A world currency moves nearer after Tim Geithner's slip
The China-Russia plans may never come to much. As President Barack Obama put it, the US is going through a "rough patch" but still commands the world's biggest economy, under a stable democracy and the rule of law. He might have added that it will largely avoid the aging crisis already dulling Japan's dynamism, and soon to ensnare Germany, Italy, above all China. For all its bluster, Beijing must move with care. After years of export-driven mercantilism China is even more dependent on US markets than America is dependent on Chinese capital. The risks of currency and trade conflict are not symmetric. The hegemon must prevail...but in 10 years - who knows?
2 comments:
because of the internet, i feel like i get to watch something similar to the 1930s in real time. everything seems to be happening faster and several orders of magnitude greater, though. literally every time i open my laptop, i see another piece of prophecy being fulfilled.
and he provides that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name. Rev 13:7
I'm not sure if 'this is it'. That this is the 'one-world currency'. These are Special Drawing Rights for countries to use as a reserve currency instead of the USD. One could argue that the US dollar is already the one-world currency since it has been the preferred denomination for international business for decades.
I guess I'm convinced of who the beast is in Rev 13, and these SDR's don't fit into my interpretation of the end times - lol.
Famous last words are always: we'll see.
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