The Kremlin has published its priorities for an upcoming G20 Summit calling for the creation of a supranational reserve currency to be issued by international institutions as a part of a reform for the global financial system.
At the same time, China's central bank proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund with a goal to create a reserve currency that is disconnected from individual nations.
Both Beijing and Moscow fear the actions taken to save the domestic US economy would have a negative impact on China and Russia and both countries believe this new global currency could correct the global economic crisis as well.
Jimmy's Prophetic Prospective on the News
The call by both Russia and China for a new one world currency is a page out of Bible prophecy for the Last Days.
Within hours of each other, both China and Russia have called for a brand new worldwide currency to be put in place and disconnected from any nation, thus to correct the present global economic crisis, and at the same time, combat any future international financial crisis. Other members of the G20 have also entertained the idea of a new world currency as well as a new international economic system to be put in place to correct the present economic crisis and prevent any other global crisis.
The revival of the old Roman Empire called for in Daniel 7:7-24 will be economically based and need a one world currency. The economic capital of the world during the last 3 1/2 years of the Tribulation Period will be in the Middle East in Babylon, modern day Iraq, Revelation 18. In fact, a one world economic structure will be in place during this time of Bible prophecy as I said, the last 3 1/2 years of the Tribulation, where all who want to buy or sell must have the mark of the Beast, Revelation 13:16-17.
A one world currency as called for by Russia and China is indeed a page out of Bible prophecy and setting the stage for this economic prophecy to be fulfilled.
China calls for new global currency - AP
Geithner, Bernanke reject new global currency idea - Reuters
Obama Urges G-20 to Take Bold Economic Action - VOA News