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ccchhhrrriiisss
Member



Joined: 2003/11/23
Posts: 4529


 Gordon Brown: "G20 marks emergence of a new world order!"

[i]I'm not a conspiracy theorist, and I try to stay away from such rumors. However, I am amazed at how quickly the economic strategies of this world seem to be changing. While I doubt that Gordon Brown wants to instigate the sort of "New World Order" often spoken of by conspiracy chasers, it is amazing that the world is changing so quickly.[/i] - Chris

[b]G20 leaders claim summit success[/b]
By George Parker, Chris Giles, Edward Luce and David Oakley
FINANCIAL TIMES
2 April 2009 21:12

LONDON - World leaders on Thursday heralded the G20 summit as the day the world “fought back against the recession” as they put on a show of unity that lifted global markets and mapped out a new future for financial regulation.

Gordon Brown, host of the summit, said the meeting marked the emergence of a “new world order”, as he unveiled what leaders claimed was a $1,100bn package of measures to tackle the global downturn, including support for lower income countries and a $250bn plan to boost the international money supply.

Close inspection showed some of the $1,100bn pledged included reannouncements and half-done deals. However, even before the summit ended, equity markets rose sharply around the world on hopes that the global economy was stabilising.

In London, the FTSE 100 jumped 4.3 per cent to go through the 4,000 mark for the first time in six weeks while in New York, the S&P 500 surged more than 4 per cent to close up 2.9 per cent.

The leaders papered over divisions between the US and Europe over whether the world could afford a new fiscal stimulus, with US president Barack Obama describing the summit’s measures as “bolder and more rapid than any international response that we’ve seen to a financial crisis in memory” and predicted they would mark “a turning point in our pursuit of global economic recovery”.

France’s president Nicolas Sarkozy, meanwhile, said the summit’s agreement on a new regulatory regime and crackdown on tax havens showed “a page has been turned” on an era of post-war “Anglo Saxon” capitalism.

Although the summit ended with smiles, a row between China and France over the blacklisting of tax havens – including possibly Hong Kong and Macao – continued behind the scenes well into the day.

US officials say that Barack Obama helped broker a compromise over offshore tax savings between Hu Jintao of China and Nicolas Sarkozy of France, who had threatened to walk away from the summit.

Mr Sarkozy had objected to the absence of agreement to publish a list of offshore tax centres that were not in compliance with existing standards on transparency. With the exception of China, all other countries agreed that the Organisation of Economic Cooperation and Development would publish a list of offshore offenders in a “naming and shaming” exercise. In the end they agreed a compromise in which the G20 would only “take note” of the OECD’s list, rather than endorse it.

The summit text included commitments to curb “risky” bank pay and bonuses, but offered little new on monetary policy action or efforts to clean up bank balance sheets.

Of the $500bn of money pledged to the IMF to bolster struggling economies, some had already been announced and $250bn was a pledge of future funds.

In a new development, the G20 agreed to let the IMF create $250bn of Special Drawing Rights, its own currency comprising dollars, euros, yen and sterling, boosting the foreign exchange reserves of every country. Most of this cash will go to the big advanced economies, but poorer countries facing budgetary strains will gain new cash without normal IMF conditions.

Click [url=http://www.ft.com/cms/s/0/082652de-1fb0-11de-a1df-00144feabdc0.html]HERE[/url] to read the full article.


_________________
Christopher

 2009/4/2 20:18Profile









 Re: Gordon Brown: "G20 marks emergence of a new world order!"

No need to worry about bordering on conspiracies Brother - Brown's call for the IMF last Fall was calling for the UN.

https://www.sermonindex.net/modules/newbb/viewtopic.php?topic_id=28087&forum=48&4

 2009/4/2 20:59
Earendel
Member



Joined: 2009/3/17
Posts: 308
Central Alberta, Canada

 Re: Gordon Brown: "G20 marks emergence of a new world order!"



The summit text included commitments to curb “risky” bank pay and bonuses, but offered little new on monetary policy action or efforts to clean up bank balance sheets.

Quote:


In a new development, the G20 agreed to let the IMF create $250bn of Special Drawing Rights, [i][b]its own currency[/b][/i] comprising dollars, euros, yen and sterling, boosting the foreign exchange reserves of every country. Most of this cash will go to the big advanced economies, but poorer countries facing budgetary strains will gain new cash without normal IMF conditions.

Click [url=http://www.ft.com/cms/s/0/082652de-1fb0-11de-a1df-00144feabdc0.html]HERE[/url] to read the full article.



So according to the above paragraph, there WILL be a new world currency. How long before it becomes the reserve currency of the world? ...just one more stock market crash? Or is it to be the new reserve currency?


_________________
David

 2009/4/2 22:27Profile
crsschk
Member



Joined: 2003/6/11
Posts: 9192
Santa Clara, CA

 Re: SDR

"The SDR is an international reserve asset, created by the IMF in 1969 to supplement the existing official reserves of member countries. SDRs are allocated to member countries in proportion to their IMF quotas. The SDR also serves as the unit of account of the IMF and some other international organizations. Its value is based on a basket of key international currencies."


[url=http://www.imf.org/external/np/exr/facts/sdr.htm]Special Drawing Rights (SDRs)[/url]


_________________
Mike Balog

 2009/4/2 23:32Profile
Earendel
Member



Joined: 2009/3/17
Posts: 308
Central Alberta, Canada

 Re:

Quote:

crsschk wrote:
"The SDR is an international reserve asset, created by the IMF in 1969 to supplement the existing official reserves of member countries. SDRs are allocated to member countries in proportion to their IMF quotas. The SDR also serves as the unit of account of the IMF and some other international organizations. Its value is based on a basket of key international currencies."


[url=http://www.imf.org/external/np/exr/facts/sdr.htm]Special Drawing Rights (SDRs)[/url]



Still waiting for more news/details to come out on this G20 meeting. News going into it seemed to indicate some member states wanted to replace Bretton Woods, and there was even a call from some member states for a new global reserve currency.


I have a pretty good idea where it is eventually going to go; let's see what happens between now and next fall.

So what on earth is a Special Drawing Right (SDR) anyway?

Basically: it's a currency...

http://blog.foreignpolicy.com/posts/2009/04/02/so_what_is_a_special_drawing_right_anyway

Global economy is still in a down turn, some economists are calling for a Greater Depression.

source:
http://www.foxbusiness.com/video-search/m/21408399/the-next-four-years.htm#q=gerald+celente

compare with:
http://www.youtube.com/watch?v=Gc8Vpquhw8w

Of course this is only one economist, but there are many others with similar forecasts.

One in 10 Americans gets help from U.S. to buy food.
WASHINGTON (Reuters) - A record 32.2 million people -- one in every 10 Americans -- received food stamps at the latest count.
source:
http://www.reuters.com/article/domesticNews/idUSTRE5314B320090402


...edit to add:

Medvedev Resurrects Idea of Replacing Dollar as Reserve Currency

LONDON — So much for that fresh start.

Barely 24 hours after announcing that Russia and the United States would cooperate on a variety of long-simmering issues, President Dmitri A. Medvedev of Russia reproposed a Russian idea that the United States had thought it had batted away: starting a new basket of strong regional currencies to replace the dollar as the world’s reserve currency.

In a speech before leaders here at the Group of 20 summit meeting, Mr. Medvedev said that the countries most responsible for the global economic crisis (read: the United States) are not taking their fair share of the burden for “macroeconomic policies” needed to fix the problem.

“On this basis we conclude that it would be wise to support the creation of strong regional currencies and to use them as the basis for a new reserve currency,” Mr. Medvedev said. “One could also consider partially backing this currency with gold.”

This is not the first time Russia has brought up the idea of replacing the dollar — it floated the idea two weeks ago, and a recent essay by a Chinese economic official said the same thing.
http://www.nytimes.com/2009/04/03/world/europe/03medvedev.html?ref=world


_________________
David

 2009/4/2 23:44Profile









 Re: Gordon Brown: "G20 marks emergence of a new world order!"

http://www.huliq.com/1/79220/g-20-makes-six-pledges-toward-new-world-order



GOD Bless you all for your posts & links.
Thank you for the Body Ministry!


Pro 9:9 Give instruction to a wise man, and he will be yet wiser: teach a just man, and he will increase in learning.

Pro 18:15 The heart of the prudent getteth knowledge; and the ear of the wise seeketh knowledge.

Dan 12:3 And they that be wise shall shine as the brightness of the firmament; and they that turn many to righteousness as the stars for ever and ever.

 2009/4/3 13:37
Earendel
Member



Joined: 2009/3/17
Posts: 308
Central Alberta, Canada

 Re:

Concerning the "Special Drawing Right" of the IMF World Bank. The G20 has "revived" or brought to life a currency that had been created but left dormant.

Back in 1969, the world economy was still suffering from the effects of the Great Depression and the world wars. At the Bretton Woods conference at the end of World War II, the heads of state attending decided against creating a global reserve currency, instead instituting a fixed-rate exchange system.

Twenty-five years later, there weren't enough key exchange assets -- units of gold bullion and dollars -- to keep up with the growing global economy. So, the IMF's member states decided to create the SDR system.

This SDR system, though created, was pretty much left dormant until this last G20 meeting. It needed the right international crisis, and until the latest global economic disaster...Well Kissinger once said "you don't ever want a crisis to go to waste"

As of this last G20 meeting, the SDR (currency) has been been activated with the transfer of funds from member nations.

G20:UK Timms:IMF Funds Likely To Reach Close To $750B
A Brazilian official said earlier that the SDR total will be lifted to between $100 billion and $250 billion to help developing economies.
http://online.wsj.com/article/BT-CO-20090402-706916.html

What does this mean?

It means if this current economic crisis continues, or even gets worse and deepens for a prolonged period of time as some economists are now predicting, the world's fiat currencies may very well collapse and be replaced by the IMF currency. In short, the U.S. dollar could collapse and eventually lose its status as the world's reserve currency.

This also means nations losing their national sovereignty over their currency and their right to self-govern.

This former Canadian Prime Minister sums it up very succinctly -- Give Up Your Sovereignty To Make The World Work:
http://www.youtube.com/watch?v=xDdlY3vqmzg

...politicians don't talk just to hear themselves speak --- there is usually an agenda behind them...but whose?

...The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto determination practiced in past centuries.
-1991-
David Rockefeller
Trilateral Commission Founders


Lou Dobbs On The G20 And The New World Order:
http://www.youtube.com/watch?v=AfhqY8WG56E&feature=channel_page

Is further economic collapse coming?
...read THIS article:
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2dV4cMcTXEU

It's kind of scary when a major bank is telling you to bet against them.


Let's see what happens between now and next fall, it should be interesting.
The next G20 Meeting is this September in New York.


_________________
David

 2009/4/4 14:56Profile
ccchhhrrriiisss
Member



Joined: 2003/11/23
Posts: 4529


 Re:

Yes, and Obama seems [url=https://www.sermonindex.net/modules/newbb/viewtopic.php?topic_id=28219&forum=48&1]satisfied by a diminished role of the US[/url] in the stage of a "new world order."

I believe that the reason that the US has been stronger (economically and in terms of defense) than every other nation is because the US has never followed every other nation...until now.

:-(


_________________
Christopher

 2009/4/4 15:02Profile
Earendel
Member



Joined: 2009/3/17
Posts: 308
Central Alberta, Canada

 Re:

Quote:

ccchhhrrriiisss wrote:
Yes, and Obama seems [url=https://www.sermonindex.net/modules/newbb/viewtopic.php?topic_id=28219&forum=48&1]satisfied by a diminished role of the US[/url] in the stage of a "new world order."

I believe that the reason that the US has been stronger (economically and in terms of defense) than every other nation is because the US has never followed every other nation...until now.

:-(



a couple more articles of interest - -

[url=http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5096524/The-G20-moves-the-world-a-step-closer-to-a-global-currency.html]The G20 moves the world a step closer to a global currency[/url]


The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity.

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.
In effect, 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.
source:



Be Prepared for "Extraordinary Circumstances"
The last words you want to see in an appropriations bill from Congress are the words "in case of an emergency" or their twin sister "in the event of extraordinary circumstances".

When you see those words it is a near certainty that an "emergency" or that "extraordinary circumstances" are right around the corner.

A key U.S. Senate panel on Tuesday backed proposals to reform credit card practices and increase the authority of regulators to borrow from the Treasury Department to deal with a slew of expected bank failures.

The bill, which was introduced by the committee's chairman, Christopher Dodd, also contains two provisions aimed at increasing the borrowing authority of regulators, the Federal Deposit Insurance Corp and the National Credit Union Administration.

The provisions, introduced by Republican Senator Mike Crapo of Idaho, would increase the FDIC's borrowing authority to $100 billion from the current $30 billion to deal with banks and increase the NCUA's limit to $6 billion from $100 million for nonprofit credit unions.

The provisions also allow the agencies to exceed the new limits through the end of next year for up to $500 billion for the FDIC and $18 billion for the NCUA in the event of extraordinary circumstances.
source:

[url=http://globaleconomicanalysis.blogspot.com/2009/04/be-prepared-for-extraordinary.html]Be Prepared for "Extraordinary Circumstances"
[/url]


_________________
David

 2009/4/4 20:25Profile









 Re: Is a New World Order bad?

Is a New World Order bad? We've had them before, they've come and they've gone. Egypt, Medo Persian, Babylon and Rome have all been New World Orders, but they've fallen and their legacies have their place in our cultures.

Curious.

 2009/4/4 23:24





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