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The Financial New World Order Continued from page 81 phoenix would probably start as a Representatives Committee on cocktail of national currencies, just Banking and Financial Services. In "There would be no such thing, for as the Special Drawing Right is her testimony,” she stated: "The instance, as a national monetary today. In time, though, its value continued expansion of free trade, policy. The world phoenix supply against national currencies would the increased integration of would be fixed by a new central cease to matter, because people financial markets and the advent of bank, descended perhaps from the would choose it for its convenience electronic commerce are all working IMF. The world inflation rate—and and the stability of its purchasing to bring about the need for an hence, within narrow margins, each_ power." The last sentence stated: international monetary standard—a national inflation rate—would be in "Pencil in the phoenix for around — global unit of account." its charge. Each country could use 2018, and welcome it when it Shelton explained: "Regional taxes and public spending to offset comes." currency unions seem to be the next Representatives Committee on Banking and Financial Services. In her testimony,” she stated: "The continued expansion of free trade, the increased integration of financial markets and the advent of electronic commerce are all working to bring about the need for an international monetary standard—a global unit of account." Shelton explained: "Regional currency unions seem to be the next step in the evolution toward some kind of global monetary order. Europe has already adopted a single currency. Asia may organize into a regional currency bloc to offer protection against speculative assaults on the individual currencies of weaker nations. Numerous countries in Latin America are considering various monetary arrangements to insulate them from financial contagion and avoid the economic consequences’ of devaluation. "There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new centra bank, descended perhaps from the IMF. The world inflation rate—and hence, within narrow margins, each national inflation rate—would be in its charge. Each country could use taxes and public spending to offse temporary falls in demand, but i would have to borrow rather than print money to finance its budge deficit." The author admitted: "This means a big loss of economic sovereignty, but the trends tha make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or- less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world." The article concluded: "The Recommendations for a Global Currency n 1998, IMF Survey discussed a speech given by James Tobin, a prominent American economist, in which he argued that "[a] single global currency might offer a viable alternative to the floating rate". He further stated that there was "still a great need...for lenders of last resort".” n 1999, economist Judy Shelton addressed the US House of "The ... recent release ... Secrets of the Mysterious Valley by Christopher O'Brien $38.50 (includes postage) No other region in North America features the variety and intensity of unusual phenomena found in the world's largest alpine valley, the San Luis Valley of Colorado and New Mexico. Since 1989, Christopher O'Brien has documented thousands of high-strange accounts that report UFOs, ghosts, crypto-creatures, cattle mutilations, skinwalkers and sorcerers, along with portal areas, secret underground bases and covert military activity. 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