One World Currency (with addendum)

One World Currency

In this essay, I will be arguing against the use of a One World Currency; why it would be bad for everyone except bankers; how it will be brought in and how it will be made viable. I will also point out how all the strategies essential to its implementation have been employed before only not together and, lastly, how it has caused war in the past and will again in the very near future.

In the Forum section (link below in the right column) is the article “The Tower of Basel”by Ellen Brown. It gives a very brief but good history of the Bank for International Settlements (BIS) which is the driving force behind the campaign for a One World Currency (OWC). I highly recommend reading it before you progress further with this essay.

Still here? You want the bottom line now, right? OK, but read it after!

The most important part of Ellen Brown's article for my purposes is the following paragraphs which are highlighted in the forum version-

“BIS regulations serve only the single purpose of strengthening the international private banking system, even at the peril of national economies. . . . The IMF and the international banks regulated by the BIS are a team: the international banks lend recklessly to borrowers in emerging economies to create a foreign currency debt crisis, the IMF arrives as a carrier of monetary virus in the name of sound monetary policy, then the international banks come as vulture investors in the name of financial rescue to acquire national banks deemed capital inadequate and insolvent by the BIS.

Ironically, noted Liu, developing countries with their own natural resources did not actually need the foreign investment that trapped them in debt to outsiders:

Applying the State Theory of Money [which assumes that a sovereign nation has the power to issue its own money], any government can fund with its own currency all its domestic developmental needs to maintain full employment without inflation.”

The first paragraph clearly spells out that having anything to do with the world banking bodies is akin to national suicide. These bodies are entirely predatory. The second paragraph says that involvement with these bodies has been entirely unnecessary as each country has the ability to issue its own currency backed by its own resources, skills and production. These resources are owned by or are integral to the population as a whole in whichever nation we happen to be looking at. So long as someone holding that nation's currency (whether that person is residing in that particular country of outside of it) can exchange it for goods of intrinsic value, then that currency is valuable and viable. It needs no gold hidden in vaults anywhere to back it up.

There is another factor that gives a nation's currency value domestically and that is the demand for it imposed by the government that demands taxes and will only accept payment in “legal tender” i.e. the national currency. If you don't pay your taxes with this curency, ultimately, they will lock you up. So “you gotta get you some”. Pretty hard to argue with!

The leadership of every country in the world (except the Channel Island of Guernsey, as far as I know) (I have since determined that the list also includes Russia, China and Syriah, Ed) as either been corrupted or tricked into acquiescing to the practice of private banks issuing their currencies and pocketing the interest from it. Given that the entire Money Supply of most countries comes into being through loans from these banks, that's a lot of interest money. This gives enormous power to these banks (or bankers) who, conscious of their trickery, set about corrupting the whole fabric of society to gain control over it and ward off any possible challenge to their position.

If the sovereign Government issued the currency (out of the same thin air that the private banks use), they would have all the interest free capital they need to provide infrastructure and services. (Indeed, this is what the Australian Federal Government did in the very early part of the 20th Century). Interest charged to private borrowers would go towards funding services as well. It is quite possible to run a prosperous nation without taxes!

That is briefly how a currency is supposed to work. Government issued currency, managed well, leads to prosperity with little or no taxation and national independence. What's not to like?
Privately issued currency, which also leads to foreign loans from more private banks, leads to poverty, oppressive taxes and loss of sovereignty. With the loss of sovereignty comes the inevitable risk of involvement in foreign wars that have nothing to do with you. What's not to loathe?

If the drive to one world currency is resisted and should the resistance prove successful, it should immediately be followed with a campaign for a nationalized banking system to return the wealth to the people of the nation.

So that's what's wrong with a privately issued national currency. Does it apply to a One World Currency? Yes, indeed, and more. While there is a general loss of sovereignty within all countries (and it is much more than most people would like to think) there remains the possibility of it being regained by the populace of any particular nation. A nation that successfully financed itself would then be a shining example for others to follow. A global currency would take away that possibility or at least place it so far out of reach to make it virtually impossible. Thereafter, if a nation tried to establish its own currency, it would find it couldn't convert it to carry out foreign trade plus it would have the armies of the world surrounding it because the bankers would be in effective control of all the world's governments (and their armies) just as national banks are in control of national governments now. It just gets that much harder to have an economically just system.

So how are the “Powers That Be” going to bring in a One World Currency? Well, they've already started. They have had a trial run with the Euro for Western Europe which has no doubt provided useful lessons. It is interesting to note that Ireland boomed after it join the European Union with the injection of loan funds which increased the money supply and after they refused (twice) to adopt the Euro as their national currency, they now find themselves deep in recession; carrot and stick. This will be used more and more.

The current derivatives meltdown around the world is a necessary part of this plot to a One World Currency. The PTB get people to adopt unpalatable changes by first creating a problem or crisis and then presenting the change as the solution; “the medicine will taste better than the disease”, sort of thing; along with such platitudes as “Short term pain for long term gain”.

Anyway, you can read more about Stage One, "Into The Valley of Debt" here. It's not over either. There's more of stage one to come. All the trillions of dollars that have been created to “bail out the banks” will inevitably lead to inflation, probably massive. There's no escaping it. The mechanicism for that is explained in the above link. People (political shills) will call out for a stable one world currency and some countries will go for it. But not every country will be keen on it particularly if they know what's in store. So there's a need for something to provide value to and to enforce the adoption of this OWC by reluctant countries. China, for instance, might not be too keen to hear that this new currency will be backed up in part by their own resources yet they will have no say in the issuance of the currency nor share in part of the consequently massive profits. Nevermind the loss of control of their own economy.

I believe the proposed new currency will be backed by oil. The international bankers behind the BIS will not need to own the oil (though they own quite a lot through their oil companies). All they need is for the oil to be sold, and only sold, in exchange for their new currency. This will ensure an instant and massive demand for this currency. This sleight of hand requires the control of or agreement from the world's oil supplier countries. We already have a similar system in place in the world.

In the early seventies, OPEC was formed and then massively increased the price of oil over the following years. The major oil companies (and their client governments) rolled over without much fuss at all and accepted the new staus quo. There were no invasions. I remember being surprised at the time and the answer to the riddle came along in due course. The oil majors (who, remember, are owned by the major banking families) made a deal with the Saudis (and the other OPEC nations followed) to only sell their oil through the oil “bourses” in London and New York and the sales to be denominated in US dollars. This neat trick meant that the major banks could issue huge amounts of dollars (out of thin air) as loans to the value of the world's oil sales because everyone now needed to get the US$ before they could get the oil. This is how the US dollar was cemented in place as the reserve currency of the world. And this is how, too, they have been able to deliberately dismantle the US domestic economy over the last thirty years through globalisation (thank you Milton Freidman!) and not see the value of the US dollar plummet. This is how the US has financed its huge military buildup. It would have not been possible otherwise. It has been able to spend, spend, spend all this new found wealth from the interest gained from the vast loans as well as spending the money outright. It may take a while to get your head round this but, believe me, it really is as simple as its sounds.

Perhaps now you will see new meaning in Saddam Hussein's selling of oil in currencies other than the US$ which he started shortly before he (and all Iraqis) came to grief. This accounted for the timing of the war as well as its raison d'etre. Perhaps you will extend that new meaning to encompass Iran's decision to do likewise. Not only has this threatened the viability of the US's continued military dominance (it buys from all over the world with its currency backed by others oil), but just as importantly, it threatens the introduction and viability of their projected New World Order currency. This makes Iran target number one. If the US and these bankers can't control or own Iran's oil, they must, at least, stop them from selling it in anything other than $US for the moment and the OWC in the future. Bombing their oil fields and have the Iranians block the Straits of Hormuz in retaliation would achieve that just fine.

But that would be a temporary solution. What is needed really is complete control of Iran. This same scenario applies to Russia as well. The oil fields need to be under the international bankers control before the OWC can be introduced. Time is running out. This juggernaut has been put in motion and they cannot afford to stop it in mid stride for fear the whole plot, hatched over decades (if not longer), will collapse.

Here are two articles for added background and comment. The first is from Mike Whitney entitled, "Fragile Dollar Hegemony" and I aggree with him wholeheartedly.

The second is from William Engdahl (his website is here, lots of good stuff there) and has valuable background, though, I have some disagreement (apart from the major point of his article!). For instance,
“the status of the dollar as reserve currency depends on the status of the United States as the world’s unchallenged military superpower. In a sense, since August 1971 the dollar is no longer backed by gold. Instead, it is backed by F-16’s and MI Abrams battle tanks, operating in some 130 US bases around the world, defending liberty and the dollar.”

I believe he has this relationship exactly backwards as I argued further up in the essay.
Also, Engdahl quotes the former Director of the London International Petroleum Exchange, Chris Cook, as saying, “It is therefore with wry amusement that I have seen a myth being widely propagated on the Internet that the genesis of this "Iran bourse" project is a wish to subvert the US dollar by denominating oil pricing in euros.

’As anyone familiar with the Organization of Petroleum Exporting Countries will know, the denomination of oil sales in currencies other than the dollar is not a new subject, and as anyone familiar with economics will tell you, the denomination of oil sales is merely a transactional issue: what matters is in what assets (or, in the case of the United States, liabilities ) these proceeds are then invested.’

This is pure bullshit, as one might expect from someone in Cook's position. BTW, anytime you read, “as anyone familiar with (whatever) will tell you ...” suspect nonsense is being peddled. It's an oft used rhetorical ruse thrown at an uneducated audience (on the particular topic) to counter possible questions. I don't have space to elaborate further here on the above errors but I will answer any questions raised in the comments section.

So, to summarise, the world's international bankers, through owning the Bank for International Settlements and the US Federal Reserve, have been robbing the rest of the world blind ever since oil sales were denominated in US currency in the seventies. This grand theft has allowed them to build this massive military machine with which they are presently dominating the world. Further, they will use this war machine to intimidate the rest of the world into accepting an even more insidious currency, the One World or Global Currency from which it will be exceedingly difficult, indeed, to escape from. The pillaging will be massive and dominance will then be complete. The world will, indeed, "be their footstool". This is the bad news.

The good news is that if this juggernaut that has been launched now is delayed or sidetracked in any way, it will crash, I believe. If the approaching war with Iran in June is stymied, even temporarily, the bankers will miss their opportunity to use oil as the backing for their planned One World Currency and this will take away its viability. The current economic mess will be cleaned up in some other way other than instituting a global currency and maybe, just maybe, the truth will out and the bankers and their corruption of our societies will all start to collapse. Certainly, though, the world will have avoided massive death and destruction from yet another of their wars.
So spread the word!


Another way of seeing this whole issue of the One World Currency is to see it not so much as the introduction of a new currency but rather as the removal of alternate and competing national currencies (such as the Yen and Ruble, in fact, any other currency at all) to the US dollar, which is undeniably our present de facto global currency. Largely, it is just a name change because the same people (private international bankers – Rothschilds et. al.) will be issuing the new currency using the same backing, international oil sales, except now there won't be any alternatives to turn to. There will be no escape.

This changover from $US to $Global needs to be seemless. If the rest of the world starts using their own currencies in a major way in the meantime and see that it works just fine (in fact, better) then the spell will be broken. Everyone may well see that a Global or One World Currency is not only entirely unnecessary, but is (and always has been) a positive menace to world peace and prosperity. A universal currency is a necessary ingredient in establishing and maintaining an empire.

Currently, the $US is being collapsed in preparation for the changover. This has been set in motion and its course is set as the inevitable inflation reeks its damage. The bankers have their One World Currency ready in the wings to implement. BUT, they need control over the sale of ALL the oil to bring it in and to enforce its use. Any alternative to using the OWC to purchase oil will wreck it's viability and its enforcement. They don't have control of Iran's oil and Russia's oil sales yet and time is running out.

The financial meltdown has been years in gestation and once set in motion had a timing of its own. The bankers had planned on a world war before this. Lebanon in 2006 was supposed to provide the spark; the attack on Syria a year or so later, as well; then finally the attack on Gaza. None have worked. What I'm saying is that the global financial meltdown, the One World Currency and all the troubles in the Middle East and now Central Asia are intimately connected and there is a critical timeline involved. Upset that timeline through further delays in bringing all the worlds oil sales under the world bankers' control (either diplomatically or militarily) and their opportunity to switch seemlessly from $US to $Global will disappear.

The $US is imploding and it will be replaced with either nothing (best alternative) or a basket of currencies or the OWC. But this last one needs the control of the oil sales in place first, as I have argued. Hence, the urgency on the bankers part and also the opportunity on everybody else's part to scuttle the whole thing.


So then, soon,

the one-world currency will be water?

Yes, let's CHARGE for water!!!

Oh, wait...

Well then, let's throw people out of their homes so that AIG fancy-schmancies can have their exhorbitant bonuses?

Oh wait.

I think I get it now.

McJ's picture

Another great essay. Thanks

Another great essay. Thanks James!

"The good news is that if this juggernaut that has been launched now is delayed or sidetracked in any way, it will crash, I believe. If the approaching war with Iran in June is stymied, even temporarily, the bankers will miss their opportunity to use oil as the backing for their planned One World Currency and this will take away its viability."

Can you explain this a little more. Why June for war with Iran and why do you believe if it is delayed temporarily they will miss their opportunity?

Thanks smiling

"The most unpleasant truth in the long run is a far safer traveling companion than the most agreeable falsehood." Emerson

Timing of OWC and War

Perhaps I shouldn't have mentioned the timing issue both for the OWC and the coming war as they were part of the next and final installment. But I wanted to end on an up note and as it is looking less likely that I'll write the third piece, it all works out well.

I have answered the timing of the introduction of the OWC in an addendum to the essay. As for the timing of the war, well, I have you to blame for that! smiling You brought to our attention the fact that the israeli manouevers are due to start immediately after the war games in Georgia. The significance hit me immediately. As we know, Georgia is the choke point for the supply line for an invasion force into northern Iran. Turkey and Russia won't allow transit so that leaves Georgia via the Black Sea. And this is the point Russia will hit if Iran is attacked.

NATO claims the exercises will involve only 1100 - 1300 troops and no heavy equipment. But that's not the critical point. The fact that there will be 19 or 20 nations involved is the issue. Any conflict there with Russia and all these nations are immediately involved, whether they like it or not. These NATO countries think they are signing on for a wargame but their allies, israel and US, propose is to turn it into the real thing by provoking Russia with a no-win situation. And that no-win situation will be provided by israel through an attack on Iran. (They have fighter planes in northern Turkey plus access to US nuclear weapons stationed at the same place). All these NATO countries will find themselves in a trap sprung by their good friends israel and the US. It's nice to have allies like that .... not.

Israel will want to spring the trap while the NATO troops are in place so that means during or most likely directly after their manouevers. At the close is my bet when heavy equipment in the form of troop ships and escorts are in Black Sea (and using the evacuation of their troops as cover for their presence) and/or aircraft for the same purpose.

The israeli wargames are actually cover for the mobilisation for an inevitable conflict with Lebanon and Syria.

What would go a long way to preventing this unfolding is if somehow (perhaps throught the internet, who knows?!) all those NATO countries became aware of the agenda and withdrew from sending troops (token in number though they are) to Georgia. They are going to be offered up as sacrificial lambs to the god of war, as are the people of Georgia. I just hope Saakashvili is in Georgia if and when this whole thing lights up. Though, my guess is that he will be recalled to the US for "talks" just prior as his reward.

McJ's picture

China reveals big rise in gold reserves

China reveals big rise in gold reserves
By Jamil Anderlini in Beijing and Javier Blas in London
Published: April 24 2009 09:31 | Last updated: April 24 2009 19:06

China has quietly almost doubled its gold reserves to become the world’s fifth-biggest holder of the precious metal, it emerged on Friday, in a move that signals the revival of bullion after years of fading importance.

Gold rose to a three-week high of more than $910 an ounce after Hu Xiaolian, head of the secretive State Administration of Foreign Exchange, which manages the country’s $1,954bn in foreign exchange reserves, revealed China had 1,054 tonnes of gold, up from 600 tonnes in 2003.

The news could spark interest in gold among other central banks. “When the largest holder of foreign exchange reserves discloses an increase in gold holdings, other countries may decide to think more carefully about underweight gold positions,” said John Reade, a precious metals strategist at UBS.

The increase in China’s gold reserves has come primarily from domestic production and refining. However, the news raises questions about the future of Beijing’s foreign reserves policy.

Ahead of the G20 summit in London this month, China suggested global reliance on the US dollar as a reserve currency should be reduced.

More at link -

"The most unpleasant truth in the long run is a far safer traveling companion than the most agreeable falsehood." Emerson

Gold! Gold!! GOLD!!!

I suspected for a long time (10 years or so ) that the new global currency would be backed by gold. It has worked for them before. My suspicions were sparked when the Reserve Bank of Australia (which is government owned but follows instructions from the BIS!) sold off its gold reserves. I think, from memory, the central bank of Canada (also a govt bank and also takes its orders from the BIS) did the same thing thus leaving them vulnerable should a global currency backed by gold be instituted.
There is very likely something underhand going on with gold but I'm not sure what it is. It may well be that thye will use the "Backed by gold" pitch for the new global currency but what will actually back it and make it work is the tying of it to oil sales just as is happening now with the US$.
It is worthwhile noting that there is not a free market for gold. The price is set daily at a meeting of bankers in London who meet at the offices of . . . . wait for it . . . .. yes, N.M. Rothschild! Tra--Daaah!

China's purchase of gold may well be more to do with getting rid of soon to be worthless US dollars than accumulating gold for gold's sake. The reason they hung onto dollars for so long, I believe, is because they thought the US Fed would cause a global depression by shrinking the supply of dollars worldwide (the world's default Money Supply for trade) and hence access to oil. But that is pure speculation on my part and in any case the Fed have done the opposite by flooding the world with US dollars.
(Shrinking the Money Supply is the standard and time proven way to bring on a depression.)

I won't bother here

to talk about what we've done and are doing to mine for that precious, precious gold, but I will say this: WTF???

Let's rape for gold? Let's poison for gold? Let's kill for gold?

Hell, the gold standard? Hell, am I in HELL?


Great article , James, thank you. Makes you realise,(even more so) how it's all connected, empire, money ,military. Hope it doesn't happen, especially as it needs to have war with Iran to precipitate it.


Thanks Debbieanne. If you are able to make all those connections from my essay, then I've done well! smiling Seriously, though, that's very encouraging. The connection to a war on Iran is speculative on my part, but that's the way it makes most sense to me. But I hope I'm wrong.
Even if I'm right, though, it's still not a done deal. Anything can happen. Remember the US bomber that was all set to take off for the middle east a couple of years ago loaded with six nuclear weapons that was stopped by senior airforce officers? By my count, they've tried four times now to start WW3 and failed each time.

Thankyou James

smiling I'll be printing this one.

Pdf of (One World Currency)

read this Heres a link to a pdf of this article for printing.

Pdf-One World Currency


Thanks for the thanks, Sally, and thats a great idea about the pdf. Looks pretty professional! Hopefully, I will have time tomorrow to revisit and shorten the "Valley of Debt" essay.

McJ's picture

Israel planned to attack Iran on April 17

Israel planned to attack Iran on April 17: Debka
Fri, 24 Apr 2009 15:03:50 GMT

Iranian fighter jets await take-off. The warplanes had prepped to take part in the country's largest air drill on April 17, which was canceled due to severe dust storms.

Israel had planned to attack and "destroy" the bulk of the Iranian Air Force fleet during a maneuver on April 17, Israel's Debkafile claims.

"Israel was planning to destroy all 140 fighter-bombers concentrated at the Mehr-Abad Air Force base for an air show over Tehran on Iran's Army Day the following day," read the Debka report.

The air maneuver was cancelled due to severe and harsh weather conditions.

"Due to poor visibility and the appearance of dust storms (over the city), we were forced to cancel the drill for an optimal output," said Air Force commander Brigadier General Hassan Shah-Safi.

However, Debka, which has close links to the Israeli intelligence service Mossad, quoted intelligence sources as saying that the cancellation was announced after a tip-off from the Russians.

"Moscow had informed the Iranians that its spy satellites and intelligence sources had picked up preparations at Israeli Air Force bases to destroy the 140 warplanes, the bulk of the Iranian air force, on the ground the night before the display, leaving its nuclear sites without aerial defense," Debka sources insisted.

Israel, the sole possessor of a nuclear warhead in the Middle East -- according to former US President Jimmy Carter --, has long strived to portray Iran as a regime hell-bent on imminent nuclear war.

Under the claim and a warning that Iran could gain nuclear weapons within "months", Israel regularly threatens to wipe out Iranian nuclear infrastructure militarily.

Iran, a signatory to the nuclear Non-Proliferation Treaty (NPT), says its work is directed at the civilian applications of the technology.

The country, meanwhile, continues to prep its military for deterring threats such as those originating from Israel.

"The most unpleasant truth in the long run is a far safer traveling companion than the most agreeable falsehood." Emerson

McJ's picture

Israeli linked group planned Iran bombings before June election

Iran arrests group planning pre-vote bombings: radio
Sun Apr 26, 2009 9:30am EDT

TEHRAN (Reuters) - Iran has arrested a group of people linked to Israel who were planning bombings ahead of the Islamic Republic's June presidential election, the intelligence minister was quoted as saying on Sunday.

State radio, citing Intelligence Minister Gholamhossein Mohseni-Ejei, did not say how many people had been arrested or give any other details.

Iran often accuses Israel and the United States, its two arch foes, of seeking to undermine the Islamic state. Last year, an Iranian businessman was hanged after he was convicted of spying on the military for the Jewish state.

"A group of deceived elements ... who wanted to carry out explosions, particularly before the June election, was arrested," Mohseni-Ejei said, according to the radio report.

He said they were "related to the Zionists." Iran often refers to Israel as the "Zionist regime."

President Mahmoud Ahmadinejad, who last week prompted a walk-out at a U.N. meeting on race in Geneva after he branded Israel a racist state, is expected to run for a second four-year term in the June 12 election.

Former Prime Minister Mirhossein Mousavi, who advocates detente with the West, is expected to be Ahmadinejad's main moderate challenger in the presidency race.

Earlier in April, Iran executed three people convicted of being involved in the bombing of a mosque which killed 14 Iranians in the southern city of Shiraz in 2007.

Tehran had accused the United States of arming and training those behind the blast and said Britain and Israel were also involved. Washington and London have denied Iran's accusations.

(Reporting by Parisa Hafezi; writing by Fredrik Dahl; editing by Richard Williams)

"The most unpleasant truth in the long run is a far safer traveling companion than the most agreeable falsehood." Emerson

McJ's picture

Thanks James for all your

Thanks James for all your informative clarification! You appear to be 'on-target' with a June start for war with Iran. I'm still not getting why a delay in attacking Iran (and therefore gaining control of their oil) would foil the plan for a one world currency. Is it because the delay risks exposing the banksters or because countries may opt for different solutions therefore foiling the plan? I'm also not understanding why China is pushing for SDRs. Is this whispering in their ear - because if I'm understanding this right one world currency will cause them to lose control of their economy along with the rest of us?

I have read a number of articles on the Mark to Market rule (which was recently relaxed) and it's role in precipitating this crisis. FAS157 was issued November 15,2007 by the SEC and FASB requiring the banks to mark to market instead of mark to model as previously calculated since the inception of FASB. This rule appears to work great for companies on the upswing (allowing them to over inflate their assests) but is disastrous on the down swing when they have to write down their assets. This runs them into problems with their capital requirements forcing them to sell off assets in a bad environment in order to meet those requirements. This seems to have been sent in motion by the Basel II Accord put in place by the BIS? (International bankers) to regulate capital calculations. Most of this high financing stuff just goes over my head smiling (which I'm sure is designed that way) so I may not be understanding this however it seems to me that the implementation of Basel II was the trigger that started this snowball rolling downhill.

I have so much catch up to do! I wish I would have paid more attention to my smattering of economics and accounting classes in Uni but I just found them so boring. smiling

"The most unpleasant truth in the long run is a far safer traveling companion than the most agreeable falsehood." Emerson

McJ's picture

Israel bombed Iranian arms ship allegedly headed for Gaza

Egyptian media: Israel bombed Iranian arms ship allegedly headed for Gaza
author Sunday April 26, 2009 23:46author by Saed Bannoura - IMEMC News Report this post to the editors

According to a report in the Egyptian newspaper El-Aosboa on Sunday, a recent attack on an Iranian ship off the coast of Sudan was carried out by the Israeli navy, with possible U.S. involvement.

After January's Israeli invasion of Gaza, there have been several incidents of Israeli attacks on what they claimed were arms shipments from Iran bound for Gaza. No Palestinian group has ever claimed a connection with Iran, and the homemade shells fired by Palestinian resistance groups in Gaza are mainly made of homemade materials, lacking any sophistication that would imply Iranian involvement.

In January, an aerial bombardment of a convoy of trucks in Sudan was claimed to be an Israeli airforce attack on an Iranian arms shipment, but neither side confirmed this claim.

In February, the government of Cyprus detained a ship that they claimed was headed for Gaza with anti-tank and anti-mortar weapons.

Neither the U.S. Nor Israel have issued any statement regarding Sunday's attack. However, Israeli politicians in the new administration have stepped up rhetoric against Iran, at the same time that the new administration in Washinton has called for direct talks.

Whether or not Iran has been trying to get weapons into Gaza is a matter of much speculation among political analysts in the region. What is clear on the ground, however, is that if Iran has smuggled weapons to Gaza, the Palestinian resistance has not used them, as the sporadic homemade shelling that they engage in continues to use the crude, homemade weaponry that lacks any aiming capability or consistency.

"The most unpleasant truth in the long run is a far safer traveling companion than the most agreeable falsehood." Emerson

War timing

"I'm still not getting why a delay in attacking Iran (and therefore gaining control of their oil) would foil the plan for a one world currency. Is it because the delay risks exposing the banksters or because countries may opt for different solutions therefore foiling the plan?"

It's the latter reason. Timing is everything in war as much as everything else and I believe the Zionists/ Bankers have lost control of the timing. Do you remember Condaleezza Rice all pissed off with the israeli defence forces after the Lebanon attack of 2006? She was berating them for being incompetent, basically. It makes more sense now.
The implementation of the global currency requires everybody's acceptance. This is best achieved if everyone is stampeded into it without the opportunity to critically analyse the consequences. It's the spruiker's cry, "Hurry, hurry, this sale, this opportunity, whatever, wont last! Act now or miss out"!!! You need panic but panic only lasts so long.

But the critical thing that will make the global currency work and will trap everybody thereafter is not in place yet. And that is the control of ALL the oil fields or even all the oil sales or, at the very least, all the oil pipelines. They won't want to present the global currency for adoption till then. Hence Timmy Geinther's coy dance from one foot to the other about the acceptability of a One World Currency. If nations can purchase oil without using a global currency, then they will do so rendering the currency ineffective as a control mechanism. It will also give them time to explore other solutions.

Ideally in implementing a complex strategy, you make one step at a time making sure each move is completed before moving onto the next. I like to call it the "Tarzan Principle" whereby you make sure you have a firm grip of the next vine before letting go of the last one. This lessens the risk of a fatal fall.
What I think has happened is that the financial meltdown was started in advance, of course, as it had a long gestation period and in the meantime the oil fields or at least the oil sales were planned to come under the domination of the bankers. But it hasn't happened. The bankers now find themselves still hanging onto the last vine because they don't have control of the oil sales yet BUT the timing of the meltdown and the opportunity to shift straight over to a global currency (the next vine) is now swinging away from them. To leap for the Global currency vine too early could see them crash but waiting too long could arrest the whole plot. Momentum is crucial. You don't want to give the "mark" time to think about the scam on offer.

What to do? Start a war. And quickly to take out the production capability of the oilfields not under their control which means attacking Iran and, I see no way round it following this logic, Russia as well.

The buildup to it has to be disguised as much as possible. Hence the war games and mobilisation it covers. Hence the false overtures of an olive branch held out by Obama to Iran. And hence the timing of the Swine Flu. I would expect other distractions in a week or two. It's is as much to distract national leaders who have troops destined to Georgia as much as the general public.
That's the way I read it all, at least. I sincerely hope I'm wrong. It's not unknown!

I'm sure I could have written a simpler way of saying this but I hope this will suffice.

6 votes to front page of

I previously submitted this article to which is read in NZ and around the world. If you register with scoopit you can submit articles and readers can vote them onto the front page of a poplar alternative news site which has covered electronic voting from the beginning. You only need 6 votes to get a story listed on the front page of scoop for a while so its worth joining and posting articles to scoopit.

This article didn't make it unfortunately but I've just submitted Jame's excellent article "On Some Basics of Economics". So its worth joining then submitting and voting for articles you like.
Scoop are not huge but according to have a monthly unique visitor count of between 70 000 and 100 000 approx. smiling

McJ's picture

Got a link for that.

Got a link for that. smiling

"The most unpleasant truth in the long run is a far safer traveling companion than the most agreeable falsehood." Emerson

McJ's picture

Here we go. :)

Here we go. smiling

"The most unpleasant truth in the long run is a far safer traveling companion than the most agreeable falsehood." Emerson

Its at this address and is a pending scoop.

I've lost my "edit comment button" even after a restart and it may be time for a complete overhaul of my system which is driving me nuts.

Im off in a hurry now.


Thanks very much for doing this, Sally. It looks like a very good interesting site.

McJ's picture

United Arab Emirates exit Gulf currency plan

United Arab Emirates exit leaves Gulf currency plan on brink of failure
From The Times
May 21, 2009

"A project to establish a common currency for the Gulf has been dealt a near-fatal blow with the decision by the United Arab Emirates to abandon monetary union after disagreement with Saudi Arabia over the location of a future central bank.

The loss of the Emirates to the currency project could accelerate decisions within some Gulf states to diverge from Saudi Arabia’s desire to maintain a currency peg with the dollar. This could lead eventually to the UAE, the Gulf’s most sophisticated economy, floating its dirham, analysts in the region said.

...The UAE is the second state in the six-member GCC to pull out of the common currency, which was due to be launched next year. Oman had said already that it would not take part, but the loss of the Emirates, which has the greatest international trading links, makes it unlikely that the project will get off the ground.

...Officials in the Gulf said that the remaining states – Bahrain, Kuwait, Saudi Arabia and Qatar – remained committed to monetary union. However, tensions within the group were exacerbated in 2007 when Kuwait cut its currency loose from the US dollar, preferring to float its dinar against a basket of currencies. The Kuwaiti move put it at odds with the other GCC states, which peg their currencies to the dollar. "

Read full article at link:

"The most unpleasant truth in the long run is a far safer traveling companion than the most agreeable falsehood." Emerson

James OWC - Bailout Banks buying, hoarding oil. Connection?

"This makes Iran target number one. If the US and these bankers can't control or own Iran's oil, they must, at least, stop them from selling it in anything other than $US for the moment and the OWC in the future. Bombing their oil fields and have the Iranians block the Straits of Hormuz in retaliation would achieve that just fine."


This has been happening sinse before the last oil price hike when a strike on Iran seemed imminent.


Banks and Oil

Hi Sally. I can't be sure of what's going on except that it is a scam going down. Buying oil is not part of banking and it's not speculation either. When the likes of Morgan Stanley and JPMorgan Chase get into the market it becomes manipulation because of their economic clout through the size of their purchases and their cache or influence as "Market Leaders", read "manipulators". They are clearly trying to influence the market by making a splash using their own names to buy rather than using cut-outs and broadcasting it through their very own megaphone, Bloombergs. Which makes me wonder if they are filling these tanks with oil at all or just leading people (speculators) to believe they are.

From your link to PeakOilDebunked, "Storing oil became big business. Tank owners and companies that leased storage, including Wall Street giants such as Morgan Stanley, turned sizeable profits simply by sitting on tanks of oil. They would buy oil for immediate delivery and stick it in their storage tanks, then sell contracts for future delivery at a higher price. When delivery dates neared, they closed out existing contracts and sold new ones for future delivery of the same oil. The oil never budged."
If the oil never budges, why do you need the oil in the tanks? If this is what they are doing, then it is no different really from what the goldsmiths of yore and bankers such as Rothschilds did to make mega profits centuries ago. If I have thought of it, you can be certain the bankers have.

Apart from that there is all the usual angles associated with cornering a market. There may well be a much deeper motive or scam going on such as tying oil purchases to a global currency in the event of a sudden supply shortage but I'm not familiar enough with the mechanics of the market to figure it out. If I get a brainwave, though, you'll be the first to know smiling .

Thanx James

Please post any brianwaves you get re the current crisis. Things really are a constant "educated guessing game" with the secretive plutocrats aren't they. They throw out or accidentally drop us a few crums/clues and we scurry and try to keep up with their game with our lives.
What do you think of Andrew Marshalls article at "Global Research" on the current state of play re the builderberg group. The Bilderberg Plan for 2009: Remaking the Global Political Economy
A while ago you linked to an Ozzie site where the site structure looked similar to this one. If you could post a link to it that would be appreciated. beauty, eh

Regarding bilderbiggerbergers

These people show up to get their marching orders. Sure there's a little debate but the agenda is set before they turn up. The likes of Rochefeller are into control in the biggest way possible. They aren't about to call a meeting to find out how the rich and purchased are feeling about the economy or political climate. Its much more about, "Welcome to the programme. Here's your script."
These attendees may be rich and/or famous but they are not free and they are bullshitted to just as we are 'cept the bullshit is different at different levels.

Take away their ability to manufacture money out of nothing and all this bullshit stops.

I have a dream.

But my dream is for the Native Americans, first and foremost.

They are my first principal for America.

Right on the mark

"They are clearly trying to influence the market by making a splash using their own names to buy rather than using cut-outs and broadcasting it through their very own megaphone, Bloombergs."

That sounds right on the mark James. I'd love to be able to download all the info you have harvested and processed direct from your brain but I guess I may have to go that road ( harvesting, processing) myself if I want to know.
If you can recommend any articles or sites online where I might get a head start that'd be good.

Links for Sally

"I'd love to be able to download all the info you have harvested and processed direct from your brain." I think you'd quickly regret that, Sally smiling
I am not sure which link you were refering to but it might be this one.
I linked it for the page but have no idea what the rest of the blog is like.

Here's an interesting (and excellent) primer on the money system-
There's a sound track if you don't feel like reading it.
Understanding the fundamental mechanics of the system is the most valuable thing you can learn, I think.
After that there is Stephen Lendman's review of Ellen Brown's Book "Web of Debt" stating here-

Articles by Mike Whitney and Michael Hudson are always good value

A good book that will shed a lot of light on our current culture is the novel, "Ishmael' by Daniel Quinn. It's a great read smiling .

Good Links

Thanks again James
I think I have some of the basics already from that 3 hour film "The Money Masters" (did you manage to pedal fast enough to watch it) and a few youtube videos but you seem to be beyond the basics . So how did you find out that Rockerfeller rules Bilderberg. How does one pin anything on this family and their current power status. They are secretive plus!! Is Estulin your best pal???
I' heard about the secret government for ages but it made no sense untill I saw a video called "The American Power Structure" with Ron Paul ( 20 years ago ) where he talks briefly about "The Trilateral Commission" and the "Council on Foreign Relations".
You can watch it at my new incomplete video blog True TV
OK I've managed to find something myself smiling with a bit more depth than Ron Paul's 1988 interview.

The Council on Foreign Relations And the Trilateral Commission
The two organizations that run the United States
by Melvin Sickler

Im keen to know more about David Rockefeller, his net worth, where his money is etc. Are there any others that equal his current wealth or power status and might challenge him in some way and what is it he and they (if they exist) want for us. Im under the impression no one really knows but that "The Council on Foreign Relations" objective has always been world government . Is this still true or have new agendas developed over time.? How close can we get to this family/person ( David Rockerfeller ) for real information? Our futures are in the balance and we have some knowledge but no clarity of the plutocrats agenda or even how much power they actually have.

NJT - looking, looking

I came back to comment on your link and found you have taken it down. You really did go looking, didn't you?! Did you take it down because you realized it was about me? Gary, the journalist, left out the part about the woman I mentioned. Though, as you would have read there were others.
It was quite a surprise to see myself outed, as it were. There are other links to more of it.

Regarding the local currencies linked to, they miss the mark for differing reasons. I can explain why I say this if you like.

newjesustimes's picture

James - sorry i went delete happy

Yes sometimes I second guess my comments; I was worried it may be a sore subject. I hadn't heard much about that sort of thing before but I read about Maria Monk and a number of other more recent cases. Strange stuff to say the least.

Interested to hear why you say the local currencies miss the mark. Thanks for your insight.

LETS, LETS Lite and LETS Not

Yes it is very strange, NJT, and unfortunately a lot more common than most folks would think. It challenges peoples' view of human beings, our culture and institutions and not surprisingly gets rejected. However it is a force hidden behind all politics, religion, economics, law and the military. I see it and understand it but I'm damned if I can write it down intelligibly and credibly. It's a dynamic thing and to explain it it needs to be laid out in a linear fashion. But where to start? I feel like it is a ball of string but I can't find the end (or the start) to unravel it. I'm unsure as to whether I'd be doing anyone a favour anyway!

Onto more mundane things, the BerkShares scheme wont do much at all because people exchange Fed dollars for their own dollars. There's no net increase in the effective money supply so therefore no net increase in the economy or GDP, if you like. It encourages local trading by giving an effective 5% discount but the increase (if any) in the local economy is offset by a decrease in the larger economy.

The Ojai Valley crew are proposing a LETS scheme which will actually increase the effective money supply if they get it off the ground but they are looking at creating a whole new currency with a different name and they will unnecessarily restrict themselves. It's LETS Lite, if you like. Most LETS schemes make this same mistake. All that's necessary is to extend each other credit denominated in $US and issue everyone with a cheque book. The cheques are only good at the LETS credit office, which is fine. Everybody then just swaps their credit and debit balances with each other and they are recorded at the LETS office. All the credit balances will equal all the debit balances. No interest and just a small monthly a/c fee to cover admin. Absolutely simple. Just like a credit a/c at your local shop except just a little more complex. There is no law against extending credit to one another.
It is an extemely effective way around the artificial restrictions placed on peoples trading by the Fed and the banks restricting credit to people. I think it would also be a realtime, hands-on demonstration to people of how a money system should and can work. The corruption and exploitation of the Federal Reserve and banks in general will become palpably clear to many people. Perhaps enough to "turn off the water"; to close down the Fed and take away the power from these unbelievably corrupt (insert your own word here) that rule us now and create so much misery.

This is a pretty short explanation; am happy to answer more questions if I have not been clear.

admin's picture

thanks James

So in your proposed LETS system (does LETS stand for something? i'm feeling slow brained tonight) what incentive is there for consumers to ever pay off their debit, or even restrict their spending?
Perhaps I'm misunderstanding but it seems that people would run their credit up until the bank was broken and the producers would never be paid for it?

Good Questions

These are good questions, NJT. LETS was started by a Canadian named Michael Linton and he coined the acronym. From memory, it is for Local Energy Trading System or something very close to that. I have seen variations but all mean the same thing. The acronym has become the generic name.
There would need to be controls on trading to protect against abuse, of course. It is easily achieved and no one need suffer. The main problem with these schemes is if and when the scheme folds. People are left with credit balances they cant convert and others with debts they need not redeem in the case of no one guaranteeing convertability on wind-up. But this applies to any currency system. Much thought needs to go into making the system viable in the medium to long term. This is where a municipal council can lend enormous credibility and stability to a LETS sceme if it gets behind it. Simply by accepting LETS dollars in payment against rates, the council will guarantee value to the currency into the future. In other words, they open an account in the LETS office.
It will still be credible and viable without this backing but needs widespread support to make sure it keeps going and preferably expanding.

When the individual member is issued with a cheque book, they are issued with a credit limit as well. This can be increased just as a credit card limit is increased when judged against payment performance. Inevitable people will leave town owing money or become incapacitated in one way or another. But this should not be a problem for anyone. Their debit balance simply transfered to the "non performing loans" a/c and as the books still balance and there is actually no need to eliminate the debit entry, there's no problem. No body suffers. No other member's a/c is raided to eliminate the non performing a/c. Banks, of course, could do the same thing with their non performing loans but they don't because part of the reason for their system is to foreclose on loans and collect cheap assets. You need debit balances to create credit balances.

Back to the LETS scheme, there is obviously a limit to the percentage of non performing loans that a LETS scheme could tolerate but it would be pretty high. Besides you could get a signiture to guarantee payment in green folding $US should the member default. This is straight forward providing the LETS scheme denominates its credit in $US

Economics links (plus others)

Here's a couple of links to articles that might go some distance towards answering your question, Sally.
One thing to bear in mind with owning gold bullion is that the US Govt banned private citizens from owning it (inthe '30's?). People had to turn it in at a set price. After the govt had purchased most of the gold, they promptly doubled the price. They'll likely do it again. You can hang onto it, of course, unless there are purchase records the gummint can access. The other problem is that you won't be able to sell it or trade it easily.

And then there's this and this

Hello James, McJ, Winter (All)

Thankyou so much for your answers. I'm here breifly and no longer on the net (at least for now). Yes the economic questions are relevant for me and could see hundreds of millions of people starve to death over the next few years should the worst materialize. I am alarmed but now not surprised about Obama's course which is obviously continuation down the road to hell. Cybersecurity in the hands of the Pentigon of course is going to ensure there are no more slipups. And even more power to the Fed.
Thanks for the info about Gold James. I was considering buying some [ with my huge fortune smiling Smile Thats a joke ].

Gotta go but will be back soon as I can.
Blessings, Miracles and light ( cause we will need them along with some action)



I posted a few hours ago but forgot to sign in so this might be a double as the last one is awaiting moderation.

Im mostly offline for a while and don't have time to look at much but thankyou James for the links. The info about the gold is interesting as I was thinking of buying an ounce or half. Just checked in and hope to be back online in a week or 2.

When I do I'll be looking for your posts on that Satanic Cult. I don't get that sort of thing at all. In my mind evil is ignorance, fear and a lack of connection with the divine but like all things created by our all powerfull spirits in combination with our minds they can become a real energy and take over the being. Sort of like a cloak of ignorance overlaying the original divine spirit.

(Warning this is a religous rant which you can read if you feel inclined)
At this particular moment I believie ( there is a difference between belief and absolute certainty) the mind can create almost any situation imaginable but I still imagine our universe is based apon creativitiy because if it was destructive it would simply implode? Could the structure of our physical universe be created from evil which is inherently destructive. My mind cannot concieve that. Perhaps its neutral but I don't think so not right now anyway.
If those that perform evil in this world against others realised that they whom they regard as less than themselves are of God then they would see that they are doing their evil to God Herself smiling If you look at another and see the divine within then you will be much more careful and respectful of how you treat that divine soul and will never give yourself rulership of them. If you consider yourself above another then you believe you are above God.
Every murder is a direct kick in the teeth to God, simple!. Every cruelty is against god. When you accept illtreatment you are allowing the God within yourself to be treated as such. When you give it out you are ill treating the God in others. You are directly affronting the devine.

Light banishes ignorance and darkness. There is the daylight on earth in which anything good or evil can be created and there is divine light in which only good can exist.

Love, blessings and Peace to You

McJ's picture

IMF agrees to issue debt to member countries

IMF agrees to issue debt to member countries
Move increases resources of international financial institutio

By Robert Schroeder, MarketWatch

WASHINGTON (MarketWatch) -- The International Monetary Fund on Wednesday agreed on a framework to issue notes to its member countries for the first time, a move its director said will help the fund get assistance to members quicker and combat the global financial crisis.

The notes will have a maximum maturity of five years, the fund said in a press release, and will be tradable in the official sector, including central banks. They won't be transferable to the private sector.

"This innovative framework will further strengthen the IMF's capacity to bring rapid assistance to its members as and when it is needed," said managing director Dominique Strauss-Kahn in a statement on Wednesday.

"This new financing tool and our other financing initiatives demonstrate the commitment of the fund and its members to tackling head-on the effects of the global financial and economic crisis," he said.

China has signaled its intention to invest up to $50 billion in IMF notes, and Brazil and Russia have signaled up to $10 billion each.

The IMF's executive board didn't set a limit or cap on the amount of notes that could be issued, an IMF official told reporters Wednesday afternoon.

The move is a way to increase the fund's resources as it and its members continue to confront the global financial and economic crises.

"This framework for issuing the IMF notes marks a significant step forward in our continuing drive to make sure the IMF can respond effectively to member countries' needs in these challenging and uncertain times," said Strauss-Kahn.

Robert Schroeder is a reporter for MarketWatch in Washington.

"The most unpleasant truth in the long run is a far safer traveling companion than the most agreeable falsehood." Emerson

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