Part 1 Here.
An Emerging Global Government
A recent article in the Financial Post stated that, “The danger in the present course is that if the world moves to a “super sovereign” reserve currency engineered by experts, such as the “UN Commission of Experts” led by Nobel laureate economist Joseph Stiglitz, we would give up the possibility of a spontaneous money order and financial harmony for a centrally planned order and the politicization of money. Such a regime change would endanger not only the future value of money but, more importantly, our freedom and prosperity.”[57]
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Wednesday, April 08, 2009
Towards New Global Currency, New Financial World Order / Politics / Global Financial System
By: Global_Research

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Monday, April 06, 2009
The New Real Global Reserve Currency / Currencies / Global Financial System
By: David_Vaughn

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Tuesday, March 31, 2009
What Will be the Next World Reserve Currency? / Currencies / Global Financial System
By: Joseph_Toronto
What exactly is a “reserve currency”?
- Replace the dollar as the world's reserve currency?
- Why the dollar will remain the most important reserve currency.
- What are the Chinese really up to?
Sunday, March 29, 2009
China Zhou Xiaochuan: We Need An International Currency / Currencies / Global Financial System
By: Ronald_R_Cooke
China wants to divorce the dollar. Good move. The dollar is on the brink of considerable depreciation. Premier Wen Jiabao is concerned looming inflationary pressures will sharply decrease the value of American debt held in Chinese banks. In order to encourage create greater monetary stability, Zhou Xiaochuan wants to create an international currency unit that can be used in trade as well as a standard against which other currencies can be pegged.Read full article... Read full article...
Sunday, March 29, 2009
An International Reserve Super Currency? Bretton Woods the Third / Currencies / Global Financial System
By: Oxbury_Research

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Thursday, March 26, 2009
G20 Meeting and Special Drawing Rights Potential Developments / Politics / Global Financial System
By: Robert_Bradshaw

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Thursday, March 12, 2009
Global Zero Interest Rates Policy Means Spend Now Pay Later / Interest-Rates / Global Financial System
By: Mike_Shedlock

Let's tune in with a look at ECB Approaches Zero Rates by Stealth With New Weapon .
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Sunday, February 15, 2009
Understanding Money and War- Part I / Politics / Global Financial System
By: Robert_Bradshaw

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Tuesday, January 13, 2009
Breakpoint for the Global Monetary System / Interest-Rates / Global Financial System
By: Dr_Krassimir_Petrov

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Monday, December 22, 2008
Federal Reserve and Central Banking Responsible for Inflationary Booms and Busts / Economics / Global Financial System
By: Rob_Kirby

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Tuesday, November 25, 2008
Citigroup Collapses! Global Banking System Shutdown Possible / Stock-Markets / Global Financial System
By: Money_and_Markets
It pains me deeply to announce that, despite the massive government rescue, yesterday's collapse of Citigroup could ultimately lead to a shutdown of the global banking system.
For many years, I hoped this would never happen, and I thought we might be able to avoid it.
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Sunday, November 16, 2008
G20 Economic Summit Changes Nothing / Politics / Global Financial System
By: Richard_C_Cook
The G20 is meeting today in Washington, D.C., to discuss the world financial crisis, its causes, and what can be done about it. But this won't help the people of the U.S. who have been victimized by their own financial system.
The stated objectives are to find ways to stabilize and reduce speculation in the financial markets and make financial transactions more transparent, more efficient, and more international in scope. But this is also a revolt by the nations of the world against over-reliance on the U.S. dollar as the world's reserve currency. What we are likely to see over time is a multi-currency regime that includes the Euro and one or more Asian currencies as well.
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Friday, November 14, 2008
G7 Banking Systems Continue to Plunge into the Abyss / Stock-Markets / Global Financial System
By: Ty_Andros

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Friday, November 14, 2008
The G-20's Secret Credit Crash Debt Solution / Currencies / Global Financial System
By: Money_and_Markets
Larry Edelson writes: If you think this weekend's G-20 meetings in Washington are only about designing short-term fixes to the financial system and regulatory reforms for banks, hedge funds, brokers, mortgage companies and investment banks … think again.
Behind the scenes, a far more fundamental fix is being discussed — the possible revaluation of gold and the birth of an entirely new monetary system.
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