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IMF Calls for Dollar Alternative
The IMF is trying to move the world away from the U.S. dollar and towards a global currency once again. In a new report entitled “Enhancing International Monetary Stability—A Role for the SDR“, the IMF details the “problems” with having the U.S. dollar as the reserve currency of the globe and the IMF discusses the potential for a larger role for SDRs (Special Drawing Rights). But the IMF certainly does not view SDRs as the “final solution” to global currency problems. Rather, the IMF considers SDRs to be a transitional phase between what we have now and a new world currency. In this newly published report, the IMF makes this point very clearly: “In the even longer run, if there were political willingness to do so, these securities could constitute an embryo of global currency.” Yes, you read that correctly. The SDR is supposed to be “an embryo” from which a global currency will one day develop. So what about the U.S. dollar and other national currencies? Well, they would just end up fading away.
CNN clearly understands what the IMF is trying to accomplish with this new report. The following is how CNN’s recent story about the new IMF report begins….
“The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency.”
That is exactly what the IMF intends to do.
They intend to have SDRs replace the U.S. dollar as the world reserve currency.
So exactly what are SDRs?
Well, “SDR” is short for Special Drawing Rights. It is a synthetic currency unit that is made up of Read more…
The Illuminati’s Secret 20 Trillion Dollar Bank
by Zen Gardner
Of all the scams, the worldwide banking system is one of the most mind-boggling. Never mind the entire false premise of fiat money and the debt system, that vast amounts of this illusory “currency” get shifted every micro-second just begs deceit and piracy.
Trouble is, if you “buy into it” you’re already ensnared, and it’s either eat, or be eaten. That’s their design.
Ownership by Whom?
The estimated value of the Rothschild family’s total holdings is at 500 Trillion dollars. So what. The entire planet is supposedly “owned” by a very small percentage of people. So?
Can anyone “own” anything? Ownership is a temporary power trip for the unenlightened–everything always gets passed on. Like the temporary unit we all live in called our body, it’s an illusion that anyone can “live forever” physically never mind truly “possess” anything if we look at things truthfully.
However…
That would be fine if it was just a matter of perception. Trouble is, these ultra-possessive creeps called the Read more…
Inflation Group Says U.S. Cities Will Be Like Egypt in Four Years
The National Inflation Association has issued a chilling new advisory in which it warns that the inflationary time bomb being created by the policies of the Federal Reserve will lead to American cities experiencing similar chaos currently unfolding in Egypt by 2015.
Egyptian dictator Hosni Mubarak has been in power for three decades and in that time has managed to handle all manner of threats to the stability of his regime. But it was the huge unrest sparked by soaring food prices that finally led the Egyptian people to launch a revolution which is likely to see Mubarak forced out of office for good.
“Food inflation in Egypt has reached 20% and citizens in the nation already spend about 40% of their monthly expenditures on food. Americans for decades have been Read more…
Treasury Five-Year Notes Advance as Bernanke Predicts Slow Growth in Jobs
Treasury five-year notes had the first back-to-back weekly gains since October as U.S. payrolls grew less than forecast and Federal Reserve Chairman Ben S. Bernanke said the labor market’s recovery will be gradual.
Yields on the notes touched the lowest level in two weeks yesterday after Labor Department data showed nonfarm payrolls expanded by 103,000 last month, versus a median forecast of 150,000 in a Bloomberg News survey. The Treasury will sell $66 billion in securities next week in the year’s first note and bond auctions.
“The five-year leads the way up, and it leads the way down,” said Brian Edmonds, head of interest-rates at Cantor Fitzgerald LP in New York, one of central bank’s 18 primary dealers. “The Fed chairman is setting expectations back further and making people aware that there aren’t a lot of quick fixes and it’s not going to turn on a dime.”
The yield on the five-year note fell five basis points yesterday, or 0.05 percentage point, to 1.96 percent, from 2.01 percent on Dec. 31, according to BGCantor Market Data. It touched 1.93 percent, the lowest since Dec. 21. The yield hadn’t declined for more than a single week at a time since Oct. 8.
Benchmark 10-year note yields rose three basis points to 3.32 percent, from 3.29 percent at the end of last week. Two- year note yields were little changed at 0.59 percent. Read more…
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