Proposals for a new centralized economic world order outlined in globalist report
Steve Watson
Infowars.net
Monday, Sept 7, 2009

The United Nations has called for the establishment of a new global reserve currency to be overseen by a bank of the world in an effort to reduce the role of the Dollar in international trade.

Details of the proposal were outlined in a report from the UN Conference on Trade and Development. The report also calls for the new global reserve bank to monitor and manage the national exchange rates of member states.

“There’s a much better chance of achieving a stable pattern of exchange rates in a multilaterally-agreed framework for exchange-rate management,” Heiner Flassbeck, co-author of the report and a UNCTAD director, told Bloomberg News.

“An initiative equivalent to Bretton Woods or the European Monetary System is needed.” said Flassbeck.

He also added that while the UN also backed strengthening Special Drawing Rights (SDRs), a synthetic paper currency issued by the International Monetary Fund that was dormant for half a century until earlier this year, that would not be enough to "protect emerging markets".

This latest call for a new reserve currency from the UN echoes previous efforts by the global body to initiate talks on replacing the Dollar.