According to the latest Illuminati meeting in Vegas last fall, 2013 but we are still behind schedule.

A global currency would probably happen before a global government and that’s not too far off into the future. Our current Treasury Secretary believes we should have one.

The rest of the world (outside the United States) would probably MUCH prefer that the predominant currency of the world not be the United States Dollar. I don’t blame them at all. Our irresponsible fiscal policies have penalized every overseas investor and institution holding dollars and US securities.

And I can see why Treasury Secretary Geithner would like to see a world currency - it would provide a safe haven for the US to place its assets in, and allow us to benefit from other countries’ more conservative fiscal policies. I give it another ten years for the world’s banking community to decide to move to a currency not tied to the US economy for fiscal transactions.

The question is "Whose?" Saying that the Euro is more sound than the dollar is like saying your second wife is prettier than your first - the assessment is not carved in stone. The World Bank is not going to be able to afford to set up a stable world currency, because almost all of its outstanding loans are bad paper of the sort that makes American third mortgages look like blue chip stocks. Apart from the euro, there are no other currencies based on a large population and large economy that look good to replace the dollar. And the euro is potentially susceptible to the same domestic political pressures that hurt the dollar so badly.

The Chinese are potentially in a position to replace the dollar, but guess what: their economy is based largely on massive holdings of US dollars and US treasury bonds, so when the dollar goes through problems, so does the yuan by extension. A really bad recession -worse than we have now - would hurt China BADLY, because they sell stuff to relatively affluent Americans. The US could very easily shut down Chinese imports and survive economically while China suffered a massive shortfall of orders and national income.

There really is no outlook in the foreseeable future for one world government. The UN General Assembly has shown itself to be very unstable and overall crooked and short-sighted; the UN Security Council is like the police station downtown - unsuited to the tasks of everyday government.