Manage the Money, Manage the World
In January 1988, The Economist, the influential British economics journal, used its cover to exhort its readers to “Get ready for a world currency” by 2018. Illustrated with the image of a phoenix rising above flames consuming various national paper currencies, the article predicted that “thirty years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix.” The new “phoenix zone,” The Economist predicted, would
impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate — and hence, within narrow margins, each national inflation rate — would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit…. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case.
The “trends” referred to are in fact the misbegotten consequences of decades of deliberate policymaking on the part of international financial elites to lay the foundation for a single global currency, to be issued by a single world bank. The sentiments expressed by The Economist in 1988 were hardly original then, nor have they lost any relevance today. While the predicted “phoenix” or its equivalent has yet to rise from the ashes of a bonfire of national currencies, we are far closer to that outcome today than ever before. A one-world currency and central bank are central to the long-range plans of globalist elites — and would mean the death of financial and monetary sovereignty.
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