Dec 21
Stitching Together the Global Currency
Even since the bursting of the credit bubble, the quest for a one-world financial system has been on a fast track. Nations that have long relied on the dollar are working overtime to create an alternate form of currency.
Last week, several Latin American countries met for a two-day summit in Havana. They drew up a plan to roll out a non-paper form. With no printed or coin versions, the virtual currency will be used to manage debts between governments while reducing reliance on the U.S. dollar and on Washington in general. The bloc comprises nine Latin American and Caribbean nations: Venezuela, Cuba, Bolivia, Nicaragua, Dominica, Honduras, Ecuador, Saint Vincent and the Grenadines, and Antigua and Barbuda.
The currency is called the "sucre," and it is named after Jose Antonio de Sucre, who fought for independence from Spain alongside Venezuelan hero Simon Bolivar in the early nineteenth century. The bloc is the brainchild of Venezuelan President Hugo Chavez. His goal is to seek financial independence from America.
It was a busy week for new currencies because several Arab Gulf states have agreed to launch a single currency of their own. Saudi Arabia, Kuwait, Bahrain, and Qatar are to launch the first phase of the single currency in 2010, creating a Gulf Monetary Council that will evolve into a full-fledged central bank.
The Gulf currency--dubbed the ''gulfo''--is likely to track a global exchange basket and may ultimately float as a regional reserve currency. If the gulfo becomes the basis for oil contracts, it could even supplant the dollar as the world’s reserve currency.
"The U.S. dollar has failed. We need to delink," said Nahed Taher, chief executive of Bahrain 's Gulf One Investment Bank.
"The single currency should come last. We need to coordinate our economic policies and build up common infrastructure as a first step," said Bahrain 's foreign minister, Sheikh Khalid Bin Ahmad Al Kalifa.
The creation of a petro-currency will greatly increase the Arab world influence in the global exchange and capital markets. They control 40 percent of the world's proven oil reserves, and they have a combined gross domestic product of $1.2 trillion.
This new currency is an amazing feat for Arab states that have a well-deserved reputation for squabbling over trivial matters. One lingering example is that the United Arab Emirates is staying out for now because it's mad that the bank controlling the new currency will be located in Riyadh, at the insistence of Saudi Arabia's King Abdullah, rather than in Abu Dhabi .
China is already on record for calling for the creation of a new international currency that could replace the dollar. Chinese have been buying the first global currency--gold, and they now hold 1,054 metric tons of the yellow metal.
Of course, Europe has a perfect track record for how a global currency would work. All these newcomers and hopefuls are obviously reading off the blueprint established by the euro.
The villain to globalism has long been America’s economic dominance. Since World War II, the U.S. has had a strong financial influence over the whole globe, but it never sought to directly dictate the economic policies of every nation on earth. In order for globalists to move forward, the dollar needs to be supplanted. These new currencies may be what dooms the greenback to obscurity. America is deep in debt, and the dollar has lost much of its appeal as a safe reserve currency.
All this talk of regional and global currencies is perfect stage-setting for the economic system the Antichrist will use to spiritually enslave the world. By the time the Beast of Revelation arrives on the world stage, the majority of the heavy lifting may have already been accomplished. All he may need to do is tell people to line up to receive the mark.
"And he causes all, the small and the great, and the rich and the poor, and the free men and slaves, to be given a mark on their right hand or on their forehead, and he provides that no one can buy or to sell, except the one who has the mark, either the name of the beast or the number of his name" (Revelation 13:16-17).
-- Todd
When God Laughs
One can't help but sense the Creator's low-key laughter. Talk show host Rush Limbaugh said this past Thursday that God has a sense of humor and has shown it this week over Copenhagen, Denmark. My thought about Rush and his talk show is like the thought I once heard expressed by Jerry Falwell. He said that he likes what Rush says in many cases, but didn't always like the way he said it. I don't like God's great name being loosely bandied about, as secularists are prone to do. However, I must say that I am in total agreement in this case. The Lord God must indeed be expressing a low-key chuckle of displeasure above the Copenhagen global warming summit, while many leaders from around the world try to act as if they seek solutions to dangerous warming of the planet, as they view it in their flawed perception.
I say "act as if they seek solutions to global warming" because I believe they, more than anything else, seek to fleece the flocks of the globalist religion called environmentalism--Mother Earth worship. They have been partly successful in this endeavor--at least considering lip service. Secretary of State Hillary Clinton has pledged the U.S. administration's agreement to work with other wealthier nations to provide $100 billion annually to fund making the third-world nations environmentally clean. This insanity is proposed while America is trillions of dollars in debt that will never be repaid if the planet were to survive to produce a hundred more generations of taxpayers.
The fleecing is well underway, led by the likes of Prince Charles of Great Britain. The following news item frames the alarmists' message.
The world has only seven years before climate change causes a “point of crisis” that will drive food shortages, terrorism and poverty, the Prince of Wales has warned.Speaking at the opening ceremony of the ministerial segment of the Copenhagen climate conference, the Prince said the "survival of the species" was in peril.
The talks have been dogged by walk-outs and protests as the poor world becomes increasingly frustrated at the lack of refusal by richer countries to cut greenhouse gas emissions..."The future of mankind can be assured only if we rediscover ways in which to live as a part of nature, not apart from her," he said. "The grim reality is that our planet has reached a point of crisis and we have only seven years before we lose the levers of control." (Louise Gray, "Copenhagen Climate Summit: Prince Charles Warns Climate Change Will Drive Starvation and Terrorism," Telegraph, 12/16/09)
So, Prince Charles and the other gurus of globalism don't intend to lose the "levers of control." Pulling those levers has been former Vice President of the United States Al Gore's mission for years, while he jets about in his air yacht, spreading fear and leaving his carbon footprint above the nations of the world. It has been personally amusing to me over the months to hear even mainstream news journalists joking about how it seems that everywhere Gore travels preaching his radical environmentalism ideas, the weather has failed to cooperate. Inevitably, the weather has turned cooler wherever he has traveled. The Lord's sense of humor seems to be manifest again above the global warming summit.
Global warming will first face freezing weather as a blizzard dumped 10 centimeters (4 inches) of snow on the Danish capital overnight. "Temperatures will stay low at least the next three days," Henning Gisseloe, an official at Denmark ’s Meteorological Institute, said today by telephone, forecasting more snow in coming days. "There’s a good chance of a white Christmas."...Denmark has a maritime climate and milder winters than its Scandinavian neighbors. It hasn’t had a white Christmas for fourteen years, under the DMI’s definition, and only had seven last century. Temperatures today fell as low as minus 4 Celsius (25 Fahrenheit). (Christian Wienberg, "Blizzard Dumps Snow on Copenhagen as Leaders Battle Warming," Bloomberg, 12/17/09)
The Almighty's patience is being tested at every turn in these hubris-filled days of mankind demanding to do what is right in their own eyes. How long might it be before the Lord's longsuffering has reached its limits?
It is interesting, don't you think, that Prince Charles has stipulated that man has only seven years to save the planet? Bible prophecy forewarns of a coming time when the Lord will lose His sense of humor over man's incessant defiance of His prescription for conducting life on the planet He created.
Why do the heathen rage, and the people imagine a vain thing? The kings of the earth set themselves, and the rulers take counsel together, against the LORD, and against his anointed, saying, Let us break their bands asunder, and cast away their cords from us. He that sitteth in the heavens shall laugh: the Lord shall have them in derision. Then shall he speak unto them in his wrath, and vex them in his sore displeasure. Yet have I set my king upon my holy hill of Zion. I will declare the decree: the LORD hath said unto me, Thou art my Son; this day have I begotten thee. Ask of me, and I shall give thee the heathen for thine inheritance, and the uttermost parts of the earth for thy possession. Thou shalt break them with a rod of iron; thou shalt dash them in pieces like a potter's vessel." (Psalm 2:1-9)
--- Terry
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