How about something like this...
marketoracle.co.uk
While world leaders might talk about a “New World Order” in global economics, they give few details of how this might be accomplished.
However, picking through the clues they've dropped and connecting the dots to fill in the missing parts, I've formed what I believe is the most plausible scenario of how the G-20 plan will shape up.
I unveiled this theory in my November 13 column of Money & Markets at the time of the first G-20 summit. It startled and shocked many readers as it spread across the Internet, quoted by numerous websites.
I know I've already spelled out the mass devaluation proposition in-depth with you. But let me review the highlights here again. I believe that the G-20 will agree to …
Actively intervene in the forex markets to depress the dollar's value, thereby re-igniting asset inflation and alleviating debt burdens.
Ultimately create three new monetary units (new dollar, new euro, new pan-Asian currency), to eventually replace the dollar as the world's sole reserve currency.
Establish a new fixed-rate currency regime, abolishing the present floating rate foreign exchange structure.
Re-calibrate currency values to a common basis of value, most likely involving gold.
And implement the currency overhaul via the IMF.
As far-fetched as this scenario sounds, it's no wild speculation on my part. I arrived at these conclusions by methodical, inductive reasoning, examining the facts, and following their trail to the logical conclusion. |
