New World Currency - Mark One for the Conspiracy Theorists

We're starting to hear calls for the IMF to create a new reserve currency. Imo, this is bad for the US, US allies, and the world, in that order.

People have been talking about hyper-inflation for a while, but it hasn't hit yet. Between Washington's proposed social programs, wars, bailouts, and money creation, our paper money should be worthless at this point. If China, India, and other debt holders drop the dollar, it will hit. A new reserve currency would help accomplish this.

But what's really going on? I think (international) bankers are jumping ship. The Fed audit has them scared, they've drained the dollar of its value, and now they want to move on to something bigger and better without accountability and traditional US morality hindering them.

Stealing through money creation only works when there are a lot of people holding that currency. At first it was all US citizens, then other countries started pegging to the dollar and holding the dollar. In the current situation, where the US in in debt and the rest of the world holds dollars; when we create money we're stealing from the Chinese and guys stuffing dollar bills under their mattresses in Mexico.

Oh, and before I forget - all the foreclosures we've had are basically a way to steal from the international community who bought our securitized debt obligations (mortgages). Though the bailouts reduced that theft.

So, the world's pretty mad at the US right now. And they should be. But a new reserve currency is a bad idea for everyone. The new currency would give bankers more opportunity for abuse, not less. In the US there are still folks like Ron Paul who are trying to hold the bankers responsible. He's getting a lot of support domestically and, I believe, internationally. As soon as you move to the new currency, it becomes much more difficult to hold the bankers responsible. Which is what they want, and is probably why there are so many otherwise bad ideas coming out of Washington right now: they're trying to scare world leaders into a new currency that will be easy to abuse. Don't do it. Help the US keep the banksters honest - don't play into their hands. My advice is to dump some of your dollars, which will cause inflation and force the US to work instead of steal; buy durable goods and commodities; and diversify your currency holdings - but you're already doing that, aren't you?