The Tonka Report

Real News In A Changing World

Dollar Plunge After UN Report Calls To Ditch Greenback For SDR’s

with 4 comments

July 1, 2010: Paul Joseph Watson / Prison Planet.com – July 1, 2010

The dollar plunged today following a United Nations report which called for the greenback to be replaced as the global reserve currency by the International Monetary Fund’s (IMF) special drawing rights (SDR’s).

The dollar’s trend of moving inversely to the stock market has seemingly been snapped, with the Dow Jones falling over 100 points at one stage today. However, as soon as markets began to claw back losses, the greenback failed to follow suit, indicating that whichever way markets move, the dollar is in big trouble.

The UN report called for “abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value,” according to Reuters. “A new global reserve system could be created, one that no longer relies on the United States dollar as the single major reserve currency,” stated the report, adding that this new system should not be based on a basket of currencies, but on IMF-controlled SDR’s.

Following globalist moves to restore confidence in the single currency euro in the aftermath of the Bilderberg and G20 meetings, the concern has shifted from sovereign debt issues of countries like Greece and Spain, to the worsening state of the U.S. economy and the risk of a double-dip recession.

In the immediate aftermath of the 2010 Bilderberg meeting in Spain, at which globalists resolved to save the euro from collapse in an effort to restore confidence in their ultimate goal of a global single currency, the euro began to make a recovery and today rose against the dollar by over 1.5 per cent.

A cascade of negative U.S. economic data was released today, with job figures turning sour once again. “Jobless claims were a disaster, coming in at 472k, on expectations of 455k,” reports Zero Hedge. “The economy has now entered the ‘total freefall’ area”.

The dollar is being targeted for destruction because the financial terrorists who caused the economic collapse in the first place want to exploit the crisis in order to institute a new global currency issued by a global central bank.

In May, IMF chief Dominique Strauss-Kahn told elitists in Zurich Switzerland that the introduction of a global currency backed by a global central bank would act as the “lender of last resort” in the event of a severe economic crisis, another lurch towards fascist centralization of power in pursuit of a system of global governance.

As Gerald Celente explains in the clip below, all major currencies are doomed in the long term, which is why many European countries are beginning moves to revert back to their pre-euro denominations…

The Tonka Report Editor’s Note: See the comment I posted at the end of the previous article below– SJH

Link to original article below…

http://www.prisonplanet.com/dollar-plunges-after-un-call-to-ditch-greenback.html

4 Responses

Subscribe to comments with RSS.

  1. EXCELLENT ARTICLE ! Kudos ! For those seeking a deeper understanding, of the international (London and EU, IMF, World Bank, etc) bankers’ drive toward a one-world government, read Wm. T. Still’s book; NEW WORLD ORDER: The Ancient Plan of Secret Societies, and realize, that these same international bankers sit atop the global secret society network. Also, watch Wm. T. Still’s film THE SECRET OF OZ (http://www.thesecretofoz.com) as well as his EXCELLENT film ‘THE MONEY MASTERS’ in 22 parts (http://www.youtube.com/watch?v=lXb-LrVkuwM) Ciao !

    Ed

    November 4, 2010 at 5:11 pm

  2. Also, read Prof. Michel Chossudovsky’s THE GLOBALIZATION OF POVERTY, AND THE NEW WORLD ORDER, to understand, how the globalist Bilderbergers, and the international bankers, are attempting to bankrupt the U.S., destroy the American ‘Middle Class’, so that there will be NO ONE LEFT TO OPPOSE them, GLOBALLY – it’ll just be the ‘elites’, and the global poor, under martial law. THAT is their goal. Americans had better wake up – NOW !!! AND START DEMANDING that their Public SERVANTS in D.C. start doing what’s right for we the people, and not, for the GOD-FORSAKEN CORPORATIONS.

    Ed

    November 4, 2010 at 5:17 pm

  3. Ed

    November 4, 2010 at 5:20 pm

  4. Ed,

    Thanks for the links… Great job!

    – SJH

    Steven John Hibbs

    November 4, 2010 at 5:54 pm


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: