The President of Kazakhstan has called for the creation of a single global currency in order to resolve the deepening crisis that has gripped the world financial system. For the first time in British history, the Bank of England has revealed plans to introduce quantitative easing, by 'creating' £75 billion in order to increase liquidity and get banks lending again. Interest rates in the United Kingdom are at an all time low of 0.5%, and analysts are predicting that Britain's economy could continue to deteriorate over the next 12 months, with unemployment levels possibly reaching 3 million. The strength of the pound has fallen to record lows in recent months, prompting speculation that the government may be planning to ditch the pound in favour of joining the single European currency.
But Britain isn't the only nation facing economic instability. As the value of the dollar continues to slide, some are calling for the creation of a single global currency as a way to limit economic turmoil and alleviate the growing mountain of debt that now threatens to bring down the entire financial system.
"The creation of a global currency should be put on the agenda of all major political and economic bodies, summits and forums, including the G8 and the G20," Nazarbayev said at an international economic forum in the Kazakh capital, Astana.The Kazakh President is not the only person calling for a single global currency. A few months ago I commented on how the Single Global Currency Association is lobbying the G8 and the G20 to consider adopting a single global currency with the goal of stabilizing the world economy and reducing debt.
Of course once you have a global currency in place, you need a global authority to issue that currency and control inflation and taxation. And then for all likes and purposes you may as well have a global government. Whoever controls the currency controls the country. Mayor Amsched Rothchild, a prominent European banker who lived during the 1700s once said, "Permit me to issue and control the money of the nation and I care not who makes its laws".
If Britain joins the Euro we will effectively forfeit all remaining sovereignty to the European Union. This country will no longer be permitted to issue its own currency, and will become reliant on a foreign authority for its economic well-being. The same thing will happen if there is a single global currency.
The Pharisees once tempted Jesus by asking Him the question, "Is it lawful to give tribute to Caesar or not?", Matthew 22:17. The sovereign nation of Israel was under the yoke of Roman rule at the time. The Jewish people were forced to pay taxes to Rome. Many in the religious establishment hated the Romans. So the Pharisees tried to trap Jesus with a question. If He answers 'no' then He is speaking against Caesar, and they would report Him to the Roman authorities as an insubordinate. If He says 'yes' then He is speaking against the religious establishment, and they would accuse Him of being a traitor to His own people. But Jesus Christ knew their thoughts. He asked them to show Him a coin. At that time shekels were minted with an image and inscription of Caesar, the governor of the Roman Empire. Jesus asked them whose image and inscription was on the coin. They said, "Caesar's". And Jesus said, "Render therefore unto Caesar the things which are Caesar's; and unto God the things that are God's".
There is a greater authority than that of Caesar. Praise God that although this world may one day come under the yoke of a global government, the government of Heaven still stands. Are you a citizen of the heavenly country? Have you trusted Jesus Christ as your Saviour? He loves you so much, He gave His life for you upon the cross, so that your sins might be forgiven and you might become a child of the King. Why don't you trust in Him for salvation today.
And it was the preparation of the passover, and about the sixth hour: and he saith unto the Jews, Behold your King! But they cried out, Away with him, away with him, crucify him. Pilate saith unto them, Shall I crucify your King? The chief priests answered, We have no king but Caesar. Then delivered he him therefore unto them to be crucified. And they took Jesus, and led him away. And he bearing his cross went forth into a place called the place of a skull, which is called in the Hebrew Golgotha. - John 19:14-17
Kazakh leader calls for single global currency - Forbes
Bank unanimous over UK rate cut - BBC