Earlier this month, the G20 leaders agreed to inject $250 billion in SDRs or Special Drawing Rights into the world economy. In an April 7 article titled “The G20 Moves the World a Step Closer to a Global Currency,” Ambrose Evans-Pritchard wrote that “In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.” The article is subtitled, “The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity.” Which naturally raises the question, who or what will 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 last September, the Bank for International Settlements was suggested . . . .
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http://www.webofdebt.com/articles/basel.php
Translated into Italian by Marco Giacinto on www.truciolisavonesi.it here:
http://www.truciolisavonesi.it/articoli/numero199/brown.htm – Part 1
http://www.truciolisavonesi.it/articoli/numero200/brown.htm – Part 2
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TIME TO GET OUT THE WHEELBARROWS? ANOTHER LOOK AT THE WEIMAR HYPERINFLATION
Worried commentators are predicting a massive hyperinflation of the sort suffered by Weimar Germany in 1923, when a wheelbarrow full of paper money could barely buy a loaf of bread. But there is something puzzling in the data. The British government is already funding more of its budget by seigniorage than Weimar Germany did at the height of its massive hyperinflation. Yet the pound is still holding its own, under circumstances said to have driven the German mark to one-trillionth of its former value. Something else besides mere money-printing to meet the government’s budget must have been responsible for collapsing the German mark, but what? And are we threatened by the same risk today?
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http://www.webofdebt.com/articles/hyperinflation.php
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