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European Central Bank Member: “Tri-Polar” Currency Will Emerge
- Text size
Jonathan Tirone
Bloomberg
October 19, 2008
European Central Bank council member Ewald Nowotny said a “tri-polar” global currency system is developing between Asia, Europe and the U.S. and that he’s skeptical the U.S. dollar’s centrality can be revived.
- A d v e r t i s e m e n t
“What I see is a system where we have more centers of gravity” Nowotny said today in an interview with Austrian state broadcaster ORF-TV. “I see for the future a tri-polar development, and I don’t think that there will be fixed exchange rates between these poles.”
The leaders of the U.S., France and the European Commission will ask other world leaders to join in a series of summits on the global financial crisis beginning in the U.S. soon after the Nov. 4 presidential election, President George W. Bush, French President Nicolas Sarkozy and European Commission President Jose Barroso said in a joint statement yesterday.
Nowotny said he was “skeptical” when asked whether the Bretton Woods System of monetary policy, set up after World War II and revised in 1971, could be revived to aid global currency stability. The U.S. meeting should aim to strengthen financial regulation, define bank capital ratios and review the role of debt-rating agencies.
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October 19th, 2008 at 12:26 pm
http://www.aniboom.com/video/2.....ound-bomb/
October 19th, 2008 at 12:27 pm
the dollar will crash to further their agenda. Invest elsewhere and learn proper natural health care
http://www.curecabinet.com
October 19th, 2008 at 12:29 pm
“Well John, ……… we can’t have you running around out there, wasting friendly civilians!”
“There are no friendly civilians!” ……….. John Rambo.
October 19th, 2008 at 12:36 pm
Now we can see a new world coming into view, a world in where there is a real prospect of a New World Order, a world where the rule of law, not the law of the jungle, governs the conduct of nations, when we are succesful, and we will be….
October 19th, 2008 at 12:47 pm
The German Luciferians are behind this….first they tried to kill all the poor jews…now this…
—
October 19th, 2008 at 1:05 pm
Vote Chuck Baldwin in 2008.
A third party vote is not a wasted vote. A wasted vote is one who votes for the Globalists.
For more information watch : http://www.youtube.com/watch?v=JJSNOvk3d8Y
To find out more about Chuck Baldwin, visit http://www.baldwin08.com.
October 19th, 2008 at 1:08 pm
Roll out the Red Carpet, here comes the AMERO!
Oh, wait, they’re SKIPPING THAT and going DIRECTLY TO WORLD CURRENCY.
Yuck!
-Freedom Forever-
Tyranny, NEVER!
October 19th, 2008 at 1:09 pm
There are people who have been saying this would happen twenty and thirty years ago. Its nice people are waking up now, but we can blame no one but ourselfs for this.
October 19th, 2008 at 1:18 pm
A new tri-polar currency would give the Federal Reserve an opportunity to seize financial power from the common man all over again but on a much wider scale. The elites can only achieve the NWO with consent by instituting it incrementally and this is what they are doing. If they will be allowed to dictate financial laws that affect multiple countries, they will need new organizations to ensure that those laws are enforced. Suddenly, through the back door you have a law enforcement organization that oversees many countries simultaneously. They first need an excuse to develop the NWO framework — the fear of the masses (problem>reaction>solution, all propagated and premeditated). It will be said that this framework is designed to oversee cryptic financial laws that are no immediate concern to the public and nothing else, but once it is built and quietly obeyed the next steps will be taken to convert it into a body that enforces other types of laws. I don’t think people are fully grasping the implications here — the potential to enforce total world government is augmented by the combination of otherwise sovereign markets. The new regulations and regulatory bodies that go along with that combination are the true goal of the NWO agenda — the grassroots of global government.
October 19th, 2008 at 1:31 pm
moved right past the nau and the amero straight to a global currency…….
nice move……
October 19th, 2008 at 2:04 pm
Are you concerned about what is happening at your doorsteps? If so, then be wise enough to EDUCATE OTHERS of what is really going on…many will thank you for your deligence. Peace.
October 19th, 2008 at 2:06 pm
This is the jumping off point for the Amero and ultimately a world currency, but dont expect it to happen overnight. First they will lay the groundwork for this with new financial laws and international regulatory agencies to oversee them. Don’t forget that the EU started out as a regulatory body to fix the cost of coal shipments throughout Europe that evolved into a common market, then economic union, and now a pan-European government. This is the model they will follow only faster. Ten years from now as we look back we will see the significance of 2008 and the changes it spurred, and the freedom we lost because of it.
October 19th, 2008 at 2:08 pm
Orwell’s 1984 continues to materialize right before our eyes.
October 19th, 2008 at 2:20 pm
And the new currency will be shaped like this /\ (pyramid with 3 sides). So more worthless currency in Globalist form eh? Meanwhile, has anyone followed up on the $800 billion in Ameros printed in Denver and paid to The Development Bank of China towards the US multi-trillion dollar debt to China? Just wondering.
October 19th, 2008 at 4:22 pm
Actually most people conduct transactions electronically. Say I use my American Express card in Italy, they just do a lira to dollar conversion and charge it in dollars. I guess one could say that we already have an electronic global currency sorta. A lot of this is just a scheme to create a global standard to enrich a small percent at the expense of the vast majorities. imho. The idea of using paper currency is good for certain transfers.. most people do debit or credit. Which is how things got into the current mess.. those who used credit wildly and then became the slaves of the Bankstas.
October 19th, 2008 at 5:30 pm
You think they could’ve used a different title. Tri-polar.WTF.
October 19th, 2008 at 6:23 pm
#16 dan That is what the whole feud is about. Russia wants nothing to do with any global currency and China is in the position where they feel they will be massively ripped off on loans and think the US could easily default. The dollar remains the international standard. The Russians are not about to give up the Ruble period.
The Arabs, especially Saudis and the OPEC cartel feel they will see nothing but rampant deflation of the dollar just as they have been reeling from a hyperinflationary cycle. OK, for the End Time people, and the Mark of The Beast prophecy. I know you all think this one world beast marker is almost here.
Meanwhile, nations and regions are really ticked off, especially at the US which they see as being totally irresponsible in monetary practice. Arabs want to increase the price in oil now that the speculation bubble has been burst and they are feeling the hit. Frankly, the whole thing is one big mess. Lots of economies have been hit badly and will be. It is not all the fault of the US but then they just point out the Iraq/Afghanistan debacle and they sure have not gotten over it.
It would be interesting to see if you can get all world regions at a table to agree about anything, especially debt owed and the US running amok. It is amusing that at the same time the world is sposed to be ushering in the New Order, most nations look at the US and say, “We want a divorce!” but for the time being we will accept dollars for the large part as the method of payment. The reason for the global recession is that there is less trust and faith in the flooding dollar and Russia is on the rise. Note to Obama: fix this! The Obama dollar, backed by the faith (with large engraved image of Warren Buffet) and trust placed in THE ONE! This is getting intense. No one is ever content. World to US is mostly like this: OK we will wait and see what Obama does. If it stays the same on a global economic level, they will be giving the US the big middle finger. Meanwhile theft continues.
October 19th, 2008 at 7:49 pm
My comment is awaiting moderation?
What is that about?
I’ve never noticed that before.
October 19th, 2008 at 7:54 pm
(In an attempt to avoid “moderatoration.”
Bloomberg is about 12 years LATE on this story.
Google: “The dollar’s role under threat.” and “allbusiness” Published in 1996.
“As the euro emerges as a serious challenger to the dollar, the Asian bloc, led by Japan, is increasingly likely to push for its own currency arrangement. The exact form that this might take is open to question, but the clear message is that the dollar is under threat as the world increasingly moves to a more balanced TRI-POLAR CURRENCY (capped for effect) system. ”
And how about this gem. Date unknown.
Google “EMU in a TRI-POLAR CURRENCY World: A Comparative Look at Policy-making in Major Currency Areas” (a friekin’ PDF)
This is a MUST READ. It outlines plans to require the EU to implement policies in an effort to establish a NEEDED tri=polar currency system. I almost poohed when I read it. According to them, the US and Japan are already set up for it, but the EU countries need to make changes.
Enjoy. Apperantly, they’ve been discussing this for over a decade now. The “TRI-POLAR CURRENCY.”
Re-tried without the links to attempt to avoid the “moderation” requirement. Thanks for the tolerance.
October 20th, 2008 at 12:49 am
Why couldn’t it be Bi-polar with a picture of a big fat pumpkin-head on it?
Lol /jk Alex, man that was funny!
October 20th, 2008 at 6:19 am
BOYKOTT U B S
Nach Versagen auf der ganzen Linie, kann die Inkompetenz und arroganz dieser Abzockerbande zu Lasten der Allgemeinheit nur durch einen
Total Boykott der UBS von allen Privaten und Geschäftskunden bestraft werden. Dieses Verhalten akzeptieren wir Schweizer nicht.
Die Parteien seien auch gewarnt – ihr müsst Euch ja der Wahl stellen, also hütet Euch.
Keine Geschäftsbeziehungen mit der UBS mehr.
October 20th, 2008 at 12:46 pm
Are you bending over … in the “correct” position America, to kiss it goodbye?
October 20th, 2008 at 7:21 pm
Tri-polar? Hell, I was diagnosed as bi-polar and had to take drugs. What do these folks have to take to correct their behaviour?
October 21st, 2008 at 5:56 am
Are you intentionally misquoting this guy? He said a “tri-polar currency SYSTEM” with no fixed rate between them. Your headline makes it sound like currencies are being unified when in fact Nowotny is saying just the opposite. Not sure what sort of point your trying to make there.