International Monetary Fund May Unleash Billions of World-Wide Super Currency

March 17, 2009

(ChattahBox)–A Telegraph report from across the pond this morning, reported of a plan in the works by the International Monetary Fund and the U.S. Treasury to print hundreds of billions of dollars of a global “super currency” and disperse the cash internationally in an attempt to ease the economic recession. Financial experts refer to this super currency as “drawing rights,” which is expected to prevent the current recession turning into a depression, affecting markets throughout the world. Finance Ministers at the G20 Summit are meeting this weekend to discuss the super currency issue.

U.S. Treasury Secretary Tim Geithner and England’s Finance Minister, Alistair Darling both support the International Monetary Fund plan. Global financier and billionaire George Soros is also said to support the issuing of super currency. Critics of the plan contend the flooding of the economy with a cash windfall could spark a dangerous inflation, which may be harder to control than the current recession.

There is no question, the current recession is a world-wide problem that calls for bold action. The credit markets are dried up and the flow of money that greases the wheels of any economy has come to an abrupt halt. Let’s hope these financial world leaders can come up with a plan.


Comments

5 Responses to “International Monetary Fund May Unleash Billions of World-Wide Super Currency”

  1. Brian Barker on March 17th, 2009 3:06 pm

    Did you know that George Soros would not be a multi-billionaire if it were not for the international language Esperanto?

    Born in Hungary in 1930 as Gyorgy Schwartz, the family changed its name in 1936 to Soros, which in Esperanto means “to soar.”

    The Soros name-change was an effort to protect the Jewish family from the rise of fascist rulers and the whole family spoke Esperanto at home.

    As a native Esperanto speaker, (someone who has spoken Esperanto from birth), George Soros defected to the West in 1946, while attending an Esperanto youth meeting in Vienna.

    Esperanto enabled Soros both to defect, and to become the 28th most wealthy man in the World, according to the Forbes rich list.

  2. Rivenburg on March 18th, 2009 3:09 pm

    This is insane, it is forbidden by the constitution.
    THE US treasury secretary does NOT have the authority nor does a president without 2/3rds congressional approval.

    Befor this is over, massive legal back-tracking will have to be done to undo the unconstitutional damages.

  3. Sue on March 18th, 2009 5:12 pm

    Hi Brian:

    Thank you for the great comment! I know a little of George Soros’ time as a teenager hiding from the Nazis. Great information on the role the Esperanto language played. Keep reading ChattahBox for the latest in news and commentary.

    Sue

  4. Sue on March 18th, 2009 5:16 pm

    Hi Rivenburg:

    Thank you for your comment. The article you commented to, actually discusses a proposed plan by the International Monetary Fund and not the United States, or any single country for that matter. When I get more information on this issue I will keep you updated.

    Sue

  5. JonTheSavage on March 25th, 2009 9:27 am

    The “bold” action that needs to be taken is to have this international crime syndicate ARRESTED, and put behind bars for the rest of their lives. Bernake, Jay Rockefeller, David Rockefeller, Zbignew Brizinski, Rahm Emanuel, Barry Obama, David De Rothschild, all need to be BEHIND BARS where they belong.

    ARREST THEM ALL!

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