Accoring to the consipiricy blogs China is just starting to think about one currency. To be honest they’re a bit ahead of the game .
.. from http://www.ft.com/cms/s/0/7851925a-17a2-11de-8c9d-0000779fd2ac.html?nclick_check=1
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China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund

In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.

Analysts said the proposal was an indication of Beijing’s fears that actions being taken to save the domestic US economy would have a negative impact on China.

“This is a clear sign that China, as the largest holder of US dollar financial assets, is concerned about the potential inflationary risk of the US Federal Reserve printing money,” said Qu Hongbin, chief China economist for HSBC.

Although Mr Zhou did not mention the US dollar, the essay gave a pointed critique of the current dollar-dominated monetary system.

“The outbreak of the [current] crisis and its spillover to the entire world reflected the inherent vulnerabilities and systemic risks in the existing international monetary system,” Mr Zhou wrote.

China has little choice but to hold the bulk of its $2,000bn of foreign exchange reserves in US dollars, and this is unlikely to change in the near future.

To replace the current system, Mr Zhou suggested expanding the role of special drawing rights, which were introduced by the IMF in 1969 to support the Bretton Woods fixed exchange rate regime but became less relevant once that collapsed in the 1970s.

Today, the value of SDRs is based on a basket of four currencies – the US dollar, yen, euro and sterling – and they are used largely as a unit of account by the IMF and some other international organisations.

China’s proposal would expand the basket of currencies forming the basis of SDR valuation to all major economies and set up a settlement system between SDRs and other currencies so they could be used in international trade and financial transactions.

Countries would entrust a portion of their SDR reserves to the IMF to manage collectively on their behalf and SDRs would gradually replace existing reserve currencies.

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With the collapse of the DOW and markets across the world falling it’s time to take a step back and take a look at the origins of money, and how far this global financial crisis could go. Here’s a link to a video filmed several years ago that detail some of the origins of the FED, and how money is actually created out of nothing. Why banks don’t need gold reserves anymore and how this will impact the world economy as a whole.

http://video.google.com/videoplay?docid=7065205277695921912

This video has one of the best explanations of the banking loan system out there. It’s high production values, and description of how the FED creates money for the US government is second to none. If you haven’t seen this video, watch the first 15 minutes. The website for this video is at http://www.zeitgeistmovie.com/ where there is also an earlier production.

Gtron Solutions is reporting on 6 world bank hacks that ‘may’ have had an influence on financial affairs, or make a lot of people very wealthy.

“Gtron Solutions has just been notified that the World Bank Group network (one of largest data repositories of sensitive data) has been compromised by multiple people.

Authorities don’t know just how much or exactly what data was infiltrated but it has been confirmed that the attack was deep and wide-spread, and between the months of June and July the culprits had full access to the bank’s networks.

Two of the attacks originated from China and there are known to be at least four others, dating back as far as the summer of 2007. The most recent breach occurred last month.”

read more here http://www.gtron.com/20081010231/latest/breaking-news-world-bank-group-hacked.html

Update: There are fresh reports that the World Bank is denying this security breach click here for the link

Reinhardt was the online name of a user on the google finance group. He predicted the recent stock market crash in September to the exact day of the 15th, and posted that on July the 18th. Here’s a nice little youtube summary the background, and some of Reinhardts more obscure thinking behind it.

Reinhardt has gone on to predict the start of a new war begining with an attack on a nuclear facility Iran in the next few months. His website speaks in riddles, and can be tough going but if you fancy a peek head over to here.