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Secretive Plan For a Global Currency
Excerpt from “The Global Economic Crisis: The Great Depression of the XXI Century”
Michel Chossudovsky
Andrew Gavin Marshall (editors)
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Towards a New Global Currency?
Is the Group of Twenty Countries (G20) envisaging the creation of a Global Central bank? Who or what would serve as this global central bank, cloaked with the power to issue the global currency and police monetary policy for all humanity? When the world’s central bankers met in Washington in September 2008 at the height of the financial meltdown, they discussed what body might be in a position to serve in that awesome and fearful role. A former governor of the Bank of England stated:
The answer might already be staring us in the face, in the form of the Bank for International Settlements (BIS)… The Read more…
In Rare Split, Two Leaders in Russia Differ on Libya
MOSCOW — The conflict in Libya caused an unusual rift on Monday between Russia’s two leaders, Prime Minister Vladimir V. Putin and his protégé, President Dmitri A. Medvedev, who typically choreograph their statements and refrain from criticizing each other.
Dmitri A. Medvedev said words like “crusade,” used by Vladimir V. Putin, were unacceptable when discussing the Libya airstrikes.
Mr. Putin appeared to displease Mr. Medvedev on Monday by harshly assailing the
airstrikes by coalition forces in Libya. Mr. Putin said the United Nations Security Council resolution that authorized the attacks was “deficient and flawed.” Russia abstained from voting on the resolution last week, deciding not to use a veto to block it.
“In general, it reminds me of a medieval call for a crusade,” Mr. Putin said.
Mr. Putin is widely considered Russia’s paramount Read more…
Pimco Buying Emerging Market ‘Rising Stars’ as Inflation Looms
March 21 (Bloomberg) — Pacific Investment Management Co. says investors should buy company debt in Russia, Brazil and other emerging markets where rising wages and relatively low public and private debt will help borrowers weather accelerating inflation.
The manager of the world’s biggest bond fund is buying debt of “rising stars” linked to nations with expanding wealth because they will more easily be able to pass on higher materials costs, Mark Kiesel, Pimco’s global head of corporate bond portfolio management, wrote in a report today on the firm’s website. At the same time, he’s avoiding companies dependent on growth in Europe, the U.S. and Japan that will struggle amid stagnant wages and debt-laden governments and consumers.
“Companies which are tied most directly into the strong economic growth engine in the emerging markets should have the most pricing power and ability to either pass through rising costs or absorb them without a significant margin hit,” Kiesel wrote. Those more Read more…
Syrian-bound Iranian plane forced to land in Turkey
(AFP)
DIYARBAKIR, Turkey — An Iranian cargo plane en route to Syria has been forced to land in Turkey’s southeastern Diyarbakir airport for an inspection, security forces said on Sunday.
The plane, a civilian Ilyushin, landed on Saturday night on the orders of the Turkish authorities. Military fighter planes were on standby in case the plane refused to comply.
An inspection of the plane is on-going to check whether the aircraft has any illicit or military material on board, security sources added.
Turkish authorities forced another Syrian-bound Iranian plane to land in Diyarbakir on Wednesday last week.
After a search lasting several hours, the plane was found to be Read more…
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