FINAL WARNING: Financial Background
may be experiencing the final transition to the “new money.”This transitional currency may be just another step in testing the
public’s willingness to accept economic change. The Reserve formally
had about seven currency sorting machines which counted up to
55,000 bills per minute, but by the end of 1983, they had received 110
new machines which could count up to 72,000 bills per minute. Jane
Kettleson, an economic consultant to the U.S. Paper Exchange, said
that, “the FED will have the capability to physically replace the entire U.
S. currency in circulation in just four days time.”The International Monetary Fund has been responsible for the decline
of our dollar, and our present economic situation. The first step to
initiating this ‘crash’ was the Monetary Control Act of 1980, which
instead of a 6:1 ratio, mandated the Federal Reserve to only have one
dollar on deposit for every twelve they create. Further plans were made
during a meeting of Western leaders at Williamsburg, Virginia, on May
28-30, 1983.International cooperation has been intense to coordinate currency
changes among its member governments. In 1985, officials from the
Morgan Bank in New York met with the Credit Lyonnais Bank in
France. They established the European Currency Unit Banking
Association (ECUBA), to get world cooperation for a unified currency,
and had support from bankers in Europe, Japan, and the United States.
It was an offshoot of the Banking Federation of the European
Community (BFEC), which has been engaged in shutting down small
banks in order to develop a conglomerate of a few huge banks. In
October, 1987, the Association for the Monetary Union of Europe
(AMUE), secretly met and recommended that the ECU (European
Currency Unit) replace existing national currencies; and that all
European Central Banks be combined into one and issue the ECU as
the official unified currency (which is scheduled to occur in the year
2000). It is believed that the plan is to have only three central banks in
the world: The Federal Reserve Bank, the European Central Bank, and
the Central Bank of Japan. In a June, 1989 hearing of the Senate
Banking Securities Subcommittee, Alan Greenspan, Chairman of the
Federal Reserve, said that exchange rates could be fixed in order to
solve the problem of uniformity between the currencies of various
nations.