myBlessedHope

This will be our downfall as a nation.  How did we get suckered into this scam?  We will print money to support it which will lead to the downfall of the US dollar and eventually to one world government.  Very Sad!

http://video.foxnews.com/v/4303674/beck-bankrupted-by-the-pension-pyramid/

Frank laid out an amazing summary of what is coming from the IMF.  We are headed to a single global currency.  There are many others calling for this as well.  As our Dollar and the Euro continue to stumble, pressure will increase to move away from them.  This could accelerate with another “event”, like the crash a year ago.  Listen to the video summary by Frank where he goes over this topic and the documents linked below.

“A newly published IMF strategy document calls for the implementation of a global currency, called the “bancor”, to stabilize the international monetary system, while acknowledging that only a monumental shift toward acceptance of globalism will make it possible in the short term.

The IMF blueprint, authored by Reza Moghadam, director of the IMF’s strategy, policy and review department, has stayed under the radar for three months.

However, an article on the Financial Times blog alphaville, entitled IMF blueprint for a global currency – yes really, today highlights the document and the clear strategy of the global financial body.

“…in the eyes of the IMF at least, the best way to ensure the stability of the international monetary system (post crisis) is actually by launching a global currency.” Izabella Kaminska notes.

“And that, the IMF says, is largely because sovereigns — as they stand — cannot be trusted to redistribute surplus reserves, or battle their deficits, themselves.”

A chart within the document, innocuously titled Reserve Accumulation and International Monetary Stability (PDF link), presents a stepping stone system toward a fully fledged global currency:

Beginning with a vague recommendation for “voluntary policy adjustments” to be adopted by member states, the chart moves through more and more draconian economic policies toward a long term endgame of a global currency.

The chart also plots “potential resistance” to each stepping stone from sovereign states, with a spike in the short term, followed by a lull, and then a general rise as the move toward a global currency progresses over time.

The IMF’s road to a global currency hinges on a wider use of and eventual implementation of an international monetary system based on special drawing rights (SDR), the IMF’s synthetic paper currency.

Once an SDR-based system is in place, the IMF envisages just one final step to the launch of a new global currency.

The document even gives the global currency a name, the “bancor” after John Maynard Keynes’ proposed, but never implemented, World Currency Unit of clearing.

The following section of the IMF document highlights this:

48. From SDR to bancor. A limitation of the SDR as discussed previously is that it is not a currency. Both the SDR and SDR-denominated instruments need to be converted eventually to a national currency for most payments or interventions in foreign exchange markets, which adds to cumbersome use in transactions.

And though an SDR-based system would move away from a dominant national currency, the SDR’s value remains heavily linked to the conditions and performance of the major component countries. A more ambitious reform option would be to build on the previous ideas and develop, over time, a global currency. Called, for example, bancor in honor of Keynes, such a currency could be used as a medium of exchange—an “outside money” in contrast to the SDR which remains an “inside money”.

Below is a photo I took from the International Monetary Fund Document item # 48

Moving on, when you read the rest of the report from Alex Jones, which I checked out from the original report from the April 13, 2010 IMF document it does say what Alex wrote about, and I have some more photos from the IMF doc for you.

“The document concludes that without a catalyst to create a sudden clamour for globalism, the implementation of a global currency will take time:

It is understood that some of the ideas discussed are unlikely to materialize in the foreseeable future absent a dramatic shift in appetite for international cooperation.

The IMF first touted the possibility of a new global currency in March of last year. The issue was then debated at the G20 Summit in London just days later.

• in Point 19 of the communiqué issued by the G20 leaders led to analysts describing the dawn of a “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,” The clause stated.

“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.” Ambrose Evans-Pritchard of the London Telegraph wrote at the time.

“The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity.” he added.

The same conclusion was drawn by the Washington Post’s Anthony Faiola, who described how the IMF is on course to be transformed into “a veritable United Nations for the global economy

http://ftalphaville.ft.com/blog/2010/08/04/306346/imf-blueprint-for-a-global-currency-yes-really/

http://www.imf.org/external/np/pp/eng/2010/041310.pdf

http://www.washingtonpost.com/wp-dyn/content/article/2009/04/19/AR2009041902242.html?hpid=topnews

Below you will find more news about leaders pushing for a global currency.

Nazarbaev Circulates His Currency Vision

“Kazakh President Nursultan Nazarbaev has been stumping hard for the “akmetal.”

July 29, 2010

Kazakh President Nursultan Nazarbaev appears keen to introduce a common global currency. One way or another.  “I continue to insist that the new global economy requires a new global currency,” Nararbaev said during a recent economic forum in the Kazakh capital, Astana. He also “continued to insist” on the topic during an informal meeting of the OSCE Foreign Ministers in Almaty earlier this month.  In his article, “Keys To The Crisis,” published in the Russian newspaper “Rossiiskaya gazeta” in February 2009, Nazarbaev suggested that a common currency could help lead the world out of financial turmoil.  Nazarbaev has suggested calling it the “akmetal,” a word coined from the Greek “acme” — meaning “supreme” or “best” — and “capital.”  The Kazakh president says that with the akmetal firmly in place, the term “akmetalism” could eventually replace “capitalism” to describe the world’s dominant economic system.  In the past, he has suggested the creation of a common currency for the Eurasian Economic Community, a regional treaty comprising six former Soviet countries — Russia, Belarus, and the Central Asian republics sans Turkmenistan.  Nazarbaev is by no means the first advocate of such a scheme. In the 1940s, leading British economist John Maynard Keynes suggested the creation of a common currency along with a world central bank and an international clearing union to manage it. He wanted to call the common currency the “bancor.” Keynes’ bancor never materialized, but his idea for world financial institutions eventually led to the creation of the so-called Bretton Woods institutions: the World Bank and the International Monetary Fund.  So, despite an apparent lack of supporters for the akmetal, don’t kill Nazarbaev’s idea just yet. Leave it to future economists and akmetalists to decide.”

http://www.google.com/imgres?imgurl=http://gdb.rferl.org/C77196B7-B3E6-48DF-B7BC-5C923F354455_mw800_mh600_s.jpg&imgrefurl=http://www.rferl.org/content/Nazarbaev_Circulates_His_Currency_Vision/2112888.html&usg=__4LErIgl0dTB4eZC2BpR8RB5jShM=&h=600&w=800&sz=92&hl=en&start=12&sig2=WCFFZv1r5ZnwZ43K7R3Vpw&um=1&itbs=1&tbnid=56GMCsOSV1L-aM:&tbnh=107&tbnw=143&prev=/images%3Fq%3Dbancor%2Bcurrency%26um%3D1%26hl%3Den%26sa%3DN%26rlz%3D1W1WDIA_en%26tbs%3Disch:1&ei=UedZTOsUiuSxA6yM2c0K

Good set of articles and commentary by Frank DiMora on the initial steps needed to lead us to the end times payment system…

Link to Frank’s Site for full days postings:  Contactless Payment System and more…

Prophecy Sign: Revelation 13:16-17 Here Jesus warned us under the Antichrist no one will be able to buy or sell anything unless you worship the Antichrist. Here is one more step leading us in that direction

Why contactless payment paves the way for a cashless society

Jul 19, 2010

Related Links

• Why value will be key to Barclaycard new Freedom loyalty scheme
• Why new financial market entrants will force improved accountability

Stuart Neal, head of UK payment acceptance at Barclaycard speaks about developments in the payments industry.

Whilst we’re all familiar with chip and pin, another payment technology has been growing in popularity. It is estimated that over 9.6 million[1] contactless-capable cards have been issued by card providers in the UK, so around one in six cardholders already have a card that doesn’t require a pin to be entered for transactions under £15, simply a flash of a card on a reader.
A recent report from analysts, Datamonitor, has reignited the debate as to whether widespread use of contactless payment is just around the corner or some way off. Datamonitor has come down firmly on the side of ‘some way off’, arguing that until there is demand from consumers, retailers will not make the investment to go contactless.
Barclaycard and Barclays have taken a lead on contactless because we fundamentally believe that it, and the cashless society it heralds, is the future. Furthermore, contrary to Datamonitor’s report we believe that future is closer than they anticipate.
Forward thinking retailers such as EAT. and Prêt a Manger are already reaping the rewards: contactless credit and debit card terminals eliminate the need for cash for even small transactions, enabling retailers to speed up sales at the tills and to avoid the hassle of handling large quantities of money.

Barclaycard, along with Barclays, have 25,000 contactless terminals live and accepting payment across the country.
Nor are consumers being left behind. The Payments Council recently predicted that cash payments would account for fewer than half of all transactions within just five years, with consumers increasing the amount consumers spend with cards fourfold in the last decade[2].

Indeed, for retailers and consumers alike, cash is increasingly becoming more of a burden than a straightforward form of payment. The cost to retailers of processing it is huge, queues become uncontrollable as customers fumble for change in shops, and having to remember to get cash out from an ATM just becomes another thing to think about in consumers’ busy lives.
In response to the need for an easy and innovative replacement to cash, contactless payment in the UK has taken off in the past three years for low value purchases. Since September 2007, Barclays and Barclaycard have issued over eight million contactless-enabled cards, allowing customers to make transactions quicker and more easily.  As a result of the ease of payment, 61% of users find it preferable to using cash.[3]
Some retailers may worry that contactless could cost them more than cash. However, considering the hidden costs borne by retailers in handling, storing and banking cash, contactless could well prove a cheaper option overall. Smaller retailers will receive contactless capability automatically when their card reading hardware is periodically replaced. Large retailers will need upgraded terminals and software, but this can be done during a standard replacement or upgrade cycle, and nearly all EPoS software supports contactless.
Recently, we have seen other card providers begin to join Barclays and Barclaycard in providing a contactless service. In America, Canada and Australia, contactless is already used extensively, boosted by a transaction limit of $50.
Contactless is increasingly being seen as a way to cement relationships with customers and provide ownership of the customer journey – whether that is providing point-to-point in travel or over the course of several days at a festival.

Contactless has become widespread in Europe, with Italy and Turkey in the process of adapting their transport networks to accept contactless payment. In the UK, the system is rapidly growing in popularity with key retailers having announced their commitment to quicker queues and slicker transactions, and with a number of music festivals, such as Wireless, trailing the use of contactless technology.
Contactless speeds up transactions as it does not require a customer to enter a PIN or enter their card into a payment terminal. Once the card has been placed over the contactless terminal, the transaction uses secure technology to automatically add the purchase to the customer’s credit card bill or debit it from their current account.
As with all credit and debit cards, security is of paramount concern and as a result, contactless uses tried and tested, reliable payment technology. In addition, there is a £15 limit on single transactions and a card can only be used on multiple transactions using solely contactless payment a certain number of times before a customer is prompted for their PIN.

In the unlikely event of fraud, contactless debit and credit transactions benefit from the same 100% fraud guarantee as standard transactions.
Whilst the chip is currently inserted into cards, it is intended that by 2012 contactless mobile phones will be widely available allowing consumers to not only make purchases with greater ease but also keep a close eye on what they are spending through their phone.

Barclays and Barclaycard anticipate that in the next two years use of contactless payments systems will become widespread across multiple sectors.
Contactless is growing fast, with many credit and debit card providers issuing contactless-enabled cards as standard when a card comes up for renewal. The reality is that consumers are choosing not to use cash; that soon for more than half of purchases, cards will be used instead.

This provides a golden opportunity for retailers as it allows them to take advantage of innovative technology to provide customers with the smooth service they demand as it reduces costs. With 26,000 live terminals, contactless has grown quickly and the speed of that growth is increasing.

What’s more, contactless is set to play a key role in mobile banking, which, with its customer-centric focus, is the future.
Few technological developments are adopted by consumers as quickly as analysts would like, but contactless does now have momentum. Customers are increasingly aware as a result of successful marketing campaigns and larger retailers are beginning to take the plunge, having realised the hidden cost of spare change.

Barclaycard looks forward to others joining it in the cashless, contactless revolution, which is just around the corner.
[1] Source: http://www.contactless.info/Facts-and-Stats.asp
[2] http://www.paymentscouncil.org.uk/media_centre/press_releases_new/-/page/943/
[3] Source: 2008 US MasterCard PayPass Benchmark Study

http://www.utalkmarketing.com/pages/Article.aspx?ArticleID=18362&Title=Why_contactless_payment_paves_the_way_for_a_cashless_society