China and Russia Call for a New One World Currency

By Jimmy DeYoung from Bible Prophecy Today

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.

See more on The Rise of The Fourth Kingdom.