Your Account  •  Become a Member  •  Help  •  Search    
    Forums ›› Main ›› Economics ›› If USD Implodes, all Paper Currencies Implode & World Crashes-Most Don't Talk of This  


Post A Reply
    
ByLoSellHi
 

Registered: Jul 2006
Posts: 11231

 

11-04-09 02:12 AM

Author Says G-20 Meeting in Scotland this Week about Dumping U.S. Dollar

http://www.prweb.com/releases/G-20/...rweb3150584.htm

Best-selling author Daniel Estulin states that the key issue to be discussed this week at the G20 Finance Ministers and Central Bank Governors Meeting, being held in St. Andrews, Scotland, is how to bring down the present world financial system through dumping the US dollar.

(Vocus/PRWEB ) November 3, 2009 -- Best-selling author Daniel Estulin states that the key issue to be discussed this week at the G20 Finance Ministers and Central Bank Governors Meeting, being held in St. Andrews, Scotland, is how to bring down the present world financial system through dumping the US dollar. Estulin first reported on this initiative as being deliberated at the most recent Bilderberg meeting held in Greece in May 2009. Estulin says that the success or failure of this callous plan hinges on the ability of the US and UK representatives to convince the Russian, the Chinese and other national governments to go along with their scheme.

Estulin maintains that if the co-conspirators succeed, such sudden devaluation of the US dollar would result in the sinking of the world economy through a chain-reaction collapse of the entire world’s financial system. As discussed during the Bilderberg Group’s super-secret conclave back in May, this breakdown would then be used as an excuse to launch a new world monetary system. G20 leaders are aware that those who run the monetary markets, the monetary system, control the world. That is why today, the world is run through a dominant one-currency monetary system and not by national credit systems.

A severe breakdown crisis would affect every corner of the world and be a prelude to instability, wars and general hostility along financial, geographical and geopolitical lines, affecting not only particular countries but also societies, cultures and whole continents. Such a breakdown could result in a consolidation of the world’s monetary system.

Estulin declares that the creation of the new world currency is the true meaning of globalization, which is nothing but an empire. It is the elimination of the nation-state, the degradation of individual national liberties and the depredation of civil rights.

Collapsing the US dollar, first of all, is an assault on the structure of the United States economy toward the creation of a “World Company.” This concept, Estulin states, was initially discussed at the April 1968 Bilderberg Group meeting, held in Canada at Mont Trembland, by George Ball, a senior Lehman Brothers banker and former undersecretary for economic affairs for Presidents John Kennedy and Lyndon Johnson.

The aim of this World Company, as explained by Ball was “to eliminate the archaic political structure of nation-state” in favor of the more “modern” corporate structure. Ball also called for further political integration in Europe, and then the rest of the world, as a precondition for expanding the power of a World Company, thus putting the financiers on the same levels as governments.

This initiative, the moving away from the US dollar as a world currency, is the true intention of the G20 meeting November 6-7 at St. Andrews in Scotland, the site of the 1998 Bilderberg conference, Estulin asserts.

    Edit/Delete Quote Complain
spades434
 

Registered: Jan 2009
Posts: 89

 

11-04-09 02:50 AM

You don't see "Bilderburg" mentioned very often. Most times folks think you're a conspiracy nut or something. However, this would seem to fit into their plans of an NWO. Essentially, the rich get much richer and more powerful, and to hell with everyone else.

It would also explain why the gov't is so determined to print new paper and then just give it away, with a total lack of concern for the ability to pay it back. If all paper currencies are wiped out, you'd have to assume that sovereign debts would be wiped out as well? Just how catastrophic that would be is difficult to quantify. It's definitely a stretch, but so was SPX 666 2 years ago.

    Edit/Delete Quote Complain
thurstonhowell3
 

Registered: Feb 2007
Posts: 44

 

11-04-09 03:27 AM

The hyper-inflation argument is fashionable, en vogue, and wrong. People seem to forget that the desperate attempt to re-inflate is only the applied medicine. This cycle ends in massive debt destruction and a deflationary depression, depsite a negative real rate. Japan, only uglier.

    Edit/Delete Quote Complain
dtan1e
 

Registered: Sep 2006
Posts: 406

 

11-04-09 03:31 AM

after the cash for clunkers, one has to be blind not to see what the fed is trying to do, i'm quite sure its already underway, not all central bankers r idiots, its likely they all go abt yes they have confidence in the dollar while gradually shifting to other assets

    Edit/Delete Quote Complain
    
Post A Reply


Receive an email whenever a new post is added to this thread by subscribing to it.
Rate This Thread:

Forum Jump:
 

 

   Conduct Rules    Privacy Policy Copyright © 2009, Elite Trader. All rights reserved.    
 
WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Alpari (US)
US Forex Trading Services
AMP Trading
Futures and FX Trading
Bright Trading
Professional Equities Trading
Cyborg Trading
Gray-Box Trading Tools
CTS
Futures Trading Software
ECHOtrade
Professional Trading Firm
Equity Trading Capital
Equity & Option Training
eSignal
Trading Software Provider
Global Futures
Futures, Options & FX Trading
Go Futures
Online Futures Trading
Interactive Brokers
Pro Gateway to World Markets
Interbank FX
Foreign Currency Trading
JC Trading Group
Direct Access Trading
Keystone Trading Group
Prop Trading Firm
MadScan
Trading Software Provider
MB Trading
Direct Access Trading
Mirus Futures
Commodity Trading Services
NinjaTrader
Trading Software Provider
OneChicago
Electronic Futures Exchange
Questrade
Brokerage for Canadian Traders
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim
Direct Access Trading
TickQuest
Trading Software Provider
TradeMaven
Software and Education
TradersStudio
Trading Software Provider
TradeStation
Direct Access Trading
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider
Velocity Futures
Derivatives Trading Services
Zumo
Futures and Options Trading