Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all,
Vanilla are planning an update to the site on April 24th (next Wednesday). It is a major PHP8 update which is expected to boost performance across the site. The site will be down from 7pm and it is expected to take about an hour to complete. We appreciate your patience during the update.
Thanks all.

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

Options
  • 11-07-2009 3:15pm
    #1
    polishpaddy
    Closed Accounts Posts: 377 ✭✭


    By Lyubov Pronina
    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.”
    Medvedev has repeatedly called for creating a mix of regional reserve currencies as part of the drive to address the global financial crisis, while questioning the U.S. dollar’s future as a global reserve currency. Russia’s proposals for the G-20 meeting in London in April included the creation of a supranational currency.



    http://www.bloomberg.com/apps/news?pid=20601087&sid=aeFVNYQpByU4


    pic of the coin

    http://pics.livejournal.com/a_kolesnichenko/pic/00021ace/


Comments

  • Options
    #2
    watty
    Registered Users Posts: 32,417 ✭✭✭✭watty


    Actually the Chinese are the ones most interested in an alternative to the Dollar. There is no serious move for a new "world wide" currency, and certainly not with these coins http://www.boards.ie/vbulletin/showpost.php?p=61104660&postcount=2 . They are a marketing ploy by the Belgian Mint. Just like many post offices raise revenue by issuing stamps for collectors.

    If anything replaces the Dollar, it will be whatever oil is traded in.

    The Chinese and others want a method of international trading that is not vulnerable to the winds of the US economy. That's why there used to be a Gold Standard.


    http://en.wikipedia.org/wiki/Gold_Standard

    Read this and you will see why though there are problems with Dollar and would be problems if Euro replaced it, there could be bigger problems having a world "currency".

    Economists don't know what the solution to the current Dollar Crisis is, but few would see a new Currency as the solution.
    Medvedev has repeatedly called for creating a mix of regional reserve currencies as part of the drive to address the global financial crisis
    That is the important part. Any Notional new Reserve "currency" would be backed by a basket of Yen, Chinese, Russian, Euro and Dollar. It wouldn't be a circulation currency with coins and notes. It's difficult to see how it can work.

    It's probably worth reading http://en.wikipedia.org/wiki/Fiat_currency also if you are not an economist.


  • Options
    #3
    derry
    Banned (with Prison Access) Posts: 1,380 ✭✭✭derry


    watty wrote: »
    Actually the Chinese are the ones most interested in an alternative to the Dollar. There is no serious move for a new "world wide" currency, and certainly not with these coins http://www.boards.ie/vbulletin/showpost.php?p=61104660&postcount=2 . They are a marketing ploy by the Belgian Mint. Just like many post offices raise revenue by issuing stamps for collectors.

    If anything replaces the Dollar, it will be whatever oil is traded in.

    The Chinese and others want a method of international trading that is not vulnerable to the winds of the US economy. That's why there used to be a Gold Standard.
    Read this and you will see why though there are problems with Dollar and would be problems if Euro replaced it, there could be bigger problems having a world "currency".

    Economists don't know what the solution to the current Dollar Crisis is, but few would see a new Currency as the solution.


    That is the important part. Any Notional new Reserve "currency" would be backed by a basket of Yen, Chinese, Russian, Euro and Dollar. It wouldn't be a circulation currency with coins and notes. It's difficult to see how it can work.

    It's probably worth reading http://en.wikipedia.org/wiki/Fiat_currency also if you are not an economist.

    http://en.wikipedia.org/wiki/Gold_Standard



    A one world currency is only going to benifit the elite mostly offshore bankers who want to make a one world government and then a one world tryanny

    The plan is destroy the dollar before 2009 ends.This will also cause the demise of the sterling and shortly after the Euro and then the swiss franc .Then the elite who created this destruction will step forward and say we have a solution a one world currency.Then we will all find ourselfs beholden to this new currency probably gettting our facees ripped in bank charges to get the stuff .Expect later to be stiffed with one world taxxes estemated to be 80% tax rates.:eek:

    You would want to be stark raving mad to trade a crappy euro fiat currency where our elected polititions are sopposed to control it in return for some unknown one world fiat currency that only the banking elite will control having pulled the biggest coup off in the worlds banking history.
    This is letting the foxxes rule the chicken coop completly

    Better we scrap the euro and go back to national currencies like the Punt and Dueth mark whatever and resist any attempt to make any world currency

    The day you see a one world currency born your close as you will ever get to entering a terrible one world tryanny that will mean that there is no countries to run to as a refugee to seek safe haven


    THE CT brigade have been predicting that the one world currency was the goal a vital steping stone on the route to the one world government and so far CT are at least one decade in advance and correct that there would be an attempt to make a one world currency .Also the CT predictions figured the one world currency would be owned and controlled by the world elite mostly bankers which would impoverish us joe soaps and greatly enrich the elite.


    At the moment they are trying to revamp CDR (credit drawing rights a sorta basket of currencies )as a quazi one world currency.

    Hopefully the problems of the USA FIAT dollar can be sorted with the USA senators voting for the audit on the federal reserve bank and then implementing the Jack Kennidy's 1962 exective order 11110 which made the silver dollar produced by the USA congress as legal tender and get rid of the old fait USA dollar .If that happened it could then force Europe under the yoke of the Rochchilds and other elites to scrap the euro for a better more stable currency issued buy the EU governments directly with no bank agents involved and without the interests that private banks take and propel europe into greater wealth where banks did not cream of more than 30% of total output which they do now .

    Worth noting and reading up on is the factual history of the rise of Hitler and germany pre WW2 .The success of Hitler at hat time before he became a real bad leader was actualy mostly due to his NAZI parties abilty to create a stable currency without gold in the vaults and bring the destroyed german economy of 1920's back to be the top european economy in the early 1930s.This feat explains why the german people were hoodwinked into thinking Hitler was a genius who could do no wrong in that the economic miracale he created which then gave Hitler the launch pad to use to create a world war.If we strip out the bad deeds of Hitlers NAZI party later on when they went to war and look the economic facts pre WW2 there is solid proof that it is possible for governments without private banks in the loop to make succesful regional currencies that will have real value

    In all of known history all fiat currencies have collaped spectaculary and the EURO and USA dollar and english sterling the big three are all Fiat cuurencies .If we remove private banks as the lenders to governments and we make non fiat currencies we can stop the forced agenda for a one world currency


    Derry


  • Options
    #4
    marco_polo
    Moderators, Science, Health & Environment Moderators Posts: 10,076 Mod ✭✭✭✭marco_polo


    derry wrote: »
    http://en.wikipedia.org/wiki/Gold_Standard
    .......
    The plan is destroy the dollar before 2009 ends.

    .......

    /* Scribbles note in diary for 1 January 2010.


  • Options
    #5
    watty
    Registered Users Posts: 32,417 ✭✭✭✭watty


    derry wrote: »
    ...
    Worth noting and reading up on is the factual history of the rise of Hitler and germany pre WW2 .The success of Hitler at hat time before he became a real bad leader was actualy mostly due to his NAZI parties abilty to create a stable currency without gold in the vaults and bring the destroyed german economy of 1920's back to be the top european economy in the early 1930s.
    ...

    Before he was a "bad" leader???

    you HAVE read about the burning of the Reichstag and the asssination of Röhm and SA leadership?
    http://en.wikipedia.org/wiki/Reichstag_fire
    also
    Hitler was already in power the day the Reichstag burned [27 Feb 1933]. An aging Hindenberg had made the transition of handing over power; the Chancellorship was in the hands of Hitler and the Nazis, but the control of the legislature was not yet theirs. The Communists and Labor parties as well as some fractioned parties still held special interests: as long as power was only partial, the National Socialists would never succeed in their ultimate but still clandestine plans.

    How good a Leader Hitler was is open to debate.

    How "good" a Person he was is another story.
    From April 1924 until late February 1925 the SA was known as the Frontbann to try to circumvent Bavaria's ban on the Nazi Party and its organs (instituted after the abortive Beer Hall putsch of November 1923). The SA carried out numerous acts of violence against socialist groups throughout the 1920s, typically in minor street-fights called Zusammenstöße ('collisions'). As the Nazis evolved from an extremist political party to the unquestioned leaders of the government, the SA was no longer needed for its original purpose: the acquisition of political power

    So then Hitler ordered the arrest and subsequent execution of the leadership of the SA, which took place on June 30-July 2, 1934, on what is known as the Night of the Long Knives. At Hitler's behest, Himmler and Reinhard Heydrich faked a dossier that purported to show that Röhm had received payment from the French to carry out a coup against the Führer.

    Tell me    .

    On which dates did Hitler start and stop being a "good leader"?


  • Options
    #6
    nyarlothothep
    Registered Users Posts: 5,176 ✭✭✭nyarlothothep


    http://www.youtube.com/watch?v=4fSvF6iQFdM

    Interesting perspective on this issue. I think its really open to how things play out internationally especially with America.


  • Advertisement
Advertisement