LibertyTruthJustice's video: Webster Tarpley: A Post-Dollar World

Webster Tarpley goes into the finance banking project for a post-dollar transformation of the IMF Special Drawing Rights (SDRs) into the world reserve currency – under an International Monetary Fund that has itself been turned into the world central bank, or perhaps the world treasury. It’s not hard to see how that may be accomplished. As the debauching of the dollar occurs, it is gradually replaced by other currencies as the currency of choice for international transactions and central bank reserves. These currencies include the major currencies of today, things like the Euro, the Yen, the RMB, even the Pound, and will presumably come to include new regional currencies, such as a Latin American one. This phasing out of the dollar as global reserve currency may lead to a stage where you’ll eventually have multiple currencies all floating against each other as rival reserve currencies – in what will then be a far more turbulent world economy. The financiers’ project seems to be to gradually phase in the SDR as a synthetic currency (valued in terms of a basket of currencies plus other relevant assets) during this process, to the point where, amidst the economic turmoil and the monetary anarchy of a transformed world, it rises to become the stabilizing factor, the single world reserve currency – under the aegis of a world stability institutional framework, including a strengthened IMF as a new central bank, or treasury, for the world. A world economy that is dominated by such a financier inspired framework will, of course, be one that is dominated by the economic straightjacket of monetarism, fiscal discipline, and austerity. A new dickensonian world where the SDR comes about as the modern equivalent of the 19th century gold pound – the cross of gold where common people are economically crucified. Webster presents his alternative to such a system, and in general terms it goes like this. You’ll have to coopt the moment when multiple currencies will be floating against each other as rival reserve currencies in the world markets. And you’ll coopt it to institute a fixed parity system between these currencies, and to organize the system in such a way as to encourage the use of credit issuance power for the purpose of productive investments generating economic development. Since monetary stability should never be a reality principle, just an aspect of method, it comes second. Sustained economic development allowing for the steady increase in the general standard of living comes first. --- Webster Tarpley’s website is http://tarpley.net/ To Order His books: Amazon Method: http://www.amazon.com/s/ref=nb_ss_gw?url=search-alias%3Daps&field-keywords=tarpley&x=12&y=24 Lulu: http://www.lulu.com/content/3455852 To Read Some Of His Material For Free: http://tarpley.net/online-books/