Checked my email and saw this on Yahoo News

ViRedd said:

A world currency would require a world bank, would it not? If true, then a world bank would requrie a world economic structure ... and that would mean a world government, no? Nation states, here we come. Can you imagine the power that would come with being the chairman of a world federal reserve?

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I believe the IMF acts as a world bank. It has oversight for financial systems and monitors exchange rates between currencies. Certain nations fund the IMF so that it can lend SDR's to other nations in need. SDR's are claims on the freely usable currencies of IMF members. So instead of having "claims" they want an actual currency to lend.

Right now it seems that the global economy is destabilizing and requires reform. This could mean a new economic structure that involves a world government system. I'm no economic professor so I really have no idea what is needed for this reform. All I know is that they indeed want to restructure the global economic system with a world currency.

ViRedd said:

A world currency would require a world bank, would it not? If true, then a world bank would requrie a world economic structure ... and that would mean a world government, no? Nation states, here we come. Can you imagine the power that would come with being the chairman of a world federal reserve?

Click to expand...

No I think he means world RESERVE currency...... but it's his thread.