One World Currency


There is lot of discussion going on across the world on Single Global Currency or One World Currency. here in this blog we attempts to summarise World's thoughts on this. 

“There are serious concerns about how the unwinding of global financial imbalances might affect the external financing conditions in which emerging market economies operate.” Louis Kasekende, African Development Bank

 “It is only when we find ourselves in a real systemic crisis that we tend to move towards global solutions. This implies that the longer the global imbalances continue in a benign way, the more complacent we are likely to be.” Brian Kahn, South African Reserve Bank

“Perhaps the most important message of these earlier thinkers is that policymakers should try to avoid the build-up of dangerous economic imbalances in the first place.” William White, Bank for International Settlements

“The IMF should assume a central role in the resolution of global imbalances.” Ariel Buira, G-24 and Martín Abeles, CEFID-Argentina

“The need for the power to change the availability of liquidity at the global level has been increasingly evident throughout the post-Bretton Woods era as crisis after crisis has underscored the inadequacy of the current institutional framework.” Jane D’Arista, Financial Markets Center


Acmetal
Here is the proposed name for a universal world currency advocated by the president of Kazakhstan.

Kazakh President Nursultan Nazarbayev recently called for the introduction of a new global currency – the “acmetal” – to counter the financial crisis. 
Agence France-Press reported:

“In our view, we must create a single world currency under the aegis of the United Nations,” Mr. Nazarbayev said … “We must make a transition to an absolutely new global currency system based on legitimacy and, in view of all countries, one single monetary system.”

The A.P. said:

Nazarbayev’s proposal has raised eyebrows in some quarters, but the idea was embraced Wednesday by Robert Mundell, who won the Nobel prize for economics in 1999 for helping lay the theoretical groundwork for Europe’s single currency. “It would be a very good idea if the G-20 took that idea up in London,” Mundell said.

Acmetal, or Akmetal as some report it, is a portmanteau of the Greek word “acme” – the highest point or zenith – and “capital.” Boldly, President Nazarbayev suggested that the term capitalism might, in time, be replaced with “acmetalism.”

World's thoughts on One World Currency : 16/April/2009

ONE WORLD, ONE MONEY?
By Solve et Coagula

ONE WORLD
, ONE MONEY? Creation of the euro, among other developments, has increasingly focused attention on the question of fixed exchange rates versus flexible exchange rates. Even in Canada, seminars and conferences have been held ... Every currency crisis has been connected with pegged rates. That was true most recently for the Mexican and East Asian crisis, before that for the 1992 and 1993 common market crises. By contrast, no country with a flexible rate has ever ...

able2know - New Topics - http://able2know.org/newtopics/

News Kontent: A 'Copper Standard' for the world's currency system?
By kevin

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 ...

News Kontent - http://news.kontentkonsult.com/
OpEdNews » With cool poise Obama delivers dagger to American people
They want to crash it and the dollar so they can introduce the amero as the currency of the U.S., Canada & Mexico.. THen once the NAU is established, the amero will then be traded in for the new one world currency. ...

OpEdNews - OpEdNews.Com Progressive,... - http://www.opednews.com/

Greatest Economic Disaster in Recorded History
By dr@dailyreckoning.com.au (The Daily Reckoning)

In fact, when I wrote last year that the dollar would cease to be the world's reserve currency much faster than anyone expects, I'm sure no one took me seriously. But since then, we've heard two of the world's leading powers - China and ...

The Daily Reckoning Australia - http://www.dailyreckoning.com.au/

Ohaiyo Business Magazine » More Bad News for the Trade Bubble
The U.S., utilizing its privileged position as the world currency, has one get out jail free card, which it is playing now. This crisis is more like to end the way that Brad says above--a retreat from the globalization of the financial ...

Ohaiyo Business Magazine - http://ohaiyo-business-travel.com/

Obama's New World Order - 911truth.ch - News - 911truth.ch ...
Trying will "collapse the currency's exchange rate," divert huge amounts of revenue and property to creditors, and produce "a new kind of post-capitalist (unjust, unsustainable) non-production/consumpton economy" too gruesome to imagine or tolerate. Iceland's financial crisis is the result of .... In her latest quarterly review, she predicts that "Obama will do more to help bankers achieve centralized control and one world government than any (previous) US politician. ...

911truth.ch ::::: The 9/11 Truth... - http://www.911truth.ch/

Gotta Snake by the Tail | American Conservative Daily
By David L Lamon

No matter how you slice it, the dollar's demise could be just around the corner and a new worldwide currency take shape, which is I believe the intended purpose by the globalist or New World Order or One-World Government, whichever you ...

American Conservative Daily - http://www.americanconservativedaily.com/

Ask Experience Project: Should we have a World Government. Erase ...
Open Question. Should we have a World Government. Erase the borders.? Imagine, there are no borders. We all share one currency. There is no one allowed to start war...cause we all own everything. We live, we share it all. ...

Latest Questions at Experience Project - http://www.experienceproject.com/question-answer.php
Connecting the Dots in the New World Order: The Bank of England ...
By DotConnector

It was always a monetary financial empire, as much a parasite on the people of Great Britain as the rest of the world. The idea of the Victorian's British Empire bringing civilisation to the darkest parts of the world is one that needs real reconsideration by many ... 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. ...

Connecting the Dots in the New... - http://dotconnectoruk.blogspot.com/

A rather impressive list of videogame currency | GamesRadar
The interest rate of Bison's currency being lower than that of the rest of the world, domestic assets will be sold in favour of foreign ones, and the real exchange rate will fall, causing the Bison Buck to depreciate in value, ...

GamesRadar - Xbox 360 Features - http://www.gamesradar.com/xbox360/features

Meet the new masters. | The Economic Populist
By commongood

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 Bancor was to be anchored on 30 ... One thing is clear: Beijing suspects that the US Federal Reserve is engineering a covert default on America's debt by printing money. Premier Wen Jiabao issued a blunt warning last month that China was tiring of US bonds. ...

The Economic Populist - Speak... - http://www.economicpopulist.org/

G20 leaders seal $1tn global deal (BBC) « A Different Kind of Blog
By Enkill_Eridos

The IMF has been one of the biggest beneficiaries of the G20 summit. The resources it has to help troubled economies will be increased to $500bn. An overdraft facility will also be increased to $250bn (in the IMF's currency, .... To the people that think we need to be insulated from the rest of the world and any way of trying to work with other countries to get us as human beings through this Global Crisis is trying to set up a One World Government I have a sentence that ...

A Different Kind of Blog - http://tothewire.wordpress.com/
New World Order University Forum » Obama's foreign policy
By Director

If President Obama is going to make peace with China and Russia, one would expect him to embrace a new global currency, make nice with Iran, stop threatening NATO expansion, and withdraw troops from around the world and close bases. ...

New World Order University Forum - http://newworldorderuniversity.com/ 
Semi-Annual Report to Congress on International Economic and ...
NewsBlaze - Folsom,CA,USA

Many economies still maintain fixed exchange rate regimes, either to a single currency or a basket of currencies. Nevertheless, there has been considerable ...

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Global Fusion: The G20, IMF, and World Government
The New American - USA

rightfully took Secretary Geithner to task for being deceptive about his true intentions concerning China'sglobal currency proposal. Rep. ...

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Global crisis seen spurring Gulf Islamic finance
Reuters - USA

He said setting up a Gulf Arab central bank as part of plans to establish a regional monetary union and single currency could help the Islamic finance ...

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New global currency. Who wants it and why?
Národná Obroda - Slovakia

What advantages and disadvantages would the creating of the new, global currency have? Is the US opposing the idea only because it would lose it's ...

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A 'Copper Standard' for the world's currency system?
Telegraph.co.uk - United Kingdom

Zhou Xiaochuan, the central bank governor, piqued the interest of metal buffs last month by calling for a world currency modelled on the "Bancor", ...

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Argentina, Chile, Peru: Latin America Bond and Currency Preview
Bloomberg - USA

Chile, the world's biggest copper supplier, said last month the value of its exports of the metal declined 58 percent to $1.28 billion in February from the ...

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Obama Creating One World Government Pronounces Pastor Craig X Rubin
Send2Press (press release) - Torrance,CA,USA

Rubin considers the recent G20 move allowing the IMF to create money is the world currency and beginning of global government spoken of in the Bible. ...

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The Goldsmiths—Part LXVIII
Gold Seek - USA

Once this catastrophic war is out of the way, we will be ready for world government and a one world currency to be used by the man on the street. ...

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The use of currencies internationally
華富財經 - Hong Kong

In such a "tri-polar" world – as some may term it – it is perhaps desirable in the long term to have an internationalcurrency system that reflects the ...

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 LESSER: sdrs draw down on dollar?

Washington Times - Washington,DC,USA
Mr. Zhou, in short, called for replacing the dollar as the world's reserve currency with the International Monetary Fund's Special Drawing Rights (sdrs), ...

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UN economic summit to discuss currency reserves
Reuters - USA

"There is the whole problem of the creation of special drawing rights (SDRs) and perhaps doing away with the dollar as the currency for international ...

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HK's Yam says wider int'l reserve curren
Life Style Extra - UK

...
 world's main reserve currency by the IMF's Special Drawing Right, and for the SDR's basket of currencies to include currencies of all major economies. ...

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IMF's SDRs as New World Currency

sdrs - a new world reserve currency?

MoneyWeek - 6 hours ago

China isn't waiting for sdrs to become the new dollar. Right now its currency – the yuan, also known as the renminbi – is tightly controlled and not freely ...

 

Can IMF currency replace the dollar?

Times of India - Apr 4, 2009

So, SDRs are anchored in four existing currencies, and do not constitute an independent new currency. Nor will major powers allow the IMF to create a new ...

 

Hostage to the Dollar

Asia Sentinel -2 hours ago

... Monetary Fund units of account, Sor pecial Drawing Rights (SDR) and a big new issue of SDRs. It has also begun to prepare the ground for its currency, ...

 

World Wad: What would a new global reserve currency look like?

The Big Money -Apr 6, 2009

(This role earned the SDR the nickname "paper gold.") Zhou proposes making the SDR the newreserve unit but suggests expanding it to include all other major ...

 

China calls for new global currency

The Associated Press -Mar 24, 2009

The currency should be based on shares in the IMF held by its 185 member nations, known as special drawing rights, or SDRs, the essay said. ...

 

Top Chinese Banker: Dollar Soon Irrelevant

NewsMax.com -14 hours ago

That will happen unless there is another global currency to balance it, he told CNBC. While the dollar remains a global currency, it can’t support the world ...

  

Fuelling a new world money supply

guardian.co.uk -21 hours ago

Back in 1944, the United States was not prepared to subordinate the dollar to a global currency over which it would have little control. ...

 

“Single dominant currency not safe”

Hindu -Apr 7, 2009

CHENNAI: China and India should work together for the interests of developing countries on theglobal financial and economic stage, including cooperation on ...

 

IMF is chief troubleshooter in global crisis

Times of India -Apr 5, 2009

IMF can call on the remainder, payable in member’s own currency. The SDRs so formed are an international reserve, but since they belong to depositing ...

 

Sleepwalking our way towards a world currency

Telegraph.co.uk -Apr 8, 2009

Under what was approved by the world leaders, the IMF is suddenly behaving like a globalcentral bank, issuing SDRs to control liquidity worldwide. ...

 

G-20 open to idea of alternate global currency, says Brown

Press Trust of India -Apr 3, 2009

... be replaced by IMF created Special Drawing Right (SDR) as super-sovereign reservecurrency. Reacting on the possibility of an alternate global currency, ...

 

SDR should become the global currency

Economic Times -Apr 2, 2009

Over time, the SDR should become the principal international currency. The US should see the wisdom of such a move. But if greed prevails over wisdom, ...

 

Kremlin aide: IMF should study global currency

Reuters -Apr 7, 2009

Asked whether Russia would pursue the idea of a new global currency, he said: "Our idea is to ask the IMF to prepare a report on this issue at some point ...

 

Global-currency Call Gets Nod From Geithner, Others

The New American -Mar 27, 2009

... sounds less threatening than an actual global currency like Keynes’ bancor, or the “acmetal” proposed by Kazakhstan’s President Nursultan Nazarbayev. ...

 

Chinese, Russian experts debate "supra-national reserve currency"

Xinhua -14 hours ago

In the short term, the current US dollar-dominated global currency system cannot be easily changed, he said. The system, however, has congenital flaws, ...

 

One World Currency

Wikinews
On March 11, Nazarbayev suggested the establishment of the "acmetal", a portmanteau of "acme" and "capital", as a reserve currencyreplacing the ruble in ...
Stanford Review
, USA
In pursuing a global currency, though, Bellum wonders whether China might instead be tacking for the doldrums of an internationally subdued economy… or ...
Telegraph.co.uk
The president said the name of his proposedcurrency was an amalgamation of the Greek work "acme", meaning "the best", and capital. ...
Jawa Report
, USA
... has been Kazakhstan President Nursultan Nazarbayev who proposed a global currency called the "acmetal" -- a mix of the words "acme" and "capital. ...

Inside Story - China questions the dollar's value - 26 Mar 09

Days before the G20 financial summit in London, Zhou Xiaochuan, the governor of the People's Bank of China, called for a new currency to eventually replace the US dollar.


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