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Posts Tagged ‘global financial system’

Finance expert warns 1987-style market crash coming in last half of 2013

August 14, 2013 Comments off

naturalnews.com

crash(NaturalNews) Not much prone to gimmicky pronouncements or over-hyped predilections, a noted financial expert says hold onto your 401k and investment portfolio, because by the second half of this year, there could be a major financial disaster not unlike the market crash of 1987.

Per CNBC:

The S&P has rallied 19 percent in 2013, which is impressive by any measure. But the market did far better in 1987, when stocks added more than 30 percent from the beginning of the year to Aug. 8. The problem? The market ended up tanking in the second half of that year – dropping 36 percent from the Aug. 25 peak to the October low, before closing out 1987 nearly exactly where it began.

And now, the publisher of the Gloom, Boom & Doom Report, Marc Faber, believes the very same cycle will repeat itself later this year.

‘Some of the tailwinds are no longer in place’

“In 1987, we had a very powerful rally, but also earnings were no longer rising substantially, and the market became Read more…

IMF Calls for Dollar Alternative

February 11, 2011 1 comment

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…