Many people, including the president of Russia, have an interest in debasing the U.S. dollar as a currency and eliminating it as a global standard currency. This is not a Democratic idea, a Republican idea, or even an American idea… it is an international idea.
It would be wise for you to educate yourself concerning the interest in and implementation of… a one world currency. This is not the rambling of a conspiracy theorist, as many would have you to believe, but simply a cry for awareness in my fellow man… specifically my fellow Americans.
I do not wish to delve into apologetics concerning the gross errors and corruption in monetary policy of my government. Rather I wish to point out a few necessary and powerful critiques of a centralized one world currency. I am also looking to raise awareness in my readership, because I care and want you to be informed.
CNN Money sees the writing on the wall.
The Washing Times sees the writing on the wall:
“Treasury Secretary Timothy F. Geithner and Austan Goolsbee, member of the Council of Economic Advisers, have refused to rule out a global currency. Such views by top policymakers cause the dollar to drop. Even worse, this shows that the Obama administration supports dramatically greater centralization on a national and international scale.”
Here are a few of the reasons a one world currency is abhorrent:
“Unlimited power is apt to corrupt the minds of those who possess it”
- Lack of competition – No currency is void of the possibility of becoming debased. Competition between differing national currencies the globe over is healthy. It allows citizens and businesses to choose opposing currencies if they do not agree with the direction of their government’s monetary policy. If there is a one world currency, there is no more room for debate, choice, or alternatives. It empowers government and removes power from people… which brings us to our next point.
- Centralized Power – Consider again the unification of world banks all having common interest in one currency and one currency alone. Of a certainty in this world, money is power. If the richest and most powerful people on earth share a common goal for their money… where will that ultimate power lead the nations of the world?
Here is one reason why none of this scares the spiritual man within me:
- Biblical Prophesy – The bible predicts the adoption of a one world currency and aligns its adoption with periods of incredible famine, disease, brutality, and enslavement. The concept of a one world government — and with it a one world economy — is prophesied in both Daniel and Revelations… there is nothing new under the sun.
“Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.” – John “Lord” Acton
So What’s The Answer?
Thomas Jefferson knew that the power of government, if left unabated, would always follow its natural course of corruption and power grasping.
“God forbid we should ever be twenty years without such a rebellion. The people cannot be all, and always, well informed. The part which is wrong will be discontented, in proportion to the importance of the facts they misconceive. If they remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. And what country can preserve its liberties, if it’s rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to the facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants. It is its natural manure.” - Thomas Jefferson in reference to the 1st American Revolution
The ultimate answer lies with faith in the God of the bible, faith in the truth of His Word, and faith in the death, burial, and resurrection of His Son… Jesus of Nazareth – indeed the Christ. The answer lies in loving God, submitting ourselves to Him and thus enabling ourselves to love our fellow man as ourselves.
Earthly action and answers lie in the people empowering themselves with knowledge and courage. Begging God for increased spiritual faith and courage. The complacency, apathy, moral decay, and increased social dependence on government of our day are frighteningly reminiscent of so many other societies throughout world history.
Here are the typical stages of society as history teaches:
- From bondage to spiritual faith
- From spiritual faith to great courage
- From great courage to liberty
- From liberty to abundance
- From abundance to selfishness
- From selfishness to complacency
- From complacency to apathy
- From apathy to moral decay
- From moral decay to dependence
- From dependence to bondage
Where do you see our nation?
I see our nation as having just surpassed the crest of number five and heading downward into steps 6 – 10. I believe we are currently immersed in step 6, 7, 8, and 9. I believe only a return to spiritual faith, morality, and charity can reverse the current course we are on.
I will leave you with a few informative videos where Lou Dobbs of CNN goes off on the current events that seem to be sweeping over us at an ever increasing rate.
Lou Dobbs on “The New World Order”
Lou Dobbs on “The North American Union”
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The way I have read the news is a little different. Russia (China and others) are not looking for one world currency. These countries have enormous dollar holdings since the US Dollar has been the reserve currency of choice. (Much of international trade is billed in US$. Think about oil for one.) This choice is coming to an end. These countries do not want to hold so many US Dollars anymore, since they fear that the US Dollar is a declining asset. They are looking for a different reserve currency now so that they can get rid of the US$. The proposal to have a new reserve currency similar to existing Special Drawing Rights of the IMF (consisting of a basket of currencies) are catching traction. (http://en.wikipedia.org/wiki/Special_Drawing_Rights)
But all this has nothing to do with establishing one new world currency. It is only an indication that the US has lost its dominance in the world over the last few years – unfortunately not only in economic terms.
.-= ctreit´s last blog ..Household budgeting versus (gluten-free) household management =-.
Just the tought of a single currency shared with Russia, China, and the rest of the World sends shivers down my spine!
.-= Benjamin´s last blog ..Ever Wonder How Gas Stations Determine Prices at the Pump? =-.
I learned a lot about economics through this blog. A well-written reminder to all about the impending issues that we are all going to have to deal with (or are already dealing with) in this country in the years to come.
Great post Matt! I never saw the stages of history broken down like that, but it is certainly true.
If my people who are called by my name and humble themselves and PRAY, and seek my face and turn from their wicked ways, then I will hear from heaven and heal their land! (2 Chr 7:14)
.-= Lakita´s last blog ..The Truth about Hotel Room Blocks =-.
Thanks for that verse Lakita! I absolutely love that portion of scripture and I think of it often when I consider our nation.
Matt,
This is a great post and your POV is similar to mine. There is one exception possibly to this rule, that is currencies made of gold and or backed by gold. Paper money is on the way out and people want sound money and value, real money. To have multiple currencies or free market money using precious metals and digital gold currency is possible without one global currency.
With today’s digital currencies, it is possible to have 100 different “Brands” of private currency, but all made out of or backed by gold. In fact this is already in use today, I can name two dozen private digital currencies. They have different names and are issued from different jurisdictions (private people in different countries) but they are all backed by gold, so one gram of “Matt’s American Gold” is always equal to one gram of “Dimitri’s Moscow Gold” or “Ahmed’s Oman Gold”. So I’m not sure if that falls into the category of one world currency or not, I don’t believe it fits. In the 1800’s across America there were multiple gold currencies, privately minted gold coin. These were the same purity and weight just different mint marks. Today’s digital gold is really no different.
While I agree with you, one world currency is bad, crazy and would create many more problems than solutions…..I do think that global & local trade could function as private issued gold in many different ‘Brand Names’.
Mark Herpel
I’m not so sure that the Biblical Prophesy sort of thing is necessarily a bad thing. The closer we are to the end times, the closer we are to Christ reigning on Earth. That being said, it does put a lot of other things into perspective.
That being said, I completely agree with all of your other points. I think America is quickly going down the tubes and will be replaced as a world power by someone like China or possibly more of a single international world government.
Excellent point, and I’m glad you pointed that out to me. That was a 4am editing mistake that has since been remedied.
There are a lot of things happening right now that really cause me to pause and wonder where we’re headed. It almost seems to me like the Obama administration is trying to pass as much stuff as fast as they can so that people don’t have a chance to actually examine the things that they’re doing. Flood them with information and cause them to just sit back as program after program is passed, our liberties are taken away, and our country goes deeper into trillions of debt – from which we may not be able to recover. Very scary times indeed.
.-= Bible Money Matters´s last blog ..Famous Musician Bankruptcies: From Millions To Broke =-.
Definitely seems like that to me as well. They act outside of the boundaries of our established due process, and that can rarely be a positive thing. Scary for my flesh, exciting for my spirit!
This is a timely post Matt. Interestingly enough you are the second person in as many days i will recommend to go check out Zeitgeist: Addendum. Some of the movie may seem a bit… well… out there. But there is some interesting stuff about the financial world, where we may be headed and some of the things you touched on.
Great read Matt.
.-= Brian´s last blog ..The Lazy Way To Creating Real Wealth In The Market =-.
I just “saved” the movie in my Netflix. Looks like it hasn’t been released to DVD yet, or Netflix doesn’t have it yet… go figure right!!
Of course. But actually, they do offer it online to download for free from their site. Or you can watch it via google videos.
.-= Brian´s last blog ..The Lazy Way To Creating Real Wealth In The Market =-.
Oh, sweet. I’ll check it out then & chalk it up as another “serious” video that my wife has to suffer through! The poor girl… I have so many of those movies now-a-days
Yeah. I would say read about it first so you know what you are getting into. The first movie (the one i recommended was the sequel) is very controversial and i can see angering a lot of folks.
But the money stuff is FASCINATING!
Apologies to the wife for the recommendation!
.-= Brian´s last blog ..The Lazy Way To Creating Real Wealth In The Market =-.
Good piece, Matt!
I think the biggest threat to a one world currency is loss of national sovereignty. Once we give up control of our monetary system, we’ve basically lose domestic political control the United States of America.
Interestingly enough, much of the world already considers the US dollar to be a de facto world currency anyway. It’s current, tenuous, status as a reserve currency only adds to that line of thought.
My $0.02 (after taxes)
Len
Len Penzo dot Com
.-= Len Penzo´s last blog ..Bernard Madoff Starts His 150-year Sentence =-.
I agree. This concept is an all out attack on our national sovereignty and seems to have at least partial backing from those in power here in our own country. The $ is currently the de facto world currency, but I am convinced it is on its way out…
Great post. It’s sort of scary to think about because our lifestyles might be much different than they have been in the past, but I like how you said it doesn’t scare the spiritual man within you. Really none of this should be surprising to us if we read Scripture.
This is an exciting time to be alive for sure. Obviously we are closer than we ever have been to the end times, but all of this just makes it seem so much more imminent. That means we need to be ready for that day.
.-= Jason @ Redeeming Riches´s last blog ..Should You Refinance Your Student Loans? =-.
You are right… it is not surprising. I just hope that Christians and non-Christians the world over are waking up to the truths of the matter. It is scary indeed if you have no faith in the promised deliverance Christ alone has promised.
I was reading recently about the typical cycle of a society and I think the attribution for the research comes from Jim Nelson Black. What answer would you get from the average man on the street about the state of the US? Ironicy, they would probably say, “I don’t know and don’t care” which fits stage 8 & 9.
.-= Credit Letter´s last blog ..Incredible Credit Card Art =-.
Matt this is a very good blog! Thanks for posting it. I would argue that we have been in the stage of moral decay and are headed towards dependence, just my thoughts. Great job!
.-= Brad @enemyofdebt´s last blog ..One Good Turn Deserves Another =-.
I’m happy to know that I’m not alone thinking what has happened to the American people over the course of the last year when we are slowly eroding the very fabric of our nation. The government now owns Citibank, GM now lets by all means hand ourselves over. I have to say your eloquent history timeline really puts it in persective. All the more so today there’s only one place to put our hope.
.-= Paul @ FiscalGeek´s last blog ..10 Interview Questions You Better Be Ready to Answer =-.
@Brad & Paul – The only answer is faith in Christ… and in our everyday lives to just work on being the solution whenever & wherever we can! It is about making individual change within our immediate circles of influence.
i believe the new World Order, happened when we discovered the Americas (the Us power, and influence in history, wars, economy, discoveries)
the worldwide currency was already the usDollar before the arrival of the Euro (wherever u traveled, and still u do today they would accept the dollars, from mongolia to taipei to Tonga to Bolivia)
nothing new
nothing crazy
nothing out of our minds
Matt-
It will be interesting how the development in Greece lately will affect the Euro
“supremacy” as the single currency of Europe. Ha!
I will be taking a close look on Greece, Portugal, Italy….in the coming weeks…
Sounds good A, be sure to let us know if anything big happens!
Godspeed.
Yes, we are in a mess because our monetary law is all screwed up. There is not even a definition for What Is A Dollar? But as Mark hit on we need to return to a commodity based currency as required under the Constitution. This is because it prevents confiscation through inflation which is a form of taxation without representation or due process of law. Jefferson and the other Founding Fathers who believed in unalienable human rights understood this principle.