Bancor Currency
New Currency
The bancor was a supranational currency that John Maynard Keynes and E. F. Schumacher conceptualised in the years 1940-42 and which the United Kingdom proposed to introduce after World War II.
http://www.infowars.com/bancor-the-name-of-the-global-currency-that-a-shocking-imf-report-is-proposing/
A paper entitled “Reserve Accumulation and International Monetary Stability” by the Strategy, Policy and Review Department of the IMF recommends that the world adopt a global currency called the “Bancor” and that a global central bank be established to administer that currency.
The bancor was a World Currency Unit of clearing that was proposed by John Maynard Keynes, as leader of the British delegation and chairman of the World Bank commission, in the negotiations that established the Bretton Woods system, but has not been implemented.
SDRs do have some serious limitations. Since the value of SDRs are closely tied to national currencies, anything affecting those currencies will affect SDRs as well.
Right now, SDRs are made up of a basket of currencies. The following is a breakdown of the components of an SDR….
*U.S. Dollar (44 percent)
*Euro (34 percent)
*Yen (11 percent)
*Pound (11 percent)
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.
http://www.prisonplanet.com/soros-china-will-lead-new-world-order.html
http://www.imf.org/external/pubs/ft/survey/so/2009/pol072009a.htm
New Currency
The bancor was a supranational currency that John Maynard Keynes and E. F. Schumacher conceptualised in the years 1940-42 and which the United Kingdom proposed to introduce after World War II.
http://www.infowars.com/bancor-the-name-of-the-global-currency-that-a-shocking-imf-report-is-proposing/
A paper entitled “Reserve Accumulation and International Monetary Stability” by the Strategy, Policy and Review Department of the IMF recommends that the world adopt a global currency called the “Bancor” and that a global central bank be established to administer that currency.
The bancor was a World Currency Unit of clearing that was proposed by John Maynard Keynes, as leader of the British delegation and chairman of the World Bank commission, in the negotiations that established the Bretton Woods system, but has not been implemented.
SDRs do have some serious limitations. Since the value of SDRs are closely tied to national currencies, anything affecting those currencies will affect SDRs as well.
Right now, SDRs are made up of a basket of currencies. The following is a breakdown of the components of an SDR….
*U.S. Dollar (44 percent)
*Euro (34 percent)
*Yen (11 percent)
*Pound (11 percent)
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.
http://www.prisonplanet.com/soros-china-will-lead-new-world-order.html
http://www.imf.org/external/pubs/ft/survey/so/2009/pol072009a.htm
