Dollar Plunges After UN Call To Ditch Greenback
- July 2nd, 2010
- Posted in Current Events
- Write comment
Dollar Plunges After UN Call To Ditch Greenback
Paul Joseph Watson
Prison Planet.com
July 2, 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 special drawing rights (SDRs).
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.
Bilderberg 2010: Globalists Panic Over Euro Collapse
Posted By admin On June 2, 2010 @ 12:32 pm In Featured Stories, News In Focus, Paul Watson Articles | Comments Disabled
Elite to seek reassurances from Spanish leaders that ultimate agenda for global currency will not be derailed

Paul Joseph Watson
Prison Planet.com [1]
Wednesday, June 2, 2010
The presence of Spain’s heavyweight political and financial leaders at this year’s Bilderberg conference is not just because the secretive annual confab is taking place just outside Barcelona – it’s because the Bilderberg elitists are panic stricken at the possibility that their embryonic global currency – the euro – could be heading for total collapse.
Highlighting once again how increased exposure of Bilderberg and their motives on behalf of activists over recent years has contributed towards the agenda becoming an open conspiracy [2], the London Times, perhaps the biggest establishment newspaper in the world alongside the New York Times and the Washington Post, was the first mainstream publication to break the silence on hundreds of global power brokers meeting in secret at the Hotel Dolce resort in Sitges over the next few days, with a report entitled Secretive Bilderberg Club ready for protests [3].
For the Times to name the most influential figures attending the event and reveal what they will discuss is a far cry from how the corporate media treated Bilderberg in the past, when they were loathe to even acknowledge its existence.
According to the report, David Rockefeller and his colleagues will be graced with the presence of Spanish Prime Minister Luis Rodriguez Zapatero, who will give the opening address, as well as Miguel Angel Moratinos, the Spanish Foreign Minister, and Pedro Solbes, Spain’s former Economy Minister. One of the primary topics of conversation will be “the future of the euro”.
These three men will undoubtedly inform their globalist masters as to whether or not Spain is likely to go the same way as Greece, which if it happens would probably be the death knell for the euro single currency, and in turn a hammer blow to long term plans to implement a global currency, which IMF chief and BIlderberg member Dominique Strauss-Kahn recently told a gathering of elitists in Zurich was one of the prizes the elite wanted to plunder [4] from exploiting the economic crisis.
Spain’s economy is in tatters not only because of the global economic meltdown, but because of the country’s disastrous efforts to implement the “green economy” that is mandated as part of what EU Commission chief and prominent Bilderberger Jose Manuel Barroso called the “post-industrial revolution”.
The impact of this deliberate agenda to lower living standards in the west is being felt most painfully in Spain [5], where the unemployment rate is around 18 per cent as a result of 2.2 jobs being lost for every “green” job created.
(ARTICLE CONTINUES BELOW)
A newly leaked internal document [7] from Spain’s Zapatero administration outlines how Spain’s “green economy initiatives” have been a financial disaster. The report suggests that the real rate of job losses as a result of “green” policies is in actual fact worse than 2.2 jobs lost for every one gained, and that the “green economy” must be abandoned if the country is to save itself from economic ruin.
If Spain goes down then so does the euro, a scenario that petrifies Bilderbergers whose ultimate dream of a one world currency rests in shoring up confidence in the euro, to the point where the European Central Bank now routinely manipulates and intervenes in the forex markets [8] on a weekly basis in an effort to prop up the ailing single currency. Some countries aren’t convinced and are already running for the exit door, with Iran and some Gulf states dumping the euro [9] and buying gold bullion.
In bailing out Greece the European Union broke the terms of its own Maastricht Treaty [10], and in doing so exposed the fundamental flaw of any overcentralized political or financial power structure – that it is only as strong as its weakest member.
This is why Bilderberg are panicking over the fate of the euro and looking towards Spain’s political leadership for some kind of reassurance that everything is going to be OK. If the euro were to go under, it would expose the inherent weakness of continental monetary unions and all but derail the wider agenda for a one world currency.
As the Guardian’s Charlie Skelton points out [11], Spain will be hoping that the arrival of Bilderberg doesn’t herald the same fate suffered by the last country to host the globalist summit – in 2009 the elite gathered in Greece and within 12 months the country was bankrupt and its people were rioting on the streets.
Bilderberg’s 2010 conference runs from tomorrow until Sunday. Listen to The Alex Jones Show and keep up to speed with the websites to get the latest breaking news from our sources inside Bilderberg.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/bilderberg-2010-globalists-panic-over-euro-collapse.html
URLs in this post:
[1] Prison Planet.com: http://www.prisonplanet.com
[2] the agenda becoming an open conspiracy: http://www.prisonplanet.com../bilderberg-the-open-conspiracy.html
[3] Secretive Bilderberg Club ready for protests: http://www.timesonline.co.uk/tol/news/world/europe/article7142478.ece
[4] which IMF chief and BIlderberg member Dominique Strauss-Kahn recently told a gathering of elitists in Zurich was one of the prizes the elite wanted to plunder: http://www.prisonplanet.com../financial-terrorists-want-global-currency-global-central-bank.html
[5] being felt most painfully in Spain: http://seattletimes.nwsource.com/html/opinion/2009385016_will26.html
[6] Image: http://infowars-shop.stores.yahoo.net/inemnewwoord.html
[7] A newly leaked internal document: http://pajamasmedia.com/blog/spains-green-policies-an-economic-disaster/
[8] the European Central Bank now routinely manipulates and intervenes in the forex markets: http://www.prisonplanet.com../another-blatant-eur-intervention-leads-to-150-pip-eurusd-move-in-seconds.html
[9] with Iran and some Gulf states dumping the euro: http://www.prisonplanet.com../iran-to-dump-45-billion-euros-for-gold-bullion-dollars.html
[10] the European Union broke the terms of its own Maastricht Treaty: http://www.prisonplanet.com../europe-a-continent-of-lies-and-broken-promises-how-the-eu-elite-got-it-wrong-on-the-euro.html
[11] As the Guardian’s Charlie Skelton points out: http://www.guardian.co.uk/world/blog/2010/jun/02/charlie-skelton-bilderberg-spain
