China's central bank has reiterated its call for a new reserve currency to replace the US dollar.
The report from the People's Bank of China (PBOC) said a "super-sovereign" currency should take its place.
Central bank chief Zhou Xiaochuan has loudly led calls for the dollar to be replaced during the financial crisis.
The bank report called for more regulation of the countries that issue currencies that underpin the global financial system.
"An international monetary system dominated by a single sovereign currency has intensified the concentration of risk and the spread of the crisis," the Chinese central bank said.
The dollar fell after the report was released. The US currency dropped 1% against the euro to $1.4088, and declined 0.8% versus the British pound to $1.6848.
SDRs
Mr Zhou caused a stir earlier this year when he said the dollar could eventually be replaced as the world's main reserve currency by the Special Drawing Right (SDR), which was created as a unit of account by the IMF in 1969.
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OTTAWA — Scientists in Canada and around the world are racing to find a way to stop a destructive fungus that threatens to wipe out 80 per cent of the world's wheat crop, causing widespread famine and pushing the cost of such staples as bread and pasta through the roof.
Canadian officials say that the airborne fungus, known as Ug99, has so far proved unstoppable, making its way out of eastern Africa and into the Middle East and Central Asia. It is now threatening areas that account for more than one-third of the world's wheat production and scientists in North America say it's only a matter of time before the pest hits the breadbasket regions of North America, Russia and China.
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The Oligarchs love scarcity. Scarcity = dependence. Dependence = control. Control = slavery.
ReplyDeleteYou can bet they have their hands in Ug99.
Well said, anon #1. If folks did not believe, or even know about that before say, --Sep 07 -on, then an education is due them, and the proof is showing up daily. Here is my own confession:
ReplyDeleteI spent 30 years in Government and Military Service, and did not ever know about the illuminati. Hard to believe, I know. Only when retired, and time was available to study "things", did I learn the shadowy deep-dark stuff thats out there. This statement alone proves that we never heard about this (as designed to be) and only now that the S**t is hitting the fan, do we have an inkling of it.
The 8 to 5 breadwinner has NO time for learning what is really going down in the world. Take yourself a good break, and study things. However, its probably too late to worry much about it.
He who controls the food, controls the population...
ReplyDeleteFor those who do know what their de-population plans are via Codex Alimentarius, research it. They want to control every stalk of corn, every newborn calf, every piece of food on the planet.
ReplyDeleteOne of many plans they have been working on for many years. Since they control the three Ms (Money, Media and Militaries) they will get their wish and starve out most of the world's populace. Those that don't stare out will need to beg for their allotment of food. It will be criminal to grow your own unless the food seeds and licensed by Montesanto or other elite controlled corps.
If the police and military could only be educated as to who their real bosses are; the Oligarchs. War is a racket, a money making endeavor for them. They start them, they profit and sit back and enjoy the show. Hence the term *Theatre of War.*
ReplyDeleteIf you lose your leg, your life, or your mind fighting in a war it is to make a fat banker more cash. Every underpaid soldier is making the banksters vast fortunes in war profits, dead or alive. They love never ending occupations because the cash flow never ends.
What is the recovery to be based upon?
ReplyDeleteDoes anybody know?
Do you know who actually planted the first seed of corn? THE OLIGARCHS.
ReplyDeleteMost innovation comes from free men. Then their brilliant ideas are hoarded up, made scarce, and profited by the elite.
ReplyDeleteNikola Tesla was the greatest example. He was the inventor of AC electricity and dozens of other great things - inc Free Energy technology. The greatest inventor ever, but few know his name.
Of course, the Oligarchs could never let us have access to this type of tech - it would break their grip forever. We are spoon fed only resources and tech that will keep us happy in the cage.
The Oligarchs created the moon. Why shouldn't they keep is in cages as pets and drink our blood?
ReplyDelete