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BANCOR: New GLOBAL CURRENCY the IMF is Proposing...

Well, you can just bet that when THIS currency (whatever they call it) comes online, not only will ALL national sovereignty worldwide be a thing of the past, but there will be No Audit of the FED (no surprise), ALL banks in Europe and probably other parts of the world will be 'bailed out', any bank claims which may have been made against the Vatican for pedophilia, looting of Nazi Gold or the Gold at Ft. Knox will be quickly and quietly Dismissed, because WHO was calling for a "New World Financial Order" with "real teeth" just over a year ago in his Encyclical, "Caritas in Veritate"? (if interested see last LINK at the bottom)...

Bancor
:
The Name Of The Global Currency That A Shocking IMF Report Is Proposing


[snip]

Sometimes there are things that are so shocking that you just do not want to report them unless they can be completely and totally documented.  Over the past few years, there have been many rumors about a coming global currency, but at times it has been difficult to pin down evidence that plans for such a currency are actually in the works.  Not anymore.  A paper entitled "Reserve Accumulation and International Monetary Stability" by the Strategy, Policy and Review Department of the IMF recommends that the world adopt a global currency called the "Bancor" and that a global central bank be established to administer that currency.  The report is dated April 13, 2010 and a full copy can be read here.  Unfortunately this is not hype and it is not a rumor.  This is a very serious proposal in an official document from one of the mega-powerful institutions that is actually running the world economy.  Anyone who follows the IMF knows that what the IMF wants, the IMF usually gets.  So could a global currency known as the "Bancor" be on the horizon?  That is now a legitimate question...

The bancor was a World Currency Unit of clearing that was proposed by John Maynard Keynes, as leader of the British delegation and chairman of the World Bank commission, in the negotiations that established the Bretton Woods system, but has not been implemented...

So who would print and administer the "Bancor"?


Well, a global central bank of course.  It would be something like the Federal Reserve, only completely outside the control of any particular national government...

In fact, at one point the IMF report specifically compares the proposed global central bank to the Federal Reserve...

The truth is that a global currency (whether it be called the "Bancor" or given a different name entirely) would be a major blow to national sovereignty and would represent a major move towards global government...

Considering how disastrous the Federal Reserve system and other central banking systems around the world have been, why would anyone suggest that we go to a global central banking system modeled after the Federal Reserve?

...there are some very powerful interests that are absolutely determined to create a global currency and a global central bank for the global economy that we now live in...

LINK:
Bancor: The Name Of The Global Currency That A Shocking IMF Report Is Proposing
http://theeconomiccollapseblog.com/archives/bancor-the-name-of-the-global-currency-a-shocking-imf-report-urges-the-world-to-adopt

Pope Calls for New Financial Order With ‘Real Teeth’
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aUK_q1tvHrEc

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