Previously ~ The United Nations Declares War On The U.S. Dollar And Publicly Calls For The Establishment Of A New World Currency ... ~snip "In fact, It is the very same globalists that are pushing for this new world currency that have been behind the destruction of not only the U.S. dollar but all paper currencies around the world. In fact, there are many who are speculating that the recession that the world economy is now being "pushed" into is actually a contrived crisis which is designed to pave the way for the grand solution that the globalists have wanted all along. So exactly what is that grand solution? During a speech back in May, IMF chief Dominique Strauss-Kahn called for the introduction of a global currency backed by a global central bank which would act as the "lender of last resort" in the event of a severe economic crisis. That is what the globalists have always wanted - a global currency and a global central bank that we all pay taxes to. U.N. TO EMERGE AS GLOBAL IRS - UN DECLARATION MARCH. 23-24TH
Right now the world is not likely to go for it, but if the upcoming recession (or depression) is deep enough, then the would might just be willing to accept a global currency and a global central bank. You see, it is the exact same problem/reaction/solution paradigm that the globalists have used time after time after time to get their way. Even now, globalist organizations are lining up their proposals for global taxes that they wish to impose on all of us as we recently described on one of our sister sites.... *The IMF is actually calling for two new global taxes. One would be an international deposit insurance tax, and the other would be a tax on the profits of financial institutions worldwide. The IMF says that the funds would be used by them to prevent another major financial crisis. LINKS TO ARTICLES - TOBIN TAX - FINANCE TAX. Right now the world is not likely to go for it, but if the upcoming recession (or depression) is deep enough, then the world might just be willing to accept a global currency and a global central bank. hmmm ...
September 2, 2010 IMF warns G20 Nations of rising debt
Washington, Debt levels in developed countries may reach unsustainable levels, the International Monetary Fund in Washington warned.
"Debt levels among advanced economies have reached levels not seen before in the absence of a major war," said IMF Fiscal Affairs Department Director Carlo Cottarelli.
"The most indebted economies are approaching debt limits beyond which their fiscal positions may become unsustainable," said Jonathan Ostry, deputy director of the IMF Research Department.
In a statement released Wednesday, the IMF said it would take a "marked departure from normal historical patterns … to manage fiscal risks."
The most recent "surge" in government debt could be traced to the period between 2007 and 2009, when debt among the Group of 20 nations rose from 78 percent of their gross domestic product to 97 percent, the IMF said.
By 2015, government debt is expected to reach 115 percent of GDP in the G20, which includes the world's wealthiest economies.
Some may point to recent stimulus spending as the cause of escalating debt but the problem of rising debt has "eroded the government coffers of advanced economies" for years, the IMF said.
"The fiscal stimulus packages put in place to combat the worst effects of the crisis account for only a 10th of the increase in public debt projected during 2008-15," the statement said.
http://www.upi.com/Business_News/2010/09/02/IMF-warns-G20-Nations-of-rising-debt/UPI-25991283449194/
