IMF calls for dollar alternative - Uh oh! - GoFuckYourself.com

Anthony · 02-10-2011, 03:44 PM

Quote:

NEW YORK (CNNMoney) -- The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency.

The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.

SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The IMF typically lends countries funds denominated in SDRs

While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar

More here:
http://money.cnn.com/2011/02/10/markets/dollar/

This could well end the USA as we know it. Without the ability to print out money due to being the world's reserve currency, causing hyper inflation. People in the USA would be hoping for the last 10 years of "recession".

IllTestYourGirls · 02-10-2011, 03:53 PM

Thank you Big Ben.

woj · 02-10-2011, 03:59 PM

don't they propose the same thing every year, and each time nothing happens?

_Richard_ · 02-10-2011, 03:59 PM

that won't help

Agent 488 · 02-10-2011, 04:05 PM

have heard this every year for god know how knows long with the same responses of "NWO!" and "USA USA!"

_Richard_ · 02-10-2011, 04:08 PM

Quote:

Originally Posted by Agent 488

have heard this every year for god know how knows long with the same responses of "NWO!" and "USA USA!"

ever hear the chinese and russians suggest the very same thing?

TheDoc · 02-10-2011, 04:14 PM

All America has to do is remove the applied Interest on our own money loaned to the Fed for the last 80ish years, and we wouldn't be in debt anymore, instantly...

People, it's not like we really trillions in debt, it's IMPOSSIBLE to pay the debt off when it's being paid off with money that has debt interested applied to it. Interest, we just made up out of thin air...

Remove it and you instantly have the richest nation in the world - every other Country in the world, knows this.

Agent 488 · 02-10-2011, 04:15 PM

Quote:

Originally Posted by _Richard_

ever hear the chinese and russians suggest the very same thing?

yes. last few years since the financial crisis.

Dcat · 02-10-2011, 05:24 PM

For what ever we've been conned into believing, a global currency backed by SDR's has been the plan all along. What do you think this planned "recession" is all about? Where do you think this is all leading to? What we are living through right now is the systematic and orderly destruction of USA, and the $USD as the global reserve currency.

Give it time, the ramifications of this will start to sink in eventually. Until then, keep passing out the tin foil hats.

Agent 488 · 02-10-2011, 05:27 PM

i rest my case.

Dcat · 02-10-2011, 05:30 PM

Quote:

Originally Posted by Agent 488

i rest my case.

Can I have my tin foil hat now?

DWB · 02-10-2011, 05:43 PM

Quote:

Originally Posted by TheDoc

All America has to do is remove the applied Interest on our own money loaned to the Fed for the last 80ish years, and we wouldn't be in debt anymore, instantly...

People, it's not like we really trillions in debt, it's IMPOSSIBLE to pay the debt off when it's being paid off with money that has debt interested applied to it. Interest, we just made up out of thin air...

Remove it and you instantly have the richest nation in the world - every other Country in the world, knows this.

Amazing to think everything is being crippled by something that doesn't even physically exist.

Dcat · 02-10-2011, 05:52 PM

Quote:

Originally Posted by TheDoc

All America has to do is remove the applied Interest on our own money loaned to the Fed for the last 80ish years, and we wouldn't be in debt anymore, instantly...

People, it's not like we really trillions in debt, it's IMPOSSIBLE to pay the debt off when it's being paid off with money that has debt interested applied to it. Interest, we just made up out of thin air...

Remove it and you instantly have the richest nation in the world - every other Country in the world, knows this.

That is true, but the money powers would NEVER let that happen.

The debt based monetary system keeps you in perpetual debt bondage to them, and that's the way they like it.

Dcat · 02-10-2011, 05:54 PM

Quote:

Originally Posted by Agent 488

have heard this every year for god know how knows long with the same responses of "NWO!" and "USA USA!"

Oh, and just for the record. ..The reason why you've been hearing about this for some time now is because it's been in the works (flying under the radar) for a long time.

Now it's here, in your face, PRESTO! ..not such a big "conspiracy theory" now is it?

Anyways, I'm out.

L8R

IllTestYourGirls · 02-10-2011, 06:40 PM

Quote:

Originally Posted by TheDoc

All America has to do is remove the applied Interest on our own money loaned to the Fed for the last 80ish years, and we wouldn't be in debt anymore, instantly...

People, it's not like we really trillions in debt, it's IMPOSSIBLE to pay the debt off when it's being paid off with money that has debt interested applied to it. Interest, we just made up out of thin air...

Remove it and you instantly have the richest nation in the world - every other Country in the world, knows this.

Who was the last president who tried that?

Dappz · 02-10-2011, 06:51 PM

ummmmmmmmmmmm this is not a good sign for the USA if this happen.......

DEA - banned for life · 02-10-2011, 07:05 PM

whats the alernative?

_Richard_ · 02-10-2011, 07:16 PM

Quote:

Originally Posted by DEA

whats the alernative?

there isn't any, china gets dragged into the fold

DateDoc · 02-10-2011, 10:23 PM

China is no longer the biggest holder of US Treasury Debt. Japan is. China had gone from holding close to $1 trillion in bonds to around $750 billion over the last 4-6 months.

_Richard_ · 02-11-2011, 08:56 AM

Quote:

Originally Posted by DateDoc

China is no longer the biggest holder of US Treasury Debt. Japan is. China had gone from holding close to $1 trillion in bonds to around $750 billion over the last 4-6 months.

where did you see that? the graph i found goes up to nov 2010

CoolHandLuke · 02-11-2011, 11:10 AM

Wont happen in my lifetime...

DateDoc · 02-11-2011, 12:49 PM

Quote:

Originally Posted by _Richard_

where did you see that? the graph i found goes up to nov 2010

http://www.guardian.co.uk/business/2...treasury-bonds

_Richard_ · 02-11-2011, 12:55 PM

Quote:

Originally Posted by DateDoc

http://www.guardian.co.uk/business/2...treasury-bonds

and now i know why the graph only went to november

02-10-2011, 03:53 PM	#2
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	Thank you Big Ben. __________________

02-10-2011, 03:59 PM	#3
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	don't they propose the same thing every year, and each time nothing happens? __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

02-10-2011, 04:14 PM	#7
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	All America has to do is remove the applied Interest on our own money loaned to the Fed for the last 80ish years, and we wouldn't be in debt anymore, instantly... People, it's not like we really trillions in debt, it's IMPOSSIBLE to pay the debt off when it's being paid off with money that has debt interested applied to it. Interest, we just made up out of thin air... Remove it and you instantly have the richest nation in the world - every other Country in the world, knows this. __________________ ~TheDoc - ICQ7765825 It's all disambiguation Last edited by TheDoc; 02-10-2011 at 04:15 PM..

02-10-2011, 06:51 PM	#16
Dappz Confirmed User Join Date: Dec 2009 Posts: 997	ummmmmmmmmmmm this is not a good sign for the USA if this happen....... __________________ Hentai Artist * Draw My Anime * HentaiLovers * hentaiG4H * ICQ : 657458

02-10-2011, 10:23 PM	#19
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	China is no longer the biggest holder of US Treasury Debt. Japan is. China had gone from holding close to $1 trillion in bonds to around $750 billion over the last 4-6 months. __________________

02-10-2011, 03:59 PM	#4
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Vancouver Posts: 30,986	that won't help

02-10-2011, 04:05 PM	#5
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	have heard this every year for god know how knows long with the same responses of "NWO!" and "USA USA!"

02-10-2011, 05:24 PM	#9
Dcat Confirmed User Industry Role: Join Date: Aug 2003 Location: Mexico Posts: 1,607	For what ever we've been conned into believing, a global currency backed by SDR's has been the plan all along. What do you think this planned "recession" is all about? Where do you think this is all leading to? What we are living through right now is the systematic and orderly destruction of USA, and the $USD as the global reserve currency. Give it time, the ramifications of this will start to sink in eventually. Until then, keep passing out the tin foil hats.

02-10-2011, 05:27 PM	#10
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	i rest my case.

02-10-2011, 07:05 PM	#17
DEA - banned for life V.I.P. Join Date: Nov 2004 Location: InYour Head Posts: 7,886	whats the alernative?

02-11-2011, 11:10 AM	#21
CoolHandLuke Registered User Industry Role: Join Date: Feb 2011 Location: Pacific Northwest Posts: 6	Wont happen in my lifetime... __________________ * No Sig Currently *