Category: Global Financial System
The analysis published under this category are as follows.
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
Following the 2009 G20 summit, plans were announced for implementing the creation of a new global currency to replace the US dollar's role as the world reserve currency. Point 19 of the communiqué released by the G20 at the end of the Summit stated, “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity.” SDRs, or Special Drawing Rights, are “a synthetic paper currency issued by the International Monetary Fund.” As the Telegraph reported, “the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”[1] Read full article... Read full article...
Monday, April 06, 2009
The New Real Global Reserve Currency / Currencies / Global Financial System
By: David_Vaughn
Well! Well! Well! China is proposing getting rid of the US dollar to be replaced by a new global currency that would become the new international reserve currency. China wants to see stability in the currency mark ets and the US dollar is not providing this. Actually, China is very concerned about the new dollars being printed and their future impact on inflation. Read full article... Read full article...
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
March 24 (Bloomberg) -- China 's call for a new international reserve currency may signal its concern at the dollar's weakness and ambitions for a leadership role at next week's Group of 20 summit, economists said. Central bank Governor Zhou Xiaochuan yesterday urged the International Monetary Fund to create a “super-sovereign reserve currency.” The dollar weakened after the Federal Reserve said it would buy Treasuries and the U.S. government outlined plans to buy illiquid bank assets. Read full article... Read full article...
Thursday, March 26, 2009
G20 Meeting and Special Drawing Rights Potential Developments / Politics / Global Financial System
By: Robert_Bradshaw
There have been several news reports this past week on the upcoming G20 meeting in London on April 2nd. Perhaps the Chinese and Russians have been the most noteworthy in their plans for a new world reserve currency to replace the dollar. The Russians have had a focus on a basket of currencies or regional currencies which would open the door for the Russian ruble to gain a par status with the dollar and other key currencies. Read full article... Read full article...
Thursday, March 12, 2009
Global Zero Interest Rates Policy Means Spend Now Pay Later / Interest-Rates / Global Financial System
By: Mike_Shedlock
ECB President Trichet has effectively cut its interest rate policy to .5% by agreeing to provide banks an unlimited supply of cash. 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
In medieval times, the goldsmith business developed in much of Europe (with involvement of people whom had been known earlier as money changers). By the Middle Ages, goldsmithing was an established reality. As gold was physical, heavy and bulky to store, but yet of great value, many people found that they lacked the means to store and safeguard it. Goldsmiths provided this service. When gold was stored with the goldsmith, he would write a receipt for it which was given to the gold owner. Since the gold owner could get his gold upon surrender of the receipt, the receipt was as good as gold. Read full article... Read full article...
Tuesday, January 13, 2009
Breakpoint for the Global Monetary System / Interest-Rates / Global Financial System
By: Dr_Krassimir_Petrov
CHAOS & ORDER - The global monetary system is at a critical juncture. It is fast approaching a breakpoint. We take a philosophical worldview based on chaos theory that considers the evolution of seemingly stable complex systems reaching a bifurcation point, where the whole system rather unpredictably either “explodes” or “implodes” with a lightning speed. The transition is perceived as “chaotic” – the old order collapses and a new order is established. We think that the global monetary system approaches bifurcation – the breakpoint. Read full article... Read full article...
Monday, December 22, 2008
Federal Reserve and Central Banking Responsible for Inflationary Booms and Busts / Economics / Global Financial System
By: Rob_Kirby
Whether Or Not We Like It - In the past, I've written papers where the following quotation was included at the end of the treatise as an “exclamation point”: “We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.” – James Paul Warburg , whose family co-founded the Federal Reserve - while speaking before the United States Senate, February 17, 1950 Read full article... Read full article...
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
As the G7 banking systems continue their plunge into the abyss, so do the world's economies. Public servants, governments and central banks are firing every policy option they have to keep the confidence of consumers and business from collapsing. NOTHING is working as the dominoes of confidence fall faster then they can run ahead of the game. The US and G7 governments are still trying to PICK winners and losers so confusion reigns supreme. Which set of corporate or financial elites will be let into the financial lifeboats and which shall be allowed to fail? That is the question. Read full article... Read full article...
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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Tuesday, November 11, 2008
Bretton Woods II- Roadmap Towards a New Financial System / Stock-Markets / Global Financial System
By: Axel_Merk
Following calls by European leaders for a "Bretton Woods II", the Bush administration has invited the " G-20 " countries to come to Washington with the lofty goal to reform the world financial system. Will the way we do business change November 15?
The first Bretton Woods conference, held in 1944, gave birth to the International Monetary Fund (IMF), the World Bank and - albeit with half a century delay - the World Trade Organization.
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Sunday, November 02, 2008
Time to Bunker Down as the Global Debt Mountain Implodes / Economics / Global Financial System
By: Dr_William_R_Swagell
Global Panic Spreads - The largest debt bubble in the history of mankind is on the verge of deflating and collapsing as world leaders and central bankers fly around the globe to one crisis meeting after another. No sooner is one panic quelled or some hasty band-aid fix slapped into place to stop a financial collapse than another breaks out somewhere else. The bad news just keeps on coming; Read full article... Read full article...
Tuesday, October 21, 2008
The United States, Europe and Bretton Woods II to Avoid Economic Depression / Economics / Global Financial System
By: STRATFOR
French President Nicolas Sarkozy and U.S. President George W. Bush met Oct. 18 to discuss the possibility of a global financial summit. The meeting ended with an American offer to host a global summit in December modeled on the 1944 Bretton Woods system that founded the modern economic system. Read full article... Read full article...