Send to a Friend

SquirrelEStuff's avatar

Did the G20 meeting result in the implementation of a world currency?

Asked by SquirrelEStuff (10007points) April 9th, 2009

Why is the US media not reporting on this?
“A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order.

“We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,” it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.

Related Articles

*
ECB attacks G20 plan to boost IMF drawing rights to pump cash into global economy
*
G20 communiqu?: Point by point analysis
*
G20 summit: Gordon Brown unveils $1.1 trillion global recession fight-back
*
G20 trebles IMF funding to $750bn to help poorer countries
*
G20 summit: leaders on brink of $1 trillion rescue deal

In effect, the G20 leaders have activated the IMF’s power to create money and begin global “quantitative easing”. In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it. ”

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5096524/The-G20-moves-the-world-a-step-closer-to-a-global-currency.html

Using Fluther

or

Using Email

Separate multiple emails with commas.
We’ll only use these emails for this message.