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THE NEW WORLD ORDER'S GLOBAL/UNCONSTITUTIONAL CURRENCY AND MORE ON BHS (PUPPET) AND OPRAH W. HAIL MARY...!
Bancor: The Name Of The Global Currency That A Shocking IMF Report Is Proposing
P.S. Bancor sounds like rancor or something evil, which it is . . . God help us!!!
http://yourtubenews.ning.com/forum/topics/bancor-the-name-of-the-gl...
Bancor: The Name Of The Global Currency That A Shocking IMF Report Is Proposing
Posted by UnSlaveMe on February 26, 2011 at 9:12am in Editorials, Commentaries, Blogs
Send Message View Discussions
Sometimes there are things that are so shocking that you just do not want to report them unless they can be completely and totally documented. Over the past few years, there have been many rumors about a coming global currency, but at times it has been difficult to pin down evidence that plans for such a currency are actually in the works. Not anymore. A paper entitled "Reserve Accumulation and International Monetary Stability" by the Strategy, Policy and Review Department of the IMF recommends that the world adopt a global currency called the "Bancor" and that a global central bank be established to administer that currency. The report is dated April 13, 2010 and a full copy can be read here. Unfortunately this is not hype and it is not a rumor. This is a very serious proposal in an official document from one of the mega-powerful institutions that is actually running the world economy. Anyone who follows the IMF knows that what the IMF wants, the IMF usually gets. So could a global currency known as the "Bancor" be on the horizon? That is now a legitimate question.
So where in the world did the name "Bancor" come from? Well, it turns out that "Bancor" is the name of a hypothetical world currency unit once suggested by John Maynard Keynes. Keynes was a world famous British economist who headed the World Banking Commission that created the IMF during the Breton Woods negotiations.
The Wikipedia entry for "Bancor" puts it this way....
The bancor was a World Currency Unit of clearing that was proposed by John Maynard Keynes, as leader of the British delegation and chairman of the World Bank commission, in the negotiations that established the Bretton Woods system, but has not been implemented.
The IMF report referenced above proposed naming the coming world currency unit the "Bancor" in honor of Keynes.
So what about Special Drawing Rights (SDRs)? Over the past couple of years, SDRs have been touted as the coming global currency. Well, the report does envision making SDRs "the principal reserve asset" as we move towards a global currency unit....
"As a complement to a multi-polar system, or even—more ambitiously—its logical end point, a greater role could be considered for the SDR."
However, the report also acknowledges that SDRs do have some serious limitations. Since the value of SDRs are closely tied to national currencies, anything affecting those currencies will affect SDRs as well.
Right now, SDRs are made up of a basket of currencies. The following is a breakdown of the components of an SDR....
*U.S. Dollar (44 percent)
*Euro (34 percent)
*Yen (11 percent)
*Pound (11 percent)
The IMF report recognizes that moving to SDRs is only a partial move away from the U.S. dollar as the world reserve currency and urges the adoption of a currency unit that would be truly international. The truth is that SDRs are clumsy and cumbersome. For now, SDRs must still be reconverted back into a national currency before they can be used, and that really limits their usefulness according to the report....
"A limitation of the SDR as discussed previously is that it is not a currency. Both the SDR and SDR-denominated instruments need to be converted eventually to a national currency for most payments or interventions in foreign exchange markets, which adds to cumbersome use in transactions. And though an SDR-based system would move away from a dominant national currency, the SDR’s value remains heavily linked to the conditions and performance of the major component countries."
So what is the answer?
Well, the IMF report believes that the adoption of a true global currency administered by a global central bank is the answer.
The authors of the report believe that it would be ideal if the "Bancor" would immediately be used as currency by many nations throughout the world, but they also acknowledge that a more "realistic" approach would be for the "Bancor" to circulate alongside national currencies at first....
"One option is for bancor to be adopted by fiat as a common currency (like the euro was), an approach that would result immediately in widespread use and eliminate exchange rate volatility among adopters (comparable, for instance, to Cooper 1984, 2006 and the Economist, 1988). A somewhat less ambitious (and more realistic) option would be for bancor to circulate alongside national currencies, though it would need to be adopted by fiat by at least some (not necessarily systemic) countries in order for an exchange market to develop."
So who would print and administer the "Bancor"?
Well, a global central bank of course. It would be something like the Federal Reserve, only completely outside the control of any particular national government....
"A global currency, bancor, issued by a global central bank (see Supplement 1, section V) would be designed as a stable store of value that is not tied exclusively to the conditions of any particular economy. As trade and finance continue to grow rapidly and global integration increases, the importance of this broader perspective is expected to continue growing."
In fact, at one point the IMF report specifically compares the proposed global central bank to the Federal Reserve....
"The global central bank could serve as a lender of last resort, providing needed systemic liquidity in the event of adverse shocks and more automatically than at present. Such liquidity was provided in the most recent crisis mainly by the U.S. Federal Reserve, which however may not always provide such liquidity."
So is that what we really need?
A world currency administered by an international central bank modeled after the Federal Reserve?
Not at all.
As I have written about previously, the Federal Reserve has devalued the U.S. dollar by over 95 percent since it was created and the U.S. government has accumulated the largest debt in the history of the world under this system.
So now we want to impose such a system on the entire globe?
The truth is that a global currency (whether it be called the "Bancor" or given a different name entirely) would be a major blow to national sovereignty and would represent a major move towards global government.
Considering how disastrous the Federal Reserve system and other central banking systems around the world have been, why would anyone suggest that we go to a global central banking system modeled after the Federal Reserve?
Let us hope that the "Bancor" never sees the light of day.
However, the truth is that there are some very powerful interests that are absolutely determined to create a global currency and a global central bank for the global economy that we now live in.
It would be a major mistake to think that it can't happen.
Link
Tags: A, Bancor:, Currency, Global, IMF,
Guest: Texe Marrs
Texe Marrs, Uncategorized No Comments »
Davos & the NWO
www.powerofprophecy.com
Texe Marrs
Well-known researcher, author, radio host, public speaker, former military officer and professor of American defense policy, international affairs, and political science, at the University of Texas at Austin, has appeared on Gianni’s show many times. He’s also president of Power of Prophecy Ministries and River Crest Publishing in Austin, and editor of his newsletter, “Power of Prophecy. Because he’s always instructive and knowledgeable, he’s a favorite among listeners,
This week he focuses on the machinations of Davos, the people behind Palin and Obama, along with the role of Rothschild, and symbolism, occultism, paganism, codes, covert behavior, and black magic, as explained in Texe’s Codex Magica. He is a fountain of knowledge, of which he shares some of his research on the Illuminati, the Bushes, the Clinton s, the Luciferian party, architectural representations of Satan and demons, and much more.
As true with his other books, Mr. Marrs’ new one–Conspiracy World,–is captivating and on target with its advice, just are his New Age Cults and Religions, his classic guide to New Age groups, his Circle of Intrigue, Project LUCID, and Days of Hunger, Days of Chaos. His former USAF officer career provided him with an in-depth command of communications, electronics, and engineering, which he often writes about in regards to the NWO (New World Order). He holds a number of military decorations, including the “Vietnam Service Medal,”
Tagged with: New World Order • Obama
Feb 24
Guest: Pastor James David Manning, pastor, Obama critic
Birther, Democracy, Obama No Comments »
Click on the Play Arrow above to listen to the archive.
Download: February 24 – Manning
Pastor James David Manning
A major critic of President Obama is Pastor James David Manning, whose church—referred to as ATLAH–is in New York City. ATLAH stands for All the Land Anointed Holy, which is God”””””””””””””””’’s name for Harlem.
His website states that among other accusations, the Pastor called Obama a “good house negro” in one sermon while in another he referred to Obama as “trash” due to his mixed race heritage and accused him of being a “pimp” and “long-legged macdaddy,” citing the viral video “I Got a Crush… on Obama”. He stated that Obama “has the cadence of an Islamic person,” and he called Obama”””””””””””””””’’s mother “trash.” Manning defended his sermons in an interview on Fox News, saying that “we also have to talk about his character.”
He proclaimed Obama supporter Oprah Winfrey a “Babylonian whore”, the “queen of the universe”, and the Antichrist: “Run children, run children, and tell everybody that you know: Oprah Winfrey is the Antichrist.”
Though an upright community leader now, Dr. Manning committed his shared of crimes in his youth. While in prison, he became a devout Christian. He graduated from The College of New Rochelle with a Bachelor of Arts degree and continued on to NYC’s Union Theological Seminary where he earned a Master of Divinity. His Ph.D is from the ATLAH Theological Seminary, an educational institution. He is the author of 70 Letters, published by Welstar Publishing, The Oblation Hour, published by Publish America, LLP.
He oversees several ministries: The Temple Hour of Prayer, ATLAH Men”””””””””””””””’’s Business Association, ATLAH Superior, ATLAH Theological Seminary, ATLAH World Ministries, Great Tomorrows Elementary/Middle School and ATLAH High School.
Tagged with: Obama • Pastor Manning
Dec 16
Guest:TEXE MARRS, Author, Radio Host, Former Professor
Government Coverup, Hidden Truth, Illuminati, Israel, Noahide Laws, Obama, Texe Marrs.
Click on the Play Arrow above to listen to the archive.
Download: December 16th – Marrs
Rothschild’s Obama Puppet ?
www.powerofprophecy.com
Texe Marrs has appeared on Gianni’ on show a number of times; he’s always instructive and knowledgeable which is why he’s a favorite among listeners. He’s a retired USAF officer, taught at the University of Texas at Austin from 1977 to 1982 and is the author of some thirty-five books on Bible prophecy, secret societies, the New Age movement, and world affairs. Mr. Marrs is president of Power of Prophecy Ministries and RiverCrest Publishing in Austin, Texas. He is also editor of his newsletter, “Power of Prophecy.” Well known researcher, author, radio host and former military officer and professor, Mr. Texe Marrs returns to Gianni’s show to discuss in detail the concentration camps, presidential candidates and why he believes Israel is Babylon.
He states, “Obama is Rothschild’s choice for the U.S. presidency and that there is a hidden Cabal behind the plot to murder America: Chosen by hidden superiors, we discover that President Barack Obama is heir to a terrible Master Plan conceived long ago and now being lethally implemented. Barack Obama has become the ultimate instrument in a dark plot to deconstruct and ‘murder’ America.”
BHS and Oprah are connected to The Unitarian "Society..!" The Shadow Illuminati..!
Mr. Marrs is a public speaker, Bible prophecy expert, and former professor of American defense policy, international affairs, and political science at the University of Texas at Austin. He is also a retired career U.S. Air Force officer who served throughout Europe and Asia.
Sent by Two Patriots..!
GOD BLESS AND IN GOD WE TRUST..!
PSALM
92
P.S. Bancor sounds like rancor or something evil, which it is . . . God help us!!!
http://yourtubenews.ning.com/forum/topics/bancor-the-name-of-the-gl...
Bancor: The Name Of The Global Currency That A Shocking IMF Report Is Proposing
Posted by UnSlaveMe on February 26, 2011 at 9:12am in Editorials, Commentaries, Blogs
Send Message View Discussions
Sometimes there are things that are so shocking that you just do not want to report them unless they can be completely and totally documented. Over the past few years, there have been many rumors about a coming global currency, but at times it has been difficult to pin down evidence that plans for such a currency are actually in the works. Not anymore. A paper entitled "Reserve Accumulation and International Monetary Stability" by the Strategy, Policy and Review Department of the IMF recommends that the world adopt a global currency called the "Bancor" and that a global central bank be established to administer that currency. The report is dated April 13, 2010 and a full copy can be read here. Unfortunately this is not hype and it is not a rumor. This is a very serious proposal in an official document from one of the mega-powerful institutions that is actually running the world economy. Anyone who follows the IMF knows that what the IMF wants, the IMF usually gets. So could a global currency known as the "Bancor" be on the horizon? That is now a legitimate question.
So where in the world did the name "Bancor" come from? Well, it turns out that "Bancor" is the name of a hypothetical world currency unit once suggested by John Maynard Keynes. Keynes was a world famous British economist who headed the World Banking Commission that created the IMF during the Breton Woods negotiations.
The Wikipedia entry for "Bancor" puts it this way....
The bancor was a World Currency Unit of clearing that was proposed by John Maynard Keynes, as leader of the British delegation and chairman of the World Bank commission, in the negotiations that established the Bretton Woods system, but has not been implemented.
The IMF report referenced above proposed naming the coming world currency unit the "Bancor" in honor of Keynes.
So what about Special Drawing Rights (SDRs)? Over the past couple of years, SDRs have been touted as the coming global currency. Well, the report does envision making SDRs "the principal reserve asset" as we move towards a global currency unit....
"As a complement to a multi-polar system, or even—more ambitiously—its logical end point, a greater role could be considered for the SDR."
However, the report also acknowledges that SDRs do have some serious limitations. Since the value of SDRs are closely tied to national currencies, anything affecting those currencies will affect SDRs as well.
Right now, SDRs are made up of a basket of currencies. The following is a breakdown of the components of an SDR....
*U.S. Dollar (44 percent)
*Euro (34 percent)
*Yen (11 percent)
*Pound (11 percent)
The IMF report recognizes that moving to SDRs is only a partial move away from the U.S. dollar as the world reserve currency and urges the adoption of a currency unit that would be truly international. The truth is that SDRs are clumsy and cumbersome. For now, SDRs must still be reconverted back into a national currency before they can be used, and that really limits their usefulness according to the report....
"A limitation of the SDR as discussed previously is that it is not a currency. Both the SDR and SDR-denominated instruments need to be converted eventually to a national currency for most payments or interventions in foreign exchange markets, which adds to cumbersome use in transactions. And though an SDR-based system would move away from a dominant national currency, the SDR’s value remains heavily linked to the conditions and performance of the major component countries."
So what is the answer?
Well, the IMF report believes that the adoption of a true global currency administered by a global central bank is the answer.
The authors of the report believe that it would be ideal if the "Bancor" would immediately be used as currency by many nations throughout the world, but they also acknowledge that a more "realistic" approach would be for the "Bancor" to circulate alongside national currencies at first....
"One option is for bancor to be adopted by fiat as a common currency (like the euro was), an approach that would result immediately in widespread use and eliminate exchange rate volatility among adopters (comparable, for instance, to Cooper 1984, 2006 and the Economist, 1988). A somewhat less ambitious (and more realistic) option would be for bancor to circulate alongside national currencies, though it would need to be adopted by fiat by at least some (not necessarily systemic) countries in order for an exchange market to develop."
So who would print and administer the "Bancor"?
Well, a global central bank of course. It would be something like the Federal Reserve, only completely outside the control of any particular national government....
"A global currency, bancor, issued by a global central bank (see Supplement 1, section V) would be designed as a stable store of value that is not tied exclusively to the conditions of any particular economy. As trade and finance continue to grow rapidly and global integration increases, the importance of this broader perspective is expected to continue growing."
In fact, at one point the IMF report specifically compares the proposed global central bank to the Federal Reserve....
"The global central bank could serve as a lender of last resort, providing needed systemic liquidity in the event of adverse shocks and more automatically than at present. Such liquidity was provided in the most recent crisis mainly by the U.S. Federal Reserve, which however may not always provide such liquidity."
So is that what we really need?
A world currency administered by an international central bank modeled after the Federal Reserve?
Not at all.
As I have written about previously, the Federal Reserve has devalued the U.S. dollar by over 95 percent since it was created and the U.S. government has accumulated the largest debt in the history of the world under this system.
So now we want to impose such a system on the entire globe?
The truth is that a global currency (whether it be called the "Bancor" or given a different name entirely) would be a major blow to national sovereignty and would represent a major move towards global government.
Considering how disastrous the Federal Reserve system and other central banking systems around the world have been, why would anyone suggest that we go to a global central banking system modeled after the Federal Reserve?
Let us hope that the "Bancor" never sees the light of day.
However, the truth is that there are some very powerful interests that are absolutely determined to create a global currency and a global central bank for the global economy that we now live in.
It would be a major mistake to think that it can't happen.
Link
Tags: A, Bancor:, Currency, Global, IMF,
Guest: Texe Marrs
Texe Marrs, Uncategorized No Comments »
Davos & the NWO
www.powerofprophecy.com
Texe Marrs
Well-known researcher, author, radio host, public speaker, former military officer and professor of American defense policy, international affairs, and political science, at the University of Texas at Austin, has appeared on Gianni’s show many times. He’s also president of Power of Prophecy Ministries and River Crest Publishing in Austin, and editor of his newsletter, “Power of Prophecy. Because he’s always instructive and knowledgeable, he’s a favorite among listeners,
This week he focuses on the machinations of Davos, the people behind Palin and Obama, along with the role of Rothschild, and symbolism, occultism, paganism, codes, covert behavior, and black magic, as explained in Texe’s Codex Magica. He is a fountain of knowledge, of which he shares some of his research on the Illuminati, the Bushes, the Clinton s, the Luciferian party, architectural representations of Satan and demons, and much more.
As true with his other books, Mr. Marrs’ new one–Conspiracy World,–is captivating and on target with its advice, just are his New Age Cults and Religions, his classic guide to New Age groups, his Circle of Intrigue, Project LUCID, and Days of Hunger, Days of Chaos. His former USAF officer career provided him with an in-depth command of communications, electronics, and engineering, which he often writes about in regards to the NWO (New World Order). He holds a number of military decorations, including the “Vietnam Service Medal,”
Tagged with: New World Order • Obama
Feb 24
Guest: Pastor James David Manning, pastor, Obama critic
Birther, Democracy, Obama No Comments »
Click on the Play Arrow above to listen to the archive.
Download: February 24 – Manning
Pastor James David Manning
A major critic of President Obama is Pastor James David Manning, whose church—referred to as ATLAH–is in New York City. ATLAH stands for All the Land Anointed Holy, which is God”””””””””””””””’’s name for Harlem.
His website states that among other accusations, the Pastor called Obama a “good house negro” in one sermon while in another he referred to Obama as “trash” due to his mixed race heritage and accused him of being a “pimp” and “long-legged macdaddy,” citing the viral video “I Got a Crush… on Obama”. He stated that Obama “has the cadence of an Islamic person,” and he called Obama”””””””””””””””’’s mother “trash.” Manning defended his sermons in an interview on Fox News, saying that “we also have to talk about his character.”
He proclaimed Obama supporter Oprah Winfrey a “Babylonian whore”, the “queen of the universe”, and the Antichrist: “Run children, run children, and tell everybody that you know: Oprah Winfrey is the Antichrist.”
Though an upright community leader now, Dr. Manning committed his shared of crimes in his youth. While in prison, he became a devout Christian. He graduated from The College of New Rochelle with a Bachelor of Arts degree and continued on to NYC’s Union Theological Seminary where he earned a Master of Divinity. His Ph.D is from the ATLAH Theological Seminary, an educational institution. He is the author of 70 Letters, published by Welstar Publishing, The Oblation Hour, published by Publish America, LLP.
He oversees several ministries: The Temple Hour of Prayer, ATLAH Men”””””””””””””””’’s Business Association, ATLAH Superior, ATLAH Theological Seminary, ATLAH World Ministries, Great Tomorrows Elementary/Middle School and ATLAH High School.
Tagged with: Obama • Pastor Manning
Dec 16
Guest:TEXE MARRS, Author, Radio Host, Former Professor
Government Coverup, Hidden Truth, Illuminati, Israel, Noahide Laws, Obama, Texe Marrs.
Click on the Play Arrow above to listen to the archive.
Download: December 16th – Marrs
Rothschild’s Obama Puppet ?
www.powerofprophecy.com
Texe Marrs has appeared on Gianni’ on show a number of times; he’s always instructive and knowledgeable which is why he’s a favorite among listeners. He’s a retired USAF officer, taught at the University of Texas at Austin from 1977 to 1982 and is the author of some thirty-five books on Bible prophecy, secret societies, the New Age movement, and world affairs. Mr. Marrs is president of Power of Prophecy Ministries and RiverCrest Publishing in Austin, Texas. He is also editor of his newsletter, “Power of Prophecy.” Well known researcher, author, radio host and former military officer and professor, Mr. Texe Marrs returns to Gianni’s show to discuss in detail the concentration camps, presidential candidates and why he believes Israel is Babylon.
He states, “Obama is Rothschild’s choice for the U.S. presidency and that there is a hidden Cabal behind the plot to murder America: Chosen by hidden superiors, we discover that President Barack Obama is heir to a terrible Master Plan conceived long ago and now being lethally implemented. Barack Obama has become the ultimate instrument in a dark plot to deconstruct and ‘murder’ America.”
BHS and Oprah are connected to The Unitarian "Society..!" The Shadow Illuminati..!
Mr. Marrs is a public speaker, Bible prophecy expert, and former professor of American defense policy, international affairs, and political science at the University of Texas at Austin. He is also a retired career U.S. Air Force officer who served throughout Europe and Asia.
Sent by Two Patriots..!
GOD BLESS AND IN GOD WE TRUST..!
PSALM
92
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