SideNote: Have you ever wondered why the U.S. Government never really rounded up all the Wall Street hoodlums who created the scam-sham $1.4 Quadtrillion derivative market for prosecution? Its obvious, its one part of a plan to destroy the world currencies. The other part is quantitative easing to quickly help devalue the fiat currencies. Its the one-two punch starting with the U.S. dollar. There is no doubt in my mind, that this on going world wide financial crises was engineered, to activate their plan for the NWO currency to rise from the ashes/crisis. Putting myself into the NWO place, if my objective is to start my own currency for the world to use. I would have to destroy all other currencies. Secondly, I would have to develope a plan to remove all the gold from the markets so the citizens wouldn't have access to real money. This is probably why gold is quickly being bought at rock bottom prices by the wealthy elite from the east. To quickly confiscate all physical gold and silver from the U.S. and Europe. And the NWO elite would also need a plan to place all of the world's natural resources under private ownership for total control. They would eventually need to confiscate all the mining claims through Government agencies like the BLM. Today many of the exploration miners have disappeared off the map because of the minipulation of gold and silver prices, supressing prices below operating cost, this is just the start. Then they needed to influence the trading commissions of Canada and U.S. To look the other way, regarding all the illegal short selling?? and to have them slap cease trade orders on legit exploration companies like Silverado for having Massive Gold-Antimony veins near the surface?? Can't have those mining companies depleting the natural resources, when the elite want it all for themselves.

GRIM

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The G20 moves the world a step closer to a global currency

The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity.

He has not won everything he wanted. The spending plan was fudged. While Gordon Brown talked of $5 trillion in global stimulus by 2010, this is mostly made up of packages already under way.

But Mr Strauss-Kahn at least has resources fit for his own task. He will need them. The IMF is already bailing out Pakistan, Iceland, Latvia, Hungary, Ukraine, Belarus, Serbia, Bosnia and Romania. This week Mexico became the first G20 state to ask for help. It has secured a precautionary credit line of $47bn.

Gordon Brown said it took 15 years for the world to grasp the nettle after Great Crash in 1929. "This time I think people will agree that it has been different," he said.

President Barack Obama was less dramatic. "I think we did OK," he said. Bretton Woods in 1944 was a simpler affair. "Just Roosevelt and Churchill sitting in a room with a brandy, that's an easy negotiation, but that's not the world we live in."

There will be $250bn in trade finance to kick-start shipping after lenders cut back on Letters of Credit after September's heart attack in the banking system. Global trade volumes fell at annual rate of 41pc from November to January, according to Holland's CPB institute – the steepest peacetime fall on record.

Euphoria swept emerging markets yesterday as the first reports of the IMF boost circulated. Investors now know that countries like Mexico can arrange a credit facility able to cope with major shocks – and do so on supportive terms, rather than the hair-shirt deflation policies of the old IMF. Fear is receding again.

The Russians had hoped their idea to develop SDRs as a full reserve currency to challenge the dollar would make its way on to the agenda, but at least they got a foot in the door.

There is now a world currency in waiting. In time, SDRs are likely evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China. Beijing's moves this week to offer $95bn in yuan currency swaps to developing economies show how fast China aims to break dollar dependence.

French President Nicolas Sarkozy said the summit had achieved more than he ever thought possible, and praised Gordon Brown for pursuing the collective interest as host rather than defending "Anglo-Saxon" interests. This has a double-edged ring, for it suggests that Mr Brown may have traded pockets of the British financial industry to satisfy Franco-German demands. The creation of a Financial Stability Board looks like the first step towards a global financial regulator. The devil is in the details.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5096524/The-G20-moves-the-world-a-step-closer-to-a-global-currency.html