The Bancor
The Bancor is getting ready to become a new global currency, As documented by the
“Reserve Accumulation and International Monetary Stability”
This the Strategy and the procedure for the implication, it is not hidden, it placed in plain site.
The IMF will recommend and adopt the “Bancor” as a global currency and it will become the new global currency , A new central bank will be established to administer this currency.
Get ready now!
The United States will be the first to use it , The people of United States will think in the beginning that there own currency! Once established in the United States and because it is based on “Gold”and “Silver” it will be so strong that the rest of the world will not be able to compete!
Once established in the United States it will be forced on other country’s and the people of United States will go along because they feel they are in control.
This is just the illusion !
You can get ready and position your self for this change that is coming or you can be caught off guard and experience the financial pain that those banking on the Euro and Dollar will experience, you can worry about placing blame and join conspiracy theorists or you can read the information in this site and prepare.
This site does not promote or support “the Bancor” as new currency , this site does not judge or place blame on those that brought this currency upon us, this site only provides information how to help you prepare for it.
It has been roomered SDR’s will be next
TWust us this will not work and SDRs will not be used because they have some serious limitations. Since the value of SDRs are tied to national currencies, anything affecting those currencies will affect SDRs as well. making them impossible to make as world currency.
Any establishment pushing SDR’s or any other currency forward will meet obstruction from threat of the United States Military, so question why federal reserve and USA will not block implication of the Bancor??
The IMF report recognizes that moving to SDRs is only a partial move away from the U.S. dollar as the world reserve currency and urges the adoption of a currency unit that would be truly international. The truth is that SDRs are clumsy and cumbersome. For now, SDRs must still be reconverted back into a national currency before they can be used, and that really limits their usefulness according to the report….
“A limitation of the SDR as discussed previously is that it is not a currency. Both the SDR and SDR-denominated instruments need to be converted eventually to a national currency for most payments or interventions in foreign exchange markets, which adds to cumbersome use in transactions. And though an SDR-based system would move away from a dominant national currency, the SDR’s value remains heavily linked to the conditions and performance of the major component countries.”
So what is the answer?
Well, the IMF report believes that the adoption of a true global currency administered by a global central bank is the answer.
The authors of the report believe that it would be ideal if the “Bancor” would immediately be used as currency by many nations throughout the world, but they also acknowledge that a more “realistic” approach would be for the “Bancor” to circulate alongside national currencies at first….
“One option is for bancor to be adopted by fiat as a common currency (like the euro was), an approach that would result immediately in widespread use and eliminate exchange rate volatility among adopters (comparable, for instance, to Cooper 1984, 2006 and the Economist, 1988). A somewhat less ambitious (and more realistic) option would be for bancor to circulate alongside national currencies, though it would need to be adopted by fiat by at least some (not necessarily systemic) countries in order for an exchange market to develop.”
So who would print and administer the “Bancor”?
Well, a global central bank of course. It would be something like the Federal Reserve, only completely outside the control of any particular national government….
“A global currency, bancor, issued by a global central bank (see Supplement 1, section V) would be designed as a stable store of value that is not tied exclusively to the conditions of any particular economy. As trade and finance continue to grow rapidly and global integration increases, the importance of this broader perspective is expected to continue growing.”
In fact, at one point the IMF report specifically compares the proposed global central bank to the Federal Reserve….
“The global central bank could serve as a lender of last resort, providing needed systemic liquidity in the event of adverse shocks and more automatically than at present. Such liquidity was provided in the most recent crisis mainly by the U.S. Federal Reserve, which however may not always provide such liquidity.”
So is that what we really need?
A world currency administered by an international central bank modeled after the Federal Reserve?
Not at all.
As I have written about previously,
the Federal Reserve has devalued the U.S. dollar by over 95 percent since it was created and the U.S. government has accumulated the largest debt in the history of the world under this system.
So now we want to impose such a system on the entire globe?
The truth is that a global currency (whether it be called the “Bancor” or given a different name entirely) would be a major blow to national sovereignty and would represent a major move towards global government.
Considering how disastrous the Federal Reserve system and other central banking systems around the world have been, why would anyone suggest that we go to a global central banking system modeled after the Federal Reserve?
Let us hope that the “Bancor” never sees the light of day.
However, the truth is that there are some very powerful interests that are absolutely determined to create a global currency and a global central bank for the global economy that we now live in.
It would be a major mistake to think that it can’t happen.
