The scandal-ridden and highly secretive Bank For International Settlements, considered to be the world's top central banking policy, has released a policy paper that calls for the end of national currencies in favor of a global model of currency formats.

The BIS is a branch of the of the Bretton-Woods International Financial architecture and closely allied with the Bilderberg Group. It is controlled by an inner elite that represents all the world's major central banking institutions. John Maynard Keynes, perhaps the most influential economist of all time, wanted it closed down as it was used to launder money for the Nazis in World War II.

Buried in a London Telegraph report on UK inflation rates is the admission that the BIS, "has also suggested ditching many national currencies in favour of a small number of formal currency blocks based on the dollar, euro and renminbi or yen."

Centralized control of currency is a keystone pillar in the construction of global government.

The eventual goal is a cashless society credit system based on a worldwide citizen ID. Those designated as subversives or security threats will have their credit entitlement reduced and restrictions will be placed on when and what they can buy or sell. A world tax will be levied on all purchases.

In the meantime new denominations of paper money will be tracked and traced. Euro notes come with RFID tags as standard and the same feature is being incorporated into newly designed US dollar notes.

Last month the United Nations made a promise to save the world from all its ills in return for complete elimination of national sovereignty and financial markets and their replacement by a proxy world government.

The so-called 'conservative Bush administration have done everything in their power to destroy the last vestiges of American sovereignty, including increasing deficit spending beyond the level of all previous 42 administrations put together, signing legislation anathema to the Constitution, promoting global government and anti-American trade deals like CAFTA and the FTAA, and attempting to 'solve' the illegal immigration problem by enacting blanket amnesty.