In the past few years, the dollar’s value has fallen because of inept policies coming from our federal government. This has gotten the attention of foreign investors that currently hold trillions in U.S. debt, and it has sparked controversy about the possibility of a global currency.
That controversy started with countries like China and Russia discussing the possibility of such a currency, but now another big player has apparently gotten on board: the United Nations.
From the UK Telegraph:
In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises.
It added that the present system, under which the dollar acts as the world’s reserve currency , should be subject to a wholesale reconsideration.
Although a number of countries, including China and Russia, have suggested replacing the dollar as the world’s reserve currency, the UNCTAD report is the first time a major multinational institution has posited such a suggestion.
As scary as this sounds, it gets even scarier when members of the Obama Administration have talked about this very idea. We reported on this awhile ago…click here.
The day this comes to fruition is the day we lose any liberty or freedom we still have. We will then be beholden to the powers of other nations, and subject to their rules.
This could be the single biggest issue of our time, and the fight starts now…Published in