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Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8

BmanMcfly

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July 10 (Bloomberg) -- Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.”

“Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and touch it.”

The coin, which bears the words “unity in diversity,” was minted in Belgium and presented to the heads of G-8 delegations, Medvedev said.
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And not so long ago the prospect of a 'world currency' was viewed in the realm of fairy tales and sasquatch... the actual money has been used as a bank to bank currency for months already (SDR units).
 
And not so long ago the prospect of a 'world currency' was viewed in the realm of fairy tales and sasquatch... the actual money has been used as a bank to bank currency for months already (SDR units).

And not so long ago many citizens of the U.S. said "**** what the world thinks".

Arrogance only gets you soo far. If the world decides to go away from the dollar, there isn't a damn thing the U.S. can do about it. The U.S. has become a CONSUMER nation for the most part.
 
And not so long ago many citizens of the U.S. said "**** what the world thinks".

That part hasn't changed.

Arrogance only gets you soo far. If the world decides to go away from the dollar, there isn't a damn thing the U.S. can do about it. The U.S. has become a CONSUMER nation for the most part.

Yes, but to know that this has been done by design with the purpose and intent that the rest of the world would drop the US as a currency to be replaced with a global currency (with regional currencies : european, asian and american)... that this is being unveiled is further confirmation that those 'conspiracy theorists' were warning about for years is coming to reality/
 
July 10 (Bloomberg) -- Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.”

“Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and touch it.”

The coin, which bears the words “unity in diversity,” was minted in Belgium and presented to the heads of G-8 delegations, Medvedev said.
--------------------

And not so long ago the prospect of a 'world currency' was viewed in the realm of fairy tales and sasquatch... the actual money has been used as a bank to bank currency for months already (SDR units).

Breaking News Rules said:
3. Each *BN* Opening Post (OP) must have a citation link to a news story.

Please read and use them.
 
Wow!

So I can use these to buy Amero's?

:2wave:
 
That part hasn't changed.

[lol]

Yes, but to know that this has been done by design with the purpose and intent that the rest of the world would drop the US as a currency to be replaced with a global currency (with regional currencies : european, asian and american)... that this is being unveiled is further confirmation that those 'conspiracy theorists' were warning about for years is coming to reality/

The problem I have with many of the conspiracy theorists that I've talked to is that there are so many REAL conspiracies [the masons, do indeed, run the country by and large] that their tendancy to gravitate towards ANY conspiracy theory and then ramble on about it like a loon, gives the people who those conspiracies benifit a level of deniability and puts many red herrings in the water, muddling the real "truth is stranger than fiction" conspiracies that would make people sh*t their pants if they new the whole truth.
 
I think some need to understand this is a global currency for trade, not a replacement for the physical U.S. dollar. That much I do understand.

What I can not comment on is what are the benefits or drawbacks to countries forgoing the use of the dollar for global trade? You see kids Sam here did not do as well as he should have in Econ class because he was too busy staring at the uber-hot chick who sat in front of him. While others were taking notes, Sam was...well you get the point :) Seriously though, economics like this are not my strong point, so I would be interested to know further the true implications of moving away from the dollar.
 
To put it simply it makes America less powerful.

Thats about as summed up as it gets.
 
Isn't there supposed to be a link with BN stories?
 
Bman, post the link please. Also, as others have said, once the world moves away from the dollar, the U.S.'s buying power will diminish greatly. Our debt will increase, and our economy will fall further, if that is possible. This is the simple reason this is occuring, countries such as Russia have been waiting for the opportunity to knock the U.S. off the top. The economics of the past ten years gave them their shot.

I have posted on the Shanghai Corporation Organization under International, a while back, no one responded, but you guys really need to read about such groups as this and ASEAN+3. All are set-up to diminish U.S. influence and power as trade and security deals between Russia, China, India, and other Pacific Rim nations, even some South American nations.
 
Here is a link for the op story.


Medvedev Shows Off Sample Coin of New ?World Currency? at G-8 - Bloomberg.com

July 10 (Bloomberg) -- Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.”

“Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and touch it.”

The coin, which bears the words “unity in diversity,” was minted in Belgium and presented to the heads of G-8 delegations, Medvedev said.

The question of a supranational currency “concerns everyone now, even the mints,” Medvedev said. The test coin “means they’re getting ready. I think it’s a good sign that we understand how interdependent we are.”
 
In order for a currency to be an actual threat to any other currency that currency not only has to be recognized by more then one nation as a currency..it then has to have the capitol backing to make it have value.




Medenevs claim that because he got a coin made it means the world is gearing up for a currency switch is moronic..In fact my only guess on that is he thinks his audience is stupid.
 
In order for a currency to be an actual threat to any other currency that currency not only has to be recognized by more then one nation as a currency..it then has to have the capitol backing to make it have value.

This is true but one must consider China who in the next couple of decades may have an economy that will surpass ours. They are siding with Russia and a few other countries to replace the dollar as the global standard.
 
Distortion of the facts is a necessity for the western media. How can anybody trust to what he reads I don’t know. It seems like reading has completely replaced thinking how days.


Medeved is a magician. He pulled a coin out of an empty pocket. And everyone believes he can do. Pure magic.

How did the coin get into his pocket?
How did the coin get into his?
How did the coin get into his pocket?









It was a gift from organizers of the G-8 meeting. They thought of and minted the coin.


''He explained that the coin - this is a gift, which was given to all heads of delegations.
"The coin was minted, I think, in Belgium, this is a test batch ...", - said Medvedev.

Google Translate














Now carry on with reading.
 
This is true but one must consider China who in the next couple of decades may have an economy that will surpass ours. They are siding with Russia and a few other countries to replace the dollar as the global standard.

Until nations begin trading, more specifically the US begins trading in the new world currency, any hopes for a new reserve are a pipe dream. The dollar is the world reserve due to our current account deficit. If we buy products from countries with dollars, they have to do something with them (buy treasuries), especially if they want to buy any sort of US goods (such as military equipment :2razz: ).
 
Please read and use them.

Sorry, Medvedev Shows Off Sample Coin of New ?World Currency? at G-8 - Bloomberg.com

Really though... out of every 10 BN posts maybe 3-4 follow all of the rules...

The problem I have with many of the conspiracy theorists that I've talked to is that there are so many REAL conspiracies [the masons, do indeed, run the country by and large] that their tendancy to gravitate towards ANY conspiracy theory and then ramble on about it like a loon, gives the people who those conspiracies benifit a level of deniability and puts many red herrings in the water, muddling the real "truth is stranger than fiction" conspiracies that would make people sh*t their pants if they new the whole truth.

I actually do agree with you here... the 'conspiracy theorists' are not all made equal, even in cases where 2 may be saying very similar stories one of them may just be a 'nut job' while the other has legitimate research backing him. Which is why I'd take the word of anyone who advises to NOT take their word but to check the facts for themselves, where someone who advises that he has all the answers typically has an agenda. Discernment is key.

Skull&bones, Bilderberg, illuminati among other secret societies are real. The true power and influence is, say, difficult to guage in the level of secrecy involved. However, with the case of bilderburg when their documents come out they are surprisingly accurate in the 'plans' (or 'prophecy') (ex : while oil was 60$ a barrel, they said over the next year would go up to the 150$ range before dropping as a means of bankrupting many of the oil producing nations)



I think some need to understand this is a global currency for trade, not a replacement for the physical U.S. dollar. That much I do understand.

True. So far this currency has been put into use through the IMF and while does not represent a PHYSICAL currency it is a 'pool' of several different currencies.

What I can not comment on is what are the benefits or drawbacks to countries forgoing the use of the dollar for global trade? You see kids Sam here did not do as well as he should have in Econ class because he was too busy staring at the uber-hot chick who sat in front of him. While others were taking notes, Sam was...well you get the point :) Seriously though, economics like this are not my strong point, so I would be interested to know further the true implications of moving away from the dollar.

What's happened is that the Federal reserve (the US central bank) has over-printed US currency and devalued the dollar 95% since 1913. The rest of the world has caught on that the dollar is little more than green TP at this point and naturaly would prefer to trade with something of real value.

If the world drops the US currency all the currency around the world of US notes will be returned... and well... since the currency has been devalued so much add in all the extra notes will FORCE massive inflation. (Imagine your life savings suddenly not even enough to buy a meal) ... while I'm by no means an economics expert, this has been parroted by other experts that actually understand the why and how of this process.

In order for a currency to be an actual threat to any other currency that currency not only has to be recognized by more then one nation as a currency..it then has to have the capitol backing to make it have value.


Medenevs claim that because he got a coin made it means the world is gearing up for a currency switch is moronic..In fact my only guess on that is he thinks his audience is stupid.

It's not moronic, how can you have a global government without a global currency and a global tax (CO2 tax)... this is just the continuation of a process that's meant to lower the world to the lowest common denominator, eliminating any middle class so that the world is split between the slaves and the super-rich controllers.... forcing the 99% of the world to be in full servitude of the wealthiest 1%.

Eventually the world currency (according to the likes of the Rockefellers) will be through a chip inplanted into every person that controls the money they have.... if you get out of line, they simply need to 'turn off the chip'. But, this story so far is just the next logical step in the process of 'globalization'.
 
I dont know if Medvedev realizes it or not but we already have at least three world currencies

1. Oil

2. Gold

3. Silver

1 - You can't fit oil in your pocket

2 & 3 - represent REAL wealth where the aim is to create a new 'fiat' currency that can be put to the presses and devalued as the bankers who would control it see fit.
 
You want one world currency? Do you trust the world to not devalue your money?

I'd like instead a gold-backed system where you put your gold in banks and the bank issues its own currency. That would put competition in currency so that only those who don't devalue their money survive.
 
Special drawing rights (SDRs) aren't going to work either, the American dollar is still a huge component. And even though it would be an improvement for dollar holders outside of the USA, it still doesn't get away from the dollar.
 
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You want one world currency? Do you trust the world to not devalue your money?

I'd like instead a gold-backed system where you put your gold in banks and the bank issues its own currency. That would put competition in currency so that only those who don't devalue their money survive.

Yes, I agree... but the big banks that will be 'running' the world government and / or world economy have no interest in using REAL asset backed currency since those cannot be simply devalued.

This does tie into the bank 'bailout' in that they've taken nearly 20 Trillion dollars, and once that money gets pushed back into the economy, because we don't produce anything anymore is going to mean a drastic level of inflation.... with that level of inflation and devaluing of the dollar, how would the US have any choice BUT to buy into this 'global currency' once it's taken effect?

I mean, I'd seriously hope that it doesn't end up like zimbabwe where you'd pay for your meal when you sit down because by the time the meal arrives the cost has gone up... (luckily I've never lived through this, but have heard this has been the case, in other places as well)
 
I mean, I'd seriously hope that it doesn't end up like zimbabwe where you'd pay for your meal when you sit down because by the time the meal arrives the cost has gone up... (luckily I've never lived through this, but have heard this has been the case, in other places as well)

I dont think it would be as bad as Zimbabwe. I dont remember the exact number now but it was HUGE. They printed something like 400 trillion dollars in less then a decade.
 
A world fiat currency is an economic impossibility.

So long as there are sovereign nations, there will be sovereign currencies.

Medvedev is smoking crack if he thinks showing off a coin will change that.
 
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