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"A penny for your thoughts"

Monday, March 23, 2009

Global Bank, Global Currency Within 15 Years

The financial crisis will lead to the creation of a global central bank and a global single currency within 15 years as according to the head of market analysis for Schneider Foreign Exchange Stephen Gallo. Gallo said one of the things that caused the financial crisis was an over expansion of the money supply on a global basis and that central banks are going to need to pay more attention to what’s going on with the global money supply rather than the money supply just in their own borders.

British Prime Minister Gordon Brown, EU heads such as Joaquin Almunia and establishment media outlets like the Wall Street Journal amongst many others have all used the economic crisis as an excuse to argue for greater financial power. Or is it that the globalists’ call for a centralized global economic order has nothing to do with providing solutions to the crisis but everything to do with providing themselves with more power and control over the world financial system?

American congressman Ron Paul have tirelessly argued that the only way to solve financial crisis is to work, produce and save - not to create credit out of thin air. Paul stressed that capital could not be created out of thin air by the Federal Reserve but to work hard, produce, live within our means and what is left over is called capital, contrary to telling consumers to spend and continue the process.

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