Global "Super-Currency"... and so it begins

Finance ministers from the G20 meeting this week 'supported "unconventional measures" such as quantitative easing."'

What is "quantitative easing" you may ask? The subtitle from an article in Friday's Telegraph is informative:

The International Monetary Fund is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency" in an unprecedented new effort to address the economic crisis.

Here's a sincere quote from one of the IMF's former economists:

"The principle behind it is that everyone would get bonus dollars and instead of the Federal Reserve having to print them, everyone gets them.  The objective is to create a windfall of cash.  However if everybody goes out and spends the money it could be very inflationary."

Bonus dollars?!?  These guys have absolutely no understanding of capital theory.  Global currency - here we come.