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Anthony

02-10-2011 03:44 PM

IMF calls for dollar alternative - Uh oh!

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 (Post 17907364)

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_ (Post 17907369)

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 (Post 17907523)

i rest my case.

Can I have my tin foil hat now?

DWB	02-10-2011 05:43 PM

Quote:

Originally Posted by TheDoc (Post 17907378)

:2 cents:

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 (Post 17907378)

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 (Post 17907364)

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 (Post 17907378)

Who was the last president who tried that? :Oh crap

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 (Post 17907659)

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 (Post 17907844)

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_ (Post 17908510)

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 (Post 17909095)

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

and now i know why the graph only went to november :1orglaugh

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