The World Currency

For the first time ever, world leaders and big media are openly talking about the creation of a one world currency. While some people thought we would never see a world currency, the truth is that the recent G20 summit was another huge step towards making it a reality.

Point 19 of the communique issued by the G20 leaders is the biggest official step towards a global currency that we have ever seen:

"We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity."

So what are SDRs?

SDRs are "Special Drawing Rights", which is a synthetic paper currency issued by the International Monetary Fund. This concept has basically been dormant for half a century, but now the G20 has fully revived it.

Basically what the G20 leaders have done is that they have activated the IMF's power to create money. They call it "quantitative easing".

By giving the IMF the power to create money, the world leaders at the G20 summit have officially launched a world currency that is outside the control of any national government.

Now mainstream media outlets are even openly discussing the possibility of a one world currency. Just yesterday, MSNBC ran this shocking headline: What if the world all used the same currency?

Even George Soros is now openly discussing the prospect of a one world currency: "In the long run, having an international accounting unit rather than the dollar may, in fact, be to our advantage."

It was the Russians and the Chinese who were the most vocal supporters of the creation of a world currency at the G20 summit. They want to see an end to the domination of the dollar in international commerce.

But Russia is not alone. Kazakhstan's President Nursultan Nazarbayev is also openly calling for a one world currency.

Nazarbayev says that "we must create a single world currency under the aegis of the United Nations."

Nazarbayev's view is echoed by Canadian economist and Nobel prize winning professor Robert Mundell. Mundell, who was a key intellectual force behind the creation of the Euro, is also actively promoting the idea of one world currency.

WorldNetDaily reports that Mundell told the Australian News this: "I must say that I agree with President Nazarbayev on his statement and many of the things he said in his plan, the project he made for the world currency, and I believe I'm right on track with what he is saying."

The truth is that a one world currency has been the goal of globalist organization such as the Council on Foreign Relations for a long time. In a 2007 issue of their Foreign Affairs magazine, the published an article entitled, "The end of national currency" in which they recommended that "countries should abandon monetary nationalism."

So how would a one world currency work?

Basically a one world central bank owned and run by the international banking elite would print, issue and control the single currency of the entire world. In many ways this represents one of the ultimate goals of the international bankers.

Imagine what you could do if you had total control over the currency of the whole world.

In fact, the IMF is totally controlled by the international bankers, and now that the IMF is creating money, is there any realistic chance that a full-fledged global currency can be stopped?

Let's hope so.