current events-world economy

http://blogs.wsj.com/marketbeat/2012/05/23/in-europe-time-for-plan-b-only-theres-no-plan-and-no-time/?mod=google_news_blog

From the wall street journal...

A global currency??? It's possible. Impossible to buy or sell?

"We’re finally coming to the moment of truth, the end game, the final countdown, if you will. After three years of incessant babbling and delay, it’s a nice, if scary, change."

World economy

http://www.youtube.com/watch?v=tXoACHN4QA0

(Bloomberg) -- The dollars role in international trade should be reduced by establishing a new currency to protect emerging markets from the confidence game of financial speculation, the United Nations said.

UN countries should agree on the creation of a global reserve bank to issue the currency and to monitor the national exchange rates of its members, the Geneva-based UN Conference on Trade and Development said

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSp9VoPeHquI

The idea of moving away from the dollar is also finding support from major international agencies. The United Nations Conference on Trade and Development has stated that "the current system of currencies and capital rules that binds the world economy is not working properly and was largely responsible for the financial and economic crises." The statement continued, saying "the dollar should be replaced with a global currency." The International Monetary Fund agrees, recently arguing that the dollar should cede its role as global reserve currency to an international currency, which is in effect a basket of national currencies.

current events-world economy

http://www.europac.net/voices/so_long_us_dollar

"There's a major shift under way, one the US mainstream media has left largely untouched even though it will send the United States into an economic maelstrom and dramatically reduce the country's importance in the world: the demise of the US dollar as the world's reserve currency."

And when it happens...WATCH OUT!

A well put together thesis

http://www.europac.net/commentaries/real_crash

Peter Schiff. The guy doesn't stutter.

Current events-world economy

http://www.usatoday.com/money/economy/story/2012-05-25/spains-bankia-seeks-24-billion/55207406/1?loc=interstitialskip

"The Spanish government is trying to shore up the banking sector to get credit flowing to the ailing economy. But the cost of rescuing banks could overwhelm government finances, which are strained by a recession and an unemployment rate of nearly 25%. The possibility that the Spanish government might eventually need an international rescue package — like the ones Greece, Ireland and Portugal sought — has kept investors on edge for months. Spanish Prime Minister Mariano Rajoy met with Socialist opposition leader Alfredo Perez Rubalcaba late Friday to try to map out a strategy for the future."

I am weary of open-socialism. Is it because it is inevitable?

Current events-World economy

http://www.infowars.com/marc-faber-guarantees-a-global-recession/

How does the euro get destroyed? Does its destruction have an impact on the dollar?

Marc Faber believes global recession to hit in q4/12 or early 2013.

Current events-speculative

http://www.infowars.com/5-day-bank-holiday-to-prepare-for-collapse-of-euro/

If the EURO does collapse...would it cause a global economic crash? And if so, would it cause a new world currency to be brought in?

Barack O'mahdi-President of the world

http://www.infowars.com/barack-obama-is-the-first-united-nations-president/

What shall catapult him into the one to whom the ten kings spoken of in revelation shall give their power unto?

War? Economic collapse? Cyber-attack?

We shall see...

Come Lord Jesus.