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Subject: The one world reserve currency will be enforced by whom?
From: AnonyMint
Date: Thu, May 29, 2014 8:44 am
To: "Armstrong Economics" <
armstrongeconomics@gmail.com>
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http://armstrongeconomics.com/2014/05/27/one-world-government/I see the emergence of a one-world currency at the reserve level only. This will be electronic replacing the dollar. The reason for this is that the currency of no single nation can be the reserve currency for whatever that nation does becomes a contagion to the rest of the world. I do not see a one-world currency that people would use in commerce domestically.
http://armstrongeconomics.com/2014/05/27/govt-has-lost-all-power-to-do-anything-the-void-in-leadership/I am in agreement with what you say about there being no overriding, controlling group in charge of things. However, with the politicians trying to federalise Europe through the back door and now seen to be failing, is it possible (or even likely) that they would now conspire to bring about an economic collapse and/ or World War catastrophic enough to create the single debt structure by will of the People?
Honestly, there is no bulb in the office that bright nor is there anyone so daring or that much of a risk taker. They do not even understand the aftermath possibilities. They fear a default because they may not politically survive such an event. If the world economy crashed and burned, there would be a new guard coming in.
I have been behind the curtain. I do not speculate on these things or offer unsupported opinions. These are my observations not my hopes, desires, or opinions. We will crash and burn because this is how society functions. After the fact people try to claim it was all planned. It really does not work that way.
http://armstrongeconomics.com/2014/05/28/one-world-government-impossible-one-world-currency-inevitable/Finally you have raised the issue of the global currency reset. I have always been of the same opinion expressed by you that in a floating currency regime an administrative devaluation is not possible.
What would be the basis of the new reserve currency? A link to a metal or to a (somewhat) floating basket of currencies? And wouldnt the latter still be prone to going super nova as fiscal authorities get overextended in unison?
This is the focus of a lot of conspiracy theorizing so I await your response eagerly.
These are two separate things entirely a one world government and a one-world currency. If the conspiracy theory assumes one-world government is NECESSARY to have a one-world currency, that is DEAD wrong. It is impossible to ever get a one-world government because there are huge cultural differences between countries even when the language is the same.
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The assumption that there needs to be this one-world government to create a one-world currency is nonsense. The ONLY political solution will be to create a independent reserve currency. This will be the result of the debt crisis for countries will have to default. However, a reserve currency needs no backing for the value of a currency has always been its image or CONFIDENCE.
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The next step in the evolutionary process of the financial system will be to replace the dollar with an international reserve currency. It requires no backing - just CONFIDENCE. Such a reserve currency is exempt from fiscal mismanagement since it would not be the currency of a given government. Each nation would retain its currency that would float against the reserve. You would need to convert your local currency to the reserve for international transactions.
We do not need a one-world government to issue a one world currency. It would only be a reserve currency against which everything would then be measured. No big deal. That ends the political tensions and retains the sovereignty of a nation unlike the euro that has been a complete failure.
Armstrong routinely builds strawmen to form faux argumentation, i.e. no where did I assert that an OFFICIAL (as opposed to the defacto one we have now hiding behind a deeper curtain than Armstrong has visited) one world government was required to bring about a one world reserve currency. We already have a global (one world) reserve currency today, the dollar.
But every time I ask Armstrong a question which challenges his logic, he is unable to answer. So here we go again and he WON'T be able to answer for if he did, he would have to admit his error.
So who will enforce this reserve currency which is not tied to any government central bank, political fiscal process, and national debt?
These diverse cultures and nation-states are going to remain in perfect harmony in terms of agreeing to honor the discipline of this reserve currency without trying to gain any leverage (control) over it? So the stronger nations won't be able to obtain leverage over the smaller nations in terms of the enforcement and evolution of this reserve currency?
Illogical Nonsense.
The only way such a one world reserve currency will have the desired discipline on the nations (i.e. a government that is running fiscal deficits for the wrong reasons will see its currency and bond markets pummeled), is if there is force backing it so it will have the necessary confidence.
Armstrong can't see the real power players of the DEEP STATE that is the defacto world government today. He only sees the public and political curtain dog & pony circus that is allowed to run amok while the real power sits back and awaits the outcome of "the borrower is slave to the lender" or "he who controls the gold, makes the rules".
Those globalists are guiding the nation-states towards their debt collapse where they will fall into the lap of the true power structure which owns the fixed capital, Industrial world. They control the multi-nationals too.
Armstrong hilariously claims that the software giants such as Google are distancing themselves from the NSA corruption and cites this as evidence that the globalist plans and power is waning.
Hahaha, what a myopic dimwit he can be at times.
Yeah Google will put on a good dog & pony show for naive idiots to believe, while the astute sovereign hackers (Knowledge Age workers) understand very well that Google continues its march towards enabling the globalist TECHNOCRACY.
I don't have time to argue with a blinded man. I have hacker work to do.