Could the current global financial crisis be a prelude to a new world order currency? Many believe this is a real possibility, but before we delve deeper into that subject and examine what some of the political and economic leaders are saying, let us first take a closer look at the New World Order theory.

What is the New World Order?

Basically, New World Order theorists believe strongly that out current world structure, presently composed of independent nation-states with national economic policies and currencies, is rapidly heading toward a collectivist one-world government, complete with a nationalist New World Order currency.

New World Order theorists believe that there exists a secretive power elite conspiring to “take over the world” and create one authoritarian government. Individual national ideologies would be replaced by one single ideology called cosmopolitanism, a dogma based on a single, shared morality.

The New World Order theorists believe that these “cosmopolitan communities” will serve as a means to group people together based on economic, and thus political privilege, forming an almost elitist club where those not privy to its advantages will suffer.

New World Order Currency: Is it Possible?

For many people, the idea of a New World Order may seem a bit crazy, but when it comes to a New World Order currency, especially in light of our current economic situation, is the idea really that far-fetched?

Without coming out and actually saying the words “new world order currency,” many political and economic leaders have made statements that have been interpreted by many as de-facto support for the idea. Last September, for example, at the very height of the global economic crisis, political leaders in Great Britain called for a “new global financial order,” in which global regulation of the financial system would be centrally coordinated.

Others, including Morgan Stanley Exec John Mack and Treasury Secretary Timothy Geithner have been quoted saying the world needs a “new global monetary authority,” one that has the power to force nations and corporations into adhering to a central policy.

Regardless of where you stand on the idea of a New World Order currency it’s difficult to ignore the possibility. The current economic crisis has furthered the debasement of the dollar, and according to many economic experts the end is nowhere in sight. A fact that has many worried that it will be used to take a new system—possibly a global system—from the realm of conspiracy theory and into reality.