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Posts Tagged ‘IMF’

The new world order is coming.  The pieces are falling into place.

Evil is the only word I can use to describe Soros.  It is amazing the influence this man has with groups and governments around the world.  Everywhere you turn, there is another Soros funded group, it is insane…  He is working to bring about the change outlined in Revelation.

Revelation 17:12-14 (NIV) – 12 “The ten horns you saw are ten kings who have not yet received a kingdom, but who for one hour will receive authority as kings along with the beast. 13 They have one purpose and will give their power and authority to the beast. 14 They will wage war against the Lamb, but the Lamb will triumph over them because he is Lord of lords and King of kings—and with him will be his called, chosen and faithful followers.”

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Looming Soros Conference Will Focus on Rearranging Global ‘Financial Order’

On April 8, dozens of “academic, business and government policy thought leaders” are scheduled to gather for a forum reminiscent of the 1944 Bretton Woods gathering that helped launch the World Bank and International Monetary Fund following World War II.

The George Soros-founded Institute for New Economic Thinking will hold its annual conference April 8-11, 2011 at the Mount Washington Hotel in Bretton Woods, N.H.  According to the group’s website, the event will bring together economic figures such as Soros, former British Prime Minister Gordon Brown and former Fed Chairman Paul Volcker to discuss a new, globalized vision of economics in the post-war world.

“This conference reflects INET’s dedication to inspiring and provoking new economic thinking,” the website says.

“Crisis and trauma offer us a rare opportunity to work together to create real lasting change.  This is one of those times,” INET says.  Promoting “real” justice and equity requires “reinventing” the prevailing economic model — capitalism:

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Somewhat under the radar but still visible if one looks, the world is positioning itself to drop the dollar and move to a new single world currency.  I think that is what Jesus meant when he said be watchful.

Revelation 13:17 – “…so that they could not buy or sell unless they had the mark, …”

Most of us today are so distracted, there are more time killers today than anytime in history.  Not even 100 years ago, people spent the majority of their time working for just the basics, today we have so much free time, we often hear of people being bored.  Or if not, they continuously have to one up themselves to keep themselves engaged.

It is really sad that most people probably don’t even know what the IMF is, let alone a SDR.  Until a few years ago, I did not either, but I had an awakening, it dropped the scales from my eyes and let me see all that was going on around us.  It is all in plain view, you just have to look for it and but a few puzzle pieces together.

It was this awakening that led me to start this site, so that I could try to wake others up as well.  It is not something you can do in one or even two conversations, so I hope this website can help tie some of the pieces (events) together for you.  Ultimately, they all tie back to God’s prophecy.  Once you see it, you will be amazed that you did not see it before.

Terry does a good job in the following article laying out what has been forming over the last few years on the front of an end-times monetary system.  It has accelerated in the last year or two as America slowing crashes from our over-extension spending binge.

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Blueprint for End-Times Monetary System

Feb 21, 2011

International Monetary Fund (IMF) officials recently let it be known the direction of their thinking for solving the growing economic crises facing the nations of earth. Their cogitations, it is no surprise to those of us who view ongoing developments from the perspective of Bible prophecy, include two basic elements: 1) They want a single monetary unit; and 2) they want to make it electronic currency. Special Drawing Rights–SDR–represents a synthetic electronic basket of currencies. This system has been around for many years, but now, enhanced by tremendous advances in technology, is viewed by the powers that be as representing a genuine device to take down the American dollar and establish a monetary device that can power the much-desired New World Order.

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Amazing the plan is revealed, now it is just a matter of timing, which I feel is accelerating…

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

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.

So where in the world did the name “Bancor” come from?  Well, it turns out that “Bancor” is the name of a hypothetical world currency unit once suggested by John Maynard Keynes.  Keynes was a world famous British economist who headed the World Banking Commission that created the IMF during the Breton Woods negotiations.

The Wikipedia entry for “Bancor” puts it this way….

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.

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More demands for a one world currency, this time from 420 banks…

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420 banks demand 1-world currency

The Institute of International Finance, a group that represents 420 of the world’s largest banks and finance houses, has issued yet another call for a one-world global currency, Jerome Corsi’s Red Alert reports.

“A core group of the world’s leading economies need to come together and hammer out an understanding,” Charles Dallara, the Institute of International Finance’s managing director, told the Financial Times.

An IIF policy letter authored by Dallara and dated Oct. 4 made clear that global currency coordination was needed, in the group’s view, to prevent a looming currency war.

“The narrowly focused unilateral and bilateral policy actions seen in recent months – including many proposed and actual measures on trade, currency intervention and monetary policy – have contributed to worsening underlying macroeconomic imbalances,” Dallara wrote. “They have also led to growing protectionist pressures as countries scramble for export markets as a source of growth.”

Dallard encouraged a return to the G-20 commitment to utilize International Monetary Fund special drawing rights to create an international one-world currency alternative to the U.S. dollar as a new standard of foreign-exchange reserves.

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More global currency and economic talk…keep your eye on the IMF…a lot of headlines recently surrounding them.

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Geithner urges greater IMF role in currencies

WASHINGTON (AP) – Treasury Secretary Timothy Geithner is urging the International Monetary Fund to play a bigger role in monitoring how countries manage their currencies.

Geithner told the IMF’s top policy committee on Saturday that the 187-nation lending institution must speak more forcefully about exchange rate policies.

Geithner’s remarks are the latest effort by the United States to bring more pressure on China to allow its currency to rise in value against the dollar. American manufacturers believe China is unfairly manipulating its currency to gain trade advantages.

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Click on the article title for a link to full original referenced article.

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Through all the chaos, economically, it looks like China is flexing its muscle a bit…

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Chinese leader urges EU to give up more IMF power

EUOBSERVER / BRUSSELS – Chinese Premier Wen Jiabao has hinted that Europe may need to sweeten its offer on reforming the International Monetary Fund before a deal can be agreed next month.

The issue was one of several topics to be addressed by Asian and EU leaders (ASEM) meeting in Brussels on Monday (4 October) as part of a two-day session of talks, with an ongoing territorial row between China and Japan adding spice to the atmosphere.

Mr Wen Jiabao (third from left) and other leaders at the ASEM summit (Photo: Belgian presidency)

The EU last week offered to reduce its number of seats on the board of the IMF. Developing nations have criticised the slow pace of reform at the international lending organisation, whose structure has changed little since its set-up in 1945.

European countries currently hold eight of the board’s 24 seats, with another chair revolving between European and non-European directors. This has led to a gross over-representation of the region in recent times, even as developing countries increase their share of global GDP.

EU finance ministers agreed last Friday to share two of the continent’s eight executive-director seats on a rotating basis with emerging nations, but the offer does not appear to have met with China’s approval.

“We need to improve the decision-making process and mechanisms of the international financial institutions,” Mr Wen told his Asian and European counterparts in Brussels. The Chinese leader added that there was a need to “increase the representation and voice of developing countries, encourage wider participation and fully accommodate each other’s interests and concerns”.

A South Korean official, whose country is set to host the next G20 leaders’ meeting in November where the matter is set to be finalised, welcomed the European offer as an improvement however.

“I think the fact that Europeans show flexibility and willingness to negotiate is an important advancement,” Changyong Rhee, head of the committee preparing the G20 meeting, told journalists.

China-Japan dispute comes to Brussels

With no bilateral meeting currently scheduled between Mr Wen and Japanese Prime Minister Naoto Kan, all eyes attentively followed the two individuals to see if they would talk in the margins of the event.

But the game of diplomatic tip-toeing did not prevent Mr Kan from holding a short bi-lateral with European Council President Herman Van Rompuy, during which he secured the Belgian politician’s signature on his recently published book of haiku poetry, a style of Japanese verse famous for its brevity.

“Different colours,/tongues, towers and gods./I search my way,” one of the verses, about Brussels, says.

Elsewhere in the sidelines of the summit, Japanese officials were discretely explaining their side of the dispute with China, which centers on a group of islands located to the north-east of Taiwan.

Japan says its ownership of the islands dates back to the late 19th century, while Chinese interest dates to the 1970s when exploitation of oil deposits on the East China Sea’s continental shelf started.

Another thorny issue, the value of China’s renminbi currency, is set to be discussed by EU and Chinese officials on Tuesday morning.

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More global news on our economies.  It is amazing to me the different picture that is being painted now.  There are many reasons proposed for why it is just coming out now, I would rather focus on what is the real picture, how does it look through the third lens of scripture, and how does God want us to prepare/handle the circumstance.

It is a very eye-opening article, especially to those just now waking up.  This is all leading us to one world economy/currency.  We are seeing all global fiat currencies struggling, unrest is rising, along with unemployment.  It is very important to keep an eye on Spain and Ireland as they seem to be just ahead of us on the slide…

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IMF Warns Western Economies Mired in ‘Near Depression’

A new report by the International Monetary Fund paints a brutally grim picture of the global economic outlook, warning that continued European belt-tightening combined with possible deficit-cutting in the United States could lead to a global double-dip recession.

Ambrose Evans-Pritchard, international business editor of the Daily Telegraph newspaper, wrote that the report suggests Western economies are stuck in a “near depression.”

In the near term, the report suggested, nations seeking to stabilize their economies by cutting their budgets will only make the global economy worse.

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