Real Wealth #225 03/20/2009
The Threat and Danger of One World Currency
A day later
This morning Reuters News Service is reporting the a U.N. panel will recommend next week that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.
Persaud has long argued that the dollar would give way to the Chinese Yuan as a global reserve currency within decades.
Currency specialist Avinash Persaud, a member of the panel of experts, told a Reuters Finds Summit in
Persaud, chairman of consultants Intelligence Capital and a former currency chief at JPMorgan, said the recommendation would be one of a number delivered to the United Nations on March 25 by the U.N. Commission of Experts on International Financial Reform.
"It is a good moment to move to a shared reserve currency," he said.
Central banks hold their reserves in a variety of currencies and gold, but the dollar has dominated as the most convincing store of value -- though its rate has wavered in recent years as the
Some analysts said news of the U.N. panel's recommendation extended dollar losses because it fed into concerns about the future of the greenback as the main global reserve currency, raising the chances of central bank sales of dollar holdings.
"Speculation that major central banks would begin rebalancing their FX reserves has risen since the intensification of the dollar's slide between 2002 and mid-2008," CMC Markets said in a note.
Any way you look at this the U.S. Dollar is under siege and my prediction about the danger of the death of our currency is growing. When I was a young man study economics I used to laugh and dismiss conspiracy stories about one world government, the Trilateralists which the stories used to be embellished by predictions of secret black hawk helicopters.
While the drama of those stories may have been embellished for effect I find myself re-thinking the possibility of a global conspiracy with the stories of one world currency.
We’re living in a very dangerous time that threatens not only our nation’s economic viability but also our democracy. The best defense and protection you can employ is to own physical gold and protect your IRA with physical gold ownership.
Touch base with my team of precious metals experts at Finest Known at 1-866-697-GOLD (4653). We have a small group of really exciting gold coins that we purchased earlier in the week on a dip so I pricing should be a step ahead of the competition.
There’s a lot of excitement over the recent bounce back in the stock market but please don’t buy into the blue sky euphoria.
The fact is we’re about to enter earnings season and the news is not going to be good. Right now the S&P is trading at about 18 times earnings. This is a very right valuation. We may be ripe for another pull back in equities. Another test of DOW 6500 may be just ahead. I moved my 401K to cash this morning as point of disclosure. If I had the ability I would roll it all into gold but my company plan does not allow me this option.
Finally, my renewal offer yesterday was a huge success.
The 1740 year old Roman coins excited many subscribers and we’re down to just 4 coins left.
These are genuine rare coins are
While they’re definitely silver, they are so old and toned that they look like little copper coins. The obverse features Publius Licinius Egnatius Gallienus, who lived from 218-268 AD and ruled the Roman Empire as co-emperor with his father, Valerian, from 253 to 260 AD, and then as the sole Roman Emperor from 260 to 268.
Gallienus took control of the
This period of Roman history and Gallienus reign as Caesar make for fascinating reading. There are volumes of books that have been written and of course Wikipedia on line has a very concise write up available.
While Emperor Gallienus lived to be about 50 years of age, a ripe old age for men for a man of that time he lived a very tumultuous life. Gallienus lived through lifetime of wars, revolts, conspiracies and death. Trust me his story would make for a fascinating major motion picture.
Renew your subscription to Gold & Energy Advisor for three years for $189, and I’ll send you one of these amazing silver Roman Empire Gallienus Double-Denarius struck between 253-268 AD graded Very Fine.
There’s just one very reasonable catch: since the coins are worth about the same price as a three year subscription to our newsletter, I have to insist on no cancellations or refunds with this offer. Since it’s a renewal offer, this shouldn’t be a problem.
I’m offering this special renewal bonus because I’m admittedly trying to introduce you to the investment potential of high quality Ancient coins.
I'm sorry to say these coins are very rare and I will not be able to find any more. Once they're gone their gone. Now that I have just 4 coins left, time is of the essence to avoid disappointment.
Please see risk disclosure link below.
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