World Digest

Precious Metals Advisor Vol. 3, Issue 16 By GoldandSilverAdvisor Precious Metals vs. a One-World Currency-David Morgan (Silver Seek). Buy the Dip: Silver's on Sale!-Jason Hommel (Silver Seek). Existing Clients Please Remember To Log On To Your PMI Accounts For Account Updates. Best Regards, ... Latest content from Bukisa.com - http://www.bukisa.com/

More on "Who is Obama" « And So I Go: Yesterday, Today and Tomorrow By brendabowers What we American do not want and what we feel our current President wants and Gordon Brown of Great Britain wants is to join the EU and the United States under one government. A one world government. A one world currency. ... And So I Go: Yesterday, Today... - http://brendabowers.wordpress.com/

Crisis As a Way to Build a World - Wide Totalitarian State ...
By centurean2
The main thing that Stage One managed to achieve was to start a wide-ranging discussion on 'global government' and the 'inadmissibility of protectionism' with an emphasis on the 'hopelessness' of the national-state models for emerging from the crisis. ... Against this background, the idea to introduce a common world currency as a cornerstone of the 'new world order' was put forward. The real masterminds of this long-standing project are as yet in the shadow. ...
Centurean2's Weblog - http://centurean2.wordpress.com/

On Our Way To Fascism- How to Make an Economic Disaster To Achieve ...
By centurean2
The BIS is targeting regional currency blocks and ultimately, a global currency. It has been hugely successful at building the New International Economic Order, along with its attendant initiatives on global governance. .... "BIS regulations serve only the single purpose of strengthening the international private banking system, even at the peril of national economies. The IMF and the international banks regulated by the BIS are a team: the international banks lend ...
Centurean2's Weblog - http://centurean2.wordpress.com/

Goodbye U.S. dollar, hello global currency May 9, 2007 ... Steil imagines the ultimate solution is to privatize a global currency through a gold-based international monetary system. ...

Vijay Joshi: Towards a new world money
Business Standard - Mumbai,Maharashtra,India
When the Special Drawing Right (SDR) was introduced in the late 1960s, the event was hailed as the birth of a new world currency. Since then, the infant has ...
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How to Make An Economic Disaster to Achieve World Government: A ...
By Anders
The G20 proposed the SDRs of Rothschild daughter IMF as a precursor of a world currency – the BIS having already for years been using the SDRs as its currency. So, it seems that Rothschild now has the western economies entirely in his ...
Euro-med - http://euro-med.dk/

US backing for world currency stuns markets - Telegraph
Mar 27, 2009 ... Mr Bloom said that any switch towards use of SDRs has direct implications for the currency markets. At the moment, 65pc of the world's $6.8 ...

Ban Mortgage Prepayment Penalties at the Federal Level, 1: Texas ... By Mike The Democratic Party is busy with trying to fix the Recession and the banking crisis, while the Republicans are busy heroically fighting the One World Currency and the FEMA internment camps. During 2007, we heard from candidates Hillary ... Rortybomb - http://rortybomb.wordpress.com/

Nathan Gardels: The Coming Demise of the Dollar Reflects the Rise ... By Nathan Gardels One of the more momentous power shifts in the last 500 years is taking place as we sift through the debris of America's busted credit bubble. The dominance of the West built up across those centuries is now yielding to the East. The latest sign of this shift is ... Gardels: Even so, the fact that the Chinese have proposed a new global SDR currency and the G-20 has taken a step toward its creation surely marks a powershift in the world? Stiglitz: Without question, it is a ... The Huffington Post Full Blog Feed - http://www.huffingtonpost.com/theblog/

IMF and World Bank to Discuss Financing Aid for Developing Countries
Voice of America - USA
One is the issuing of $250 billion worth of the IMF reserve currency, called Special Drawing Rights, or SDRs, to nations needing funding against the effects ...
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Washington Post Highlights Agenda For 'Bank Of The World' By admin As we have repeatedly warned, the introduction of a new global currency system, with an overarching regulatory body, is a key cornerstone in the move towards global government, centralized control and more power being concentrated into ... The Bible says there will be a one world government with a one world financial system. Islam says you can drink the breast milk of your friend's wife. (LOOK IT UP, I AM TELLING YOU THE TRUTH). Islam also says Mohammad's 9 year old wife ... Alex Jones' Prison Planet.com - http://www.prisonplanet.com/

The Tower of Basel: Secretive Plans for the Issuing of a Global ... By truth11 The articles, ideas, papers, books and quotes are all here for one reason. To let everyone know the truth about our universe. The truth will set us free, it will enlighten, inspire, awaken, and unite us. ... The article is subtitled, "The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity." Which naturally raises the question, who or what will serve as this global central bank, cloaked with the power to ... Truth11 - http://truth11.wordpress.com/

Eric Hananoki: The Michele Bachmann Reality Show By Eric Hananoki lets not forget the paranoid ramblings about the one-world currency: http://shadowbankers.wordpress.com/2009/04/15/michele-bachmann-and-sdrs/. Reply Favorite Flag as abusive Posted 04:31 PM on 04/20/2009 ... The Huffington Post Full Blog Feed - http://www.huffingtonpost.com/theblog/

Moonbattery: Obama Summed Up in One Picture By Van Helsing What you have then is a political platform for a global economy which invokes the need for a world currency, more U.N. influence (such that it is), wackyness like the Kyoto treaty, global technology transfer with the gradual elimination ... Moonbattery - http://www.moonbattery.com/

RobertsCourt.com: One World Currency through Crisis and Conflict
By RobertsCourt.com
"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 ...
RobertsCourt.com - http://robertscourt.blogspot.com/

Global Currency: The Tower of Basel - Rutilus Allec - Red Herring By admin 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 ... Rutilus Allec - Red Herring - http://www.rutilusallec.com/

The Tower of Basel: Secretive Plans for the Issuing of a Global ... By ISNissanka 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 ... Syberviduliya - http://www.syberviduliya.com/

The Tower of Basel: Secretive Plans for the Issuing of a Global ... By admin The Tower of Basel: Secretive Plans for the Issuing of a Global Currency. 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 ... Istotne Fakty - http://istotnefakty.pl/

Crisis as a way to build a world-wide totalitarian state ...
Even though the picture of 'the new world' remains vague and fuzzy, the main idea is quite clear: A single global government has to be established if we don't want general chaos to prevail. Every now and again, Western politicians ... Against this background, the idea to introduce a common world currency as a cornerstone of the 'new world order' was put forward. The real masterminds of this long-standing project are as yet in the shadow. Let us note that some or other ...
RT - http://russiatoday.com/

ALBA to create single regional currency Xinhua - China Venezuelan President Hugo Chavez said the creation of the Sucre would be endorsed at this summit and the single currency is expected to come into use on Jan ... See all stories on this topic

The Goldsmiths—Part LXIX Gold Seek - USA Undoubtedly, a breakout of any type of war will benefit the price of gold—that is until world government and a one world currency is on top of us. ... See all stories on this topic

HOW AN SDR RESERVE CURRENCY MIGHT WORK AND ISSUES TO ADDRESS guardian.co.uk - UK US resistance to an idea that would remove benefits that accrue to the issuer of the world's main reserve currency. President Barack Obama on March 24 ... See all stories on this topic

Currency and Gold Futures in Light of the G20 Seeking Alpha - New York,NY,USA "We have agreed to support a general SDR allocation which will inject $250bn into the world economy and increase global liquidity." SDRs are Special Drawing ... See all stories on this topic

» A Shot Over The Bow? Government Trying to Intimidate Free Speech ...
By captkarl
Almost every single day one to about five things happen that are definite actions toward this endeavor and, yes, toward a One World Currency / Which, obviously is the last step toward a One World Government and the entire loss of our ...
The Liberty Tree Lantern - http://captkarl.blogivists.com/

Euro minister misses Weldon, cites debt worries | PhillyDeals | 04 ...
One has to be extra prudent in the early years of establishing something like this." So if the U.S. comes out of this deep in debt, won't the euro replace the dollar as the world's strongest currency? "In the long run that could be good ...
Phillydeals - http://www.philly.com/philly/blogs/inq-phillydeals/

Department of Homeland Security Report on Right-Wing Extremism
By dbrigham@visi.com (Jordan Jelinek)
It may include groups and individuals that are dedicated to a single issue, such as opposition to abortion of immigration." – Department of Homeland Security. Come to think of it, if we take out the hate-oriented racist language, this would be a solid foundation for a political party to ... Remembering my history, it was only a few weeks ago when Gordon Brown called for a Global Currency, and our Secretary of the Treasury Geithner said he was open to the Global Currency. ...
True North - Pointing Minnesota... - http://looktruenorth.com/component/content/frontpage.html

Random Thoughts on One World Currency.

The Tower of Basel: Secretive Plans for the Issuing of a Global ...
By mosesman
This global financial crisis is caused by Illuminati banksters based on their plans for a global financial system, 1 world government and 1 world currency. For a global currency to succeed, you need a world central bank. It appears we have 2 candidates for this role: the IMF ... The statement echoed one made in the eighteenth century by the patriarch of what would become the most powerful banking dynasty in the world. Mayer Amschel Bauer Rothschild famously said in 1791: ...
Socio-Economics History Blog - http://socioecohistory.wordpress.com/

WORLD ECONOMY THIS WEEK…AGENDA (April 20–24, 2009) « JUAN CARLOS ...
By juancarlosnavanava
I INVITE YOU YO VISIT "MY OTHER BLOG" (SEE BELOW) WHILE I FIGURE OUT HOW TO UPDATE THE ANALYSIS ASPECT OF THIS ONE. YOU WILL ALSO FIND THERE A GOOD DEAL OF FEEDBACK BETWEEN "PHILOSOPHY AND ECONOMIC FORECASTS" (ACTUALLY THERE IS NO SEPARATING LINE) .... A world currency moves nearer after Tim Geithner's slip March 25, 2009. US Treasury Secretary Tim Geithner confessed on Wednesday that he had not read the plans by China's central bank governor for a "supersovereign reserve ...
JUAN CARLOS NAVA'S BLOG - http://juancarlosnavanava.com/

China pension fund eyes private equity | Stuff.co.nz
Chinese central bank governor Zhou Xiaochuan advocated last month that the U.S. dollar eventually should be replaced as the world's main reserve currency by the International Monetary Fund's Special Drawing Rights. Share this page ...
Stuff.co.nz - World - http://www.stuff.co.nz/

Stock Market Another Leg Down?
The Market Oracle - London,UK
The SDR currency value is calculated daily and the valuation basket is reviewed and adjusted every five years." The bottom line is this: Until we withdraw ...
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Grizzler's Seat at the Bar: World Currency and World Banking must ...
By Grizzler
So the KRUDD government, as part of the G20, is running about agreeing on a new financial system including the expansion of the IMF's SDRs. Let's not get too caught up in the silver bouncing ball of SDRs and world reserve currency and ...
Grizzler's Seat at the Bar - http://grizzlersseatatthebar.blogspot.com/

Bill Keller's Devotional Week In Review « A Different Kind of Blog
By kayms99
one-world religion. I also recently shared how billionaire George Soros was a type of who the anti-Christ would be like. The big story out the recent. G20 meetings was the push towards a one-world currency which of course will ...
A Different Kind of Blog - http://tothewire.wordpress.com/


OpEdNews » The Tower of Basel: Do We Really Want the Bank for ...
Ambrose Evans-Pritchard wrote that '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.' Indeed they will. Who will act as global banker? The Bank for International Settlements ... The statement echoed one made in the eighteenth century by the patriarch of what would become the most powerful banking dynasty in the world. Mayer Amschel Bauer Rothschild famously said in 1791: ...
OpEdNews - OpEdNews.Com Progressive,... - http://www.opednews.com/


The Goldsmiths—Part LXXI
Gold Seek - USA
Ultimately, this movement will help gold, hurt the dollar and delay the coming of a one-world, Rothschild Cabal currency. Back issues of the Goldsmiths, ...
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Disinfo.com - A 'Copper Standard' for the World's Currency System?
By ralph
Add to: submit 'A 'Copper Standard' for the World's Currency System?' to del · "The next industrial revolution is going to be led by hybrid cars, and that needs copper. You can see the subtle way that China is moving into 30 or 40 ...
Disinfo.com - http://www.disinfo.com/content/

The Tower of BIS Basel: Secretive Plans for the Issuing of a New ...
By dadrass
Diamond Rated - Best Financial Markets Analysis ArticleEllen 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 statement echoed an often-quoted one made by the German patriarch of what would become the most powerful banking dynasty in the world. Mayer Amschel Bauer Rothschild famously said in 1791: ...
Kill The Fed - http://www.killthefed.com/

Crisis delays launch of single GCC currency By Nadim Kawach It referred to comments by senior GCC officials at the end of March that the currency union, which could be the world's second after the EU, would not be physically introduced in 2010. It said this view was supported by comments from ... Financial - http://www.business24-7.ae/financial

The Tower of Basel: Secretive Plans for the Issuing of a Global ... By travellerev The article is subtitled, "The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity." Which naturally raises the question, who or what will serve as this global central ... Aotearoa: a wider perspective - http://aotearoaawiderperspective.wordpress.com/

Global Deflation and Currency Manipulation Boosts the U.S. Dollar ...
China has accumulated the world's largest foreign exchange reserves. At $1.9 trillion, it owns 29 percent of the world's reserve assets. China has accumulated the largest stake of U.S. government debt. ... This all points to one thing: An undervalued yuan. And as I said back in my March 21, Money and Markets column, I think it's well within the realm of possibility that if the Chinese are staring down the barrel of recession, they may take the opposite tack with their ...
The Market Oracle - http://www.marketoracle.co.uk/

The Tower of Basel: Secretive Plans for the Issuing of a Global ... By sakerfa "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. It is outside the control of any sovereign body. Conspiracy theorists will love it." ... The statement echoed an often-quoted one made by the German patriarch of what would become the most powerful banking dynasty in the world. Mayer Amschel Bauer Rothschild famously said in 1791: ... Dprogram.net - http://dprogram.net/

A New World…Why are some people so scared? | Arun's Mind By admin If that is the case, maybe we shouldn't talk to Germany and France anymore either because they want to stop using the US dollar as the world's currency. That is something that would hurt our country in a very significant way. ... Disagreeing is healthy, but turning people against one another for disagreeing is very destructive. I hope for the sake of our country that people put aside their differences and come together as a nation because the greatest source of weakness ... Arun's Mind - http://www.arunsmind.com/

Mark to Market Accounting « Baseball91's Weblog By baseball91 But money set aside without any appreciation that one day a power outage would come. Frozen assets. But food in the freezer goes bad at times of power outages. And maybe too much had been stored there in the first place. ... This statement comes on the heels of discussion at the G20 meeting of a new world currency. There is growing distrust of America and the politics involved in our currency. Last month in an essay published on the central bank's web site, ... Baseball91's Weblog - http://baseball91.wordpress.com/

One World, One Money (Without Endnotes)
Essentially, the requirement for a single global currency is a bank that has .... Morrison Bonpasse, President of the Single Global Currency Association ...

US Global Hegemony – The Beginning … And the End
Gold Seek - USA
Anyhow, the 1944 Bretton Woods agreement effectively made the US dollar the world's reserve currency. Until 1971 the dollar was pegged to gold, ...
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G-20: Round Two
IRC's Americas Program - Albuquerque,NM,USA
The SDR is the closest that the IMF has come to recognizing John Maynard Keynes' idea of a world currency. Subsequent use of the SDR has been restricted and ...
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MERCATO LIBERO NEWS: Secretive Plans for the Issuing of a Global ...
By ZioBarbero
The article is subtitled, "The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity." Which naturally raises the question, who or what will serve as this global central ... The statement echoed an often-quoted one made by the German patriarch of what would become the most powerful banking dynasty in the world. Mayer Amschel Bauer Rothschild famously said in 1791: "Allow me to issue and control a nation's ...
MERCATO LIBERO NEWS - http://mercatoliberonews.blogspot.com/


The Tower of Basel: Secretive Plans for the Issuing of a Global ...
By Paul Martin
Each RevolutionRadio Shirt will be available for approximately one month before being discontinued and replaced by a new design, so make sure to get this design before it's gone. ... The article is subtitled, "The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity." Which naturally raises the question, who or what will serve as this global central bank, cloaked with the power to issue the global currency ...
RevolutionRadio.org - http://revolutionradio.org/


Will the Dollar be Replaced as the World's Reserve Currency?
Examiner.com - USA
Indeed, China's central bank recently proposed making SDRs the world's reserve currency. Russia also backs making the SDR the world's reserve currency, ...
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TruthSeeker24's anti-N.W.O. corner: The G20 moves the world a step ...
By Timothy
The Russians had hoped their idea to develop SDRs as a full reserve currency to challenge the dollar would make its way on to the agenda, but at least they got a foot in the door. There is now a world currency in waiting. ...
TruthSeeker24's anti-NWO corner - http://truthseeker2473.blogspot.com/

kenny's sideshow: The Federal Reserve Debates Itself By kenny's sideshow "A global economy requires a global currency." "I fully support a single global currency." Vanderbilt University in Nashville held a financial research conference on April 18 with headliner and ex-Fed chairman and current Obama advisor ... kenny's sideshow - http://kennysideshow.blogspot.com/

Britannia Radio: COVER: "GET READY FOR A WORLD CURRENCY" AND Dr ... By Britannia Radio The law of one price (that a good should cost the same everywhere, once prices are converted into a single currency) will increasingly assert itself. Politicians permitting, national economies will follow their financial markets ..... The death of the American dollar as the world gravitates toward a global currency. Middle East thread with a review of former President Jimmy Carter's new book to see what impact this line of thought will have on efforts to restart a peace ... Britannia Radio - http://britanniaradio.blogspot.com/

Banks Must Brace For Huge New Losses « Pak Alert Press By pakalert The biggest single factor behind a home foreclosure is job loss with discontinued income. The second biggest factor is unexpected medical expenses, which extends to other family members like parents. RealtyTrac just reported today that .... The global economy is built on an illusion currency that is evaporating before our very eyes. This book is an autopsy of the current worldwide systems and begins with financial history, discusses the current great deflationary credit ... Pak Alert Press - http://pakalert.wordpress.com/

What Do The Globalists Want? « Foundingfather1776
By foundingfather1776
A World Currency, A World Government, and a World Army. Now….ask yourself, "Why do they want this?" The answer of course is: for power and control. Now, let's go one step further and ask, "power and control FOR WHAT? ...
Foundingfather1776 - http://foundingfather1776.wordpress.com/


The World's Future | My Loans Consolidated
By Elisheva Wiriaatmadja
Morris Cerullo, a minister and evangelist, believes that the financial shake up will lead to the fulfillment of a well-known prophecy in the Books of Revelation chapter 13 — the creation of a one world currency under a one world ...
My Loans Consolidated - http://www.myloansconsolidated.com/


Britannia Radio
By Britannia Radio
"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 ...... regarding the Obama Administration, and says that Israel will be in for a rocky time with the goals and ambitions of the elites who want to see a very weak Israel, in order to promote a new world order and one world government. ...
Britannia Radio - http://britanniaradio.blogspot.com/


One world, one currency
The Current - St. Louis,MO,USA
... have an opinion on it either way, but after learning more on this subject, I think that having a single global currency is a great idea, in theory. ...
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The Tower of Basel: Secretive Plans for the Issuing of a Global ...
They already control each and every one of us. Breaking free from that control is all that's left. In an April 7 article in The London Telegraph titled "The G20 Moves the World a Step Closer to a Global Currency," Ambrose ...
Latest Activity on 12.160Mhz - http://snardfarker.ning.com/

Iran proposes single Asian currency
Tehran Times - Iran
The Boao Forum for Asia (BFA) Annual Conference 2009 officially opened on Saturday, focusing on the cooperation of Asian countries amid the global financial ...
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On Market Intervention | Stock Market Bay
By admin
The ONLY reason the US dollar is the 'world currency' is because it is EXTORTION AGAINST THE WORLD! N E 1 who refuses 2 use it is bombed back into the stone age - like Iraq. That is the 'gold' backing up the himey notes (dollars). Once U get this straight, U will understand better that that ... no one created this crisis intentionally. it was created out of ignorance because of the large scale government interventionism and particularly the actions of the federal reserve. ...
Stock Market Bay - http://www.stockmarketbay.com/

Single currency to have positive impact on GCC: UAE
Arab Times - Kuwait
"The UAE, a strong advocate of the single currency system, has stated willingness to host the seat of the planned GCC central bank," Sheikh Mohammad said in ...
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The Tower of Basel: Secretive Plans for the Issuing of a Global ... By The Voice "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 ... The statement echoed an often-quoted one made by the German patriarch of what would become the most powerful banking dynasty in the world. Mayer Amschel Bauer Rothschild famously said in 1791: ... From The Wilderness - http://fromthewilderness.wordpress.com/

The Truth Will Set You Free: B.I.S: The Nascent Global Central Bank By Infensus Mentis Of the two the one in the rear is my greatest foe." He also noted that, "The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of government and the buying power of consumers. ... The article is subtitled, "The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity." Which naturally raises the question, who or what will serve as this global central ... The Truth Will Set You Free - http://wakeupfromyourslumber.blogspot.com/

Randy and Paula White's Without Walls Stunning Reversal of Fortune ... By endtimespropheticwords Some of the athletes were so moved by the Whites' message of prosperity through faith that they donated hundreds of thousands of dollars — one former player even donated a World Series ring — and showered the couple with lavish gifts, ..... New World Order (123), News (436), Nicholas Sarkozy (2), Nicky Gumbel (1), Nonnie McVeigh (1), Norman Vincent Peale (2), Numerology (3), O L Jaggers (1), Ole Anthony (2), One World Currency (3), One World Government (2), One World ... End Times Prophetic, Prophecy,... - http://endtimespropheticwords.wordpress.com/

News Kontent: The Real Implications Of China's Currency Policy By kevin While Michele Bachmann and the like were up in arms after Zhou Xiaochuan, Governor of the People's Bank of China (PBoC), suggested that SDRs could potentially function as a new global reserve currency, this particular story appears to have garnered ... A ship should not ride on a single anchor, nor life on a single hope. Fortify thyself with contentment: that is an impregnable stronghold. If you desire great things, do not attempt to lay hold of them with little effort; ... News Kontent - http://news.kontentkonsult.com/

The Only Western Country Where the Banks are Profitable :: The ... How about if I told you that even in this time of sweeping global financial crisis - a time when banks on both sides of the Atlantic gorged themselves on leverage to the point of bursting like the fat guy in the Monty Python skit - there .... It should be pointed out that trading in a currency and investing in a currency are two different things... while timing is critical on the trading side, with a long-term investment it's easier to take a bigger-picture perspective. ... The Market Oracle - http://www.marketoracle.co.uk/

The Rupture of the International Currency System is Confirmed ... By eldib Behind "set of easily deceived" Londoner, where each one claimed to believe that an "historical" international collaboration (5) was in action, one in fact notes a deep division of G20: the Americans and the British (followed by flexible .... (3) The message on the necessary change of international currency of reference that Beijing addressed to the whole world, and with the American authorities in particular, the day before the top of G20 of London was absolutely not a ... Les dessous de l'information... - http://eldib.wordpress.com/

Signs of the Times News for Sat, 18 Apr 2009 The statement echoed an often-quoted one made by the German patriarch of what would become the most powerful banking dynasty in the world. Mayer Amschel Bauer Rothschild famously said in 1791: .... Was the goal to create so much economic havoc that the world would rush with relief into the waiting arms of the BIS with its privately-created global currency? The plot thickens . . . . Notes 1. Andrew Marshall, "The Financial New World Order: Towards a Global Currency and ... Signs of the Times - http://www.sott.net/

The Tower of BIS Basel: Secretive Plans for the Issuing of a New ... 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 ... The statement echoed an often-quoted one made by the German patriarch of what would become the most powerful banking dynasty in the world. Mayer Amschel Bauer Rothschild famously said in 1791: ... The Market Oracle - http://www.marketoracle.co.uk/

Global Fusion: The G20, IMF, and World Government ... stunning proposal made by China, Russia, a UN panel, and others — and tacitly endorsed by U.S. Treasury Secretary Timothy Geithner — to replace the dollar as the world's reserve currency with the IMF's Special Drawing Rights (SDRs). ... Liberty News online - http://www.libertynewsonline.com/

Global Fusion: The G20, IMF, and World Government
In the week prior to the London summit, when Zhou Xiaochuan, the governor of Communist China's central bank, and Nursultan Nazarbayev, the communist dictator of Kazakhstan, both called for a global currency and a global central bank .... In a 1992 essay for Time magazine entitled "The Birth of the Global Nation," Talbott rhapsodized over a future he saw materializing in which "nationhood as we know it will be obsolete; all states will recognize a single, global authority. ...
Liberty News online - http://www.libertynewsonline.com/

China seeks oversight of reserve currency issuers
MarketWatch - USA
Wen said China would seek to expand currency swap agreements that are seen as a step toward eventually making the yuan more of a global reserve asset. ...
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Towards a New International Monetary and Financial Architecture
Mainstream - New Delhi,New Delhi,India
It will be able to issue SDRs again on a sizeable scale, which can be seen as a move towards the creation of an international reserve currency. ...
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US Global Hegemony - The Beginning and the End
Midas Letter - Portland,OR,USA
Equally importantly, the majority of global transactions were now executed in US dollars, yielding dramatic increases in dollar currency reserves for all ...
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Secretive Plans for the Issuing of a Global Currency « Pak Alert Press
By pakalert
"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 ...
Pak Alert Press - http://pakalert.wordpress.com/

Center for Research on Globalization

The Tower of Basel: Secretive Plans for the Issuing of a Global ...
Center for Research on Globalization - Montreal,Quebec,Canada
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. ...
See all stories on this topic

The "End the Fed" Protests are the (Secret) Road to World ...
By truth11
... the Fed in order to ultimately destroy it, leaving the perception of a void in the financial world, wherein they will fill that void with THEIR choice of a new banking and money system: global currency, global bank, global governance/ government. .... All this comes about through problem-reaction-solution, and we are currently living right in the middle the largest problem-reaction-solution operation ever: the one that is meant to set up the New World Order. ...
Truth11 - http://truth11.wordpress.com/

Precious Metals vs. a One-World Currency
By Silver Prices
In this mornings mail bag we have this article sent to us from the silver-investor himself, David Morgan, which focuses on the precious metals sector as compared with the possibility of a One world Currency, which we hope you will find ...
Silver Prices - http://www.silver-prices.net/

Euro Outlook Uncertain Thanks to ECB... - Forex Trading, Currency ...
The week has been interesting for global markets and at the moment there is an element of hope floating around, giving trader's confidence enough to go long in stocks and equities and short on the gold, as it starts to lose its lucrative status as an ... The ECB holds the future of the single currency and if Mr. Trichet fails to convince us the bank is united on its decisions concerning the future, then the European currency will continue to feel traders' wrath. ...
Forex Fundamental Analysis Reports... - http://www.actionforex.com/

I Believe I Know What Martin Armstrong's Model Is Trying To Tell ...
There is now a world currency in waiting. In time, SDRs are likely evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China. Beijing's moves this week to offer $95bn in yuan currency swaps ...
Bears Chat at The Wall Street Examiner - http://forums.wallstreetexaminer.com/index.php
US Will Block China Reserves Plan, Former IMF Economists Say
Bloomberg - USA
US President Barack Obama said at a March 24 press conference the dollar is "extraordinarily strong," and he saw no need for a new global currency. ...
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'Waning interest' threatens monetary union
By Nadim Kawach
"It has been argued that the global financial crisis and ensuing recession should increase the urgency of introducing the single currency. We don't think this is the case. Since the crisis began, countries across the GCC have taken ...
Financial - http://www.business24-7.ae/financial

News Kontent: America: a superpower no more ~ CSM
By kevin
Then China, America's largest creditor, called for a new global currency to replace the dollar just weeks after it demanded Washington guarantee the safety of Beijing's nearly $1 trillion debt holdings. ... advantage of fire-sale prices to lock up global supplies of oil, minerals, and other strategic resources for their economy. That amounts to a major economic conquest – without using a single soldier. By contrast, American efforts to secure oil have looked clumsy. ...
News Kontent - http://news.kontentkonsult.com/

Where Next For The Dollar?
Yesterday I wrote a users guide for those interested in (but slightly unsure of) the prospect of the US Dollar being replaced as the world's reserve currency (What Is A Reserve Currency?). Today's article in a bit easier on the eye; I'll have a look .... Interestingly, there's no confirmed trend from the ADX on this one, but the 21-day MAV supports a move higher. Then, somewhere in the middle is the Euro, clinging to the $1.30 level and on hold ahead of May's ECB meeting. ...
: iStockAnalyst.com Symbols Feed - http://www.istockanalyst.com/

Pentagons Chief's Subtle Warning on China | Danger Room from Wired.com
By Noah Shachtman
Freedom Lover is just another example of these "one-world" sissys that thinks the rest of globe is on equal footing with America. We should never apologize for our power and if you think there aren't elements out there plotting our destruction, ... Nukes? I suppose that is one way to get rid of $1t of US debt held by the Chinese... Still, when Wen Jaio Bao subtly commented not so long ago that he hoped the US would stand behind its own currency, The Street flinched. ...
Wired: Danger Room - http://blog.wired.com/defense/

Signs of the Times News for Fri, 17 Apr 2009
By Signs of the Times
In Northern Ireland and Scotland, where to this day commercial banks are allowed to print their own money, they must have one Bank of England note in reserve for every note of their own that they issue. 1946 brought the "nationalisation" of the Bank. At the end of WWII, ... Their aim is to destroy the last vestiges of British sovereignty; for a hyper-inflated and hyper-devalued Sterling to be replaced by a single, global, currency, under a single world fascist government. ...
Signs of the Times - http://www.sott.net/

The U.S. asks Dominican Republic to help Haiti - DominicanToday.com
I wonder what the difference will be when the One World Currency gets on the way since many nations are calling for it already. Maybe we find out that the Dollar and Dominican Peso is worth the same who knows. ...
DominicanToday.com - http://www.dominicantoday.com/dr/forum/living-in-the-dr/entertainment-and-sports/651/Business-Directory

The Real Implications Of China's Currency Policy « Shadow Bankers
By erdosfan
... of the People's Bank of China (PBoC), suggested that SDRs could potentially function as a new global reserve currency, this particular story appears to have garnered little attention from those paranoid of a "one world currency". ...
Shadow Bankers - http://shadowbankers.wordpress.com/


A global 'super currency' to replace the buck? No, but . . .
Los Angeles Times - CA,USA
Unfortunately for the Chinese, it would be no snap to create a new global super currency, even if everyone thought it was a good idea. ...
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Investing Implications from the G20 Summit - Morningstar - Specialists
This gesture, along with Chinese Central Bank governor Zhou Xiaochuan's comments about changing the world's global currency from the dollar to Special Drawing Rights (SDRs), demonstrates China's plans on being more vocal going forward. ...
Morningstar Articles - http://www.morningstar.com/?pgid=rss

The IMF's special drawing rights (SDRs)
Bretton Woods Update - London,England,UK
Countries can exchange SDRs for hard currency at the IMF. The SDR also serves as the unit of account of the IMF and some other international organisations. ...
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Precious Metals vs. a One-World Currency
SilverSeek.com - Littleton,CO,USA
I wrote about something similar happening many times and one currency that I spoke about years ago was the golden yuan (renminbi). ...
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Signs of the Times News for Thu, 16 Apr 2009
Zhou Xiaochuan, the central bank governor, piqued the interest of metal buffs last month by calling for a world currency modelled on the "Bancor", floated by John Maynard Keynes at Bretton Woods in 1944. ... The beauty of recycling China's surplus into metals instead of US bonds is that it kills so many birds with one stone: it stops the yuan rising, without provoking complaints of currency manipulation by Washington; metals are easily stored in warehouses, unlike oil; ...
Signs of the Times - http://www.sott.net/

Trade minister not worried about weak pound | Euro News 24
China's central bank governor, Zhou Xiaochuan, last month called for the U.S. dollar eventually to be replaced as the world's main reserve currency by the IMF's Special Drawing Right (SDR), and for the SDR's basket of currencies to ...
Euro News 24 - News - http://www.euronews24.org/

Hot Air » Blog Archive » TARP did nothing to loosen credit
By tips@hotair.com (Hot Air Network, LLC)
Then they implement a new world currency, just a Soros is openly suggesting, tie all national currencies to that, then eventually conglomerate everyone into one defacto world currency. Then we are ruled by the cartel, ...
Hot Air » Top Picks - http://www.hotair.com/

World's Thoughts On One World Currency- 16/April/2009

Habla Economese? - Feministing By Courtney The whole show they did in february devoted to this topic was dumbed down to the extreme, but it was great, because they explained every single term you only sort of knew the meaning to. It's impossible to listen to this .... While having a global reserve currency standard hardly solves all the problems of global currency stability, it does do a damn sight better than the gold standard. That said, the gold standard is not all that Mises promoted. Of course, considering he ... Feministing - http://www.feministing.com/

Where Is the Global Economy Heading? - Economix Blog - NYTimes.com By By Simon Johnson Consider that the US ceased publishing the M3, in 2006, to hide how many dollars are being printed and delivered to the world economy, but now countries are diversifying away from the dollar as reserve currency. .... There is a strong coherence in nature functioning stating that any single problem can accept or admit many sorts of solutions with variable results. Lost and Found department works pretty well on many places returning lost objects because they were not ... Economix - http://economix.blogs.nytimes.com/

Sdr Currency - Sdr Imf ?! - Finance Blog By aslanbash A country participating in this system is necessary, the official reserves of the government or central bank holdings of gold and currencies widely accepted, which could be used to purchase the national currency in the world, ... Finance Blog - http://finance.varolmak.com/

SDRs - a new world reserve currency? MoneyWeek - London,UK The US dollar is currently the world's reserve currency, ie, it's held by many governments as part of their foreign-exchange reserves. ... See all stories on this topic

implode-explode.com - Implosion News Pick-ups: A 'Copper Standard ... A 'Copper Standard' for the world's currency system? (telegraph.co.uk). Search IEHI news archive: Enter your search terms. Web, IEHI. Submit search form. 2009-04-16. The beauty of recycling China's surplus into metals instead of US bonds is that it kills so many birds with one stone: it stops the yuan rising, without provoking complaints of currency manipulation by Washington; metals are easily stored in warehouses, unlike oil; the holdings are likely to rise in value ... Implode-Explode Heavy Industries... - http://implode-explode.com/

Where Do U.S. Dollar ETFs Go From Here? | ETF Trends By Tom Lydon The United Nations believes that in order for the world's economy to stabilize, the world should move to a collection of currency, rather than one. Overall, here are some comments about the health of the U.S. dollar: ... ETF Trends - http://www.etftrends.com/

What Is A Reserve Currency? | Daily Markets By FT The topic of replacing the US Dollar as the world's reserve currency crops up more often than the debate on who's going to manage Chelsea. So why not grab a. ... For a long time the Euro was muted as the king-in-waiting, but with the global recession exposing the extreme difference in fortunes across Europe that one's gone a bit quiet. Forex cartoon. Not quite a global reserve currency, but the Gulf States have had their own petro-currency on the drawing board for years. ... Daily Markets - http://www.dailymarkets.com/

About this author: Seeking Alpha - New York,NY,USA The best way for the world to secure monetary stability is to move to a Single Global Currency, managed by a Global Central Bank within a Global Monetary ... See all stories on this topic

The US doesn't name China a currency manipulator RGE Monitor - New York,NY,USA China's exports to world and US imports from China are both falling. Chinese reserve growth — read the amount of dollars China has to buy to keep its ... See all stories on this topic

Spot o' tea guardian.co.uk - UK ... one GOP congressman from Alabama allege that he knows of 17 socialists in Congress; a congresswoman saying Obama wants a one-world currency, ... See all stories on this topic

TheStockAdvisors.com - Ormat (ORA): Invest in geothermal power By Steven Halpern "We continue to recommend the PowerShares DB U.S. $ Index (NYSE: UUP)," says Jack Crooks. In World Currency Alert he explains why the US dollar will stay the world's main currency. ... TheStockAdvisor - http://www.thestockadvisors.com/

China reduced its dollar holdings in February RGE Monitor - New York,NY,USA The rise in the fall corresponds with the expansion of the Fed's swap lines in the fall, as the world's central banks cooperated to provide a "global" ... See all stories on this topic

DailyKenn.com By Endiana.com Someday there will be one, universal currency. It will require a central bank. There will be a chairman of that bank. And that person will control the world. — Kenn Gividen. Do I believe in a flat income tax? Absolutely. ... endiana.com - http://endiana.blogspot.com/

Boffy's Blog: Imperialism, Industrialisation, Trade and Sub ... By Arthur Bough The IMF's, SDR's, which were supposed to become world currency or 'paper gold' are a total failure. Hence the increase in the price of real gold. Changes in the Vehicle of Imperialism Alongside changes in the structure of the orld ... Boffy's Blog - http://boffyblog.blogspot.com/

Global Markets and Foreign Policy » Blog Archive » Paul Krugman's ... By Josh Hopkins The World Affairs Blog Network ... Hence Mr. Zhou's proposal to move to a new reserve currency along the lines of the S.D.R.'s, or special drawing rights, in which the International Monetary Fund keeps its accounts. ... Global Markets and Foreign Policy - http://globaleconomy.foreignpolicyblogs.com/

The Financial New World Order: Towards a Global Currency and World ... By Terry Melanson The article continued in stating that, "There is now a world currency in waiting. In time, SDRs are likely to evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China. ... Illuminati Conspiracy Archive Blog - http://www.conspiracyarchive.com/Blog/

The Financial Crisis: The United States And Europe After The Storm ... By Council on Foreign Relations If you are the reserve currency for the world, and you are not linked to anything that is, let's say, objective, there is the dilemma between preserving the value of the reserve currency for the world, and somehow satisfying your national economic ... the imaginary currency of Keynes, but should we use the SDR? Should we amend the charter of the IMF in order to allow not only the U.S. and Japan as the main shareholders, but also the others to have their share of the SDRs? ... CFR.org - Democracy and Human Rights - http://www.cfr.org/

Paddy Power Trader | What Is A Reserve Currency? | Spread Betting Blog By FT The topic of replacing the US Dollar as the world's reserve currency crops up more often than the debate on who's going to manage Chelsea. So why not grab a coffee and join me in getting to grips with reserve currencies, SDRs and the ... Paddy Power Trader Spread Betting Blog - http://www.paddypowertrader.com/blog/

 

Reform the International Monetary System

Zhou Xiaochuan - Chairman, Monetary Policy Committee of the People's Bank of China

 

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.

 

Theoretically, an international reserve currency should first be anchored to a stable benchmark and issued according to a clear set of rules, therefore to ensure orderly supply; second, its supply should be flexible enough to allow timely adjustment according to the changing demand; third, such adjustments should be disconnected from economic conditions and sovereign interests of any single country. The acceptance of credit-based national currencies as major international reserve currencies, as is the case in the current system, is a rare special case in history. The crisis again calls for creative reform of the existing international monetary system towards an international reserve currency with a stable value, rule-based issuance and manageable supply, so as to achieve the objective of safeguarding global economic and financial stability.

 

I. The outbreak of the crisis and its spillover to the entire world reflect the inherent vulnerabilities and systemic risks in the existing international monetary system.

 

Issuing countries of reserve currencies are constantly confronted with the dilemma between achieving their domestic monetary policy goals and meeting other countries' demand for reserve currencies. On the one hand,the monetary authorities cannot simply focus on domestic goals without carrying out their international responsibilities��on the other hand,they cannot pursue different domestic and international objectives at the same time. They may either fail to adequately meet the demand of a growing global economy for liquidity as they try to ease inflation pressures at home, or create excess liquidity in the global markets by overly stimulating domestic demand. The Triffin Dilemma, i.e., the issuing countries of reserve currencies cannot maintain the value of the reserve currencies while providing liquidity to the world, still exists.

 

When a national currency is used in pricing primary commodities, trade settlements and is adopted as a reserve currency globally, efforts of the monetary authority issuing such a currency to address its economic imbalances by adjusting exchange rate would be made in vain, as its currency serves as a benchmark for many other currencies. While benefiting from a widely accepted reserve currency, the globalization also suffers from the flaws of such a system. The frequency and increasing intensity of financial crises following the collapse of the Bretton Woods system suggests the costs of such a system to the world may have exceeded its benefits. The price is becoming increasingly higher, not only for the users, but also for the issuers of the reserve currencies. Although crisis may not necessarily be an intended result of the issuing authorities, it is an inevitable outcome of the institutional flaws.

 

II. The desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies.

 

1. Though the super-sovereign reserve currency has long since been proposed, yet no substantive progress has been achieved to date. Back in the 1940s, Keynes had already proposed to introduce an international currency unit named "Bancor", based on the value of 30 representative commodities. Unfortunately, the proposal was not accepted. The collapse of the Bretton Woods system, which was based on the White approach, indicates that the Keynesian approach may have been more farsighted. The IMF also created the SDR in 1969, when the defects of the Bretton     Woods system initially emerged, to mitigate the inherent risks sovereign reserve currencies caused. Yet, the role of the SDR has not been put into full play due to limitations on its allocation and the scope of its uses. However, it serves as the light in the tunnel for the reform of the international monetary system.

 

2. A super-sovereign reserve currency not only eliminates the inherent risks of credit-based sovereign currency, but also makes it possible to manage global liquidity. A super-sovereign reserve currency managed by a global institution could be used to both create and control the global liquidity. And when a country's currency is no longer used as the yardstick for global trade and as the benchmark for other currencies, the exchange rate policy of the country would be far more effective in adjusting economic imbalances. This will significantly reduce the risks of a future crisis and enhance crisis management capability.

 

III. The reform should be guided by a grand vision and begin with specific deliverables. It should be a gradual process that yields win-win results for all

 

The reestablishment of a new and widely accepted reserve currency with a stable valuation benchmark may take a long time. The creation of an international currency unit, based on the Keynesian proposal, is a bold initiative that requires extraordinary political vision and courage. In the short run, the international community, particularly the IMF, should at least recognize and face up to the risks resulting from the existing system, conduct regular monitoring and assessment and issue timely early warnings.

 

Special consideration should be given to giving the SDR a greater role. The SDR has the features and potential to act as a super-sovereign reserve currency. Moreover, an increase in SDR allocation would help the Fund address its resources problem and the difficulties in the voice and representation reform. Therefore, efforts should be made to push forward a SDR allocation. This will require political cooperation among member countries. Specifically, the Fourth Amendment to the Articles of Agreement and relevant resolution on SDR allocation proposed in 1997 should be approved as soon as possible so that members joined the Fund after 1981 could also share the benefits of the SDR. On the basis of this, considerations could be given to further increase SDR allocation.

 

The scope of using the SDR should be broadened, so as to enable it to fully satisfy the member countries' demand for a reserve currency.

 

Set up a settlement system between the SDR and other currencies. Therefore, the SDR, which is now only used between governments and international institutions, could become a widely accepted means of payment in international trade and financial transactions.

Actively promote the use of the SDR in international trade, commodities pricing, investment and corporate book-keeping. This will help enhance the role of the SDR, and will effectively reduce the fluctuation of prices of assets denominated in national currencies and related risks.

Create financial assets denominated in the SDR to increase its appeal. The introduction of SDR-denominated securities, which is being studied by the IMF, will be a good start.

Further improve the valuation and allocation of the SDR. The basket of currencies forming the basis for SDR valuation should be expanded to include currencies of all major economies, and the GDP may also be included as a weight. The allocation of the SDR can be shifted from a purely calculation-based system to a system backed by real assets, such as a reserve pool, to further boost market confidence in its value.

 

IV. Entrusting part of the member countries' reserve to the centralized management of the IMF will not only enhance the international community's ability to address the crisis and maintain the stability of the international monetary and financial system, but also significantly strengthen the role of the SDR.

 

1. Compared with separate management of reserves by individual countries, the centralized management of part of the global reserve by a trustworthy international institution with a reasonable return to encourage participation will be more effective in deterring speculation and stabilizing financial markets. The participating countries can also save some reserve for domestic development and economic growth. With its universal membership, its unique mandate of maintaining monetary and financial stability, and as an international "supervisor" on the macroeconomic policies of its member countries, the IMF, equipped with its expertise, is endowed with a natural advantage to act as the manager of its member countries' reserves.

 

2. The centralized management of its member countries' reserves by the Fund will be an effective measure to promote a greater role of the SDR as a reserve currency. To achieve this, the IMF can set up an open-ended SDR-denominated fund based on the market practice, allowing subscription and redemption in the existing reserve currencies by various investors as desired. This arrangement will not only promote the development of SDR-denominated assets, but will also partially allow management of the liquidity in the form of the existing reserve currencies. It can even lay a foundation for increasing SDR allocation to gradually replace existing reserve currencies with the SDR.