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Posts Tagged ‘referenda’

On the July 1, 2012 episode of TVO’s The Agenda with Steve Paikin, David Rothkopf, Council on Foreign Relations member and former managing director of Kissinger and Associates, said (at 12:08):

The fundamental right of a state is to print its own money.

Yet he previously said that only about 15 countries have the power to exercise the powers of a true state, and he downplayed the ability of a state to issue its own currency by pointing to the existence of (trillions of dollars of) derivatives.

That is a clear red herring, as Iceland is a tiny country that has turned things around economically since their currency lost 80% of its value in only four months back in 2008, and whose residents have voted twice in referenda to not be saddled with the derivative liabilities incurred by their private banks.

Not only do states have the power to print their own currency, but more importantly, they have the power to issue their currency debt and interest-free, which is something globalist David Rothkopf isn’t in the business of advocating.

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