Special Drawing Rights IMF plan

The IMF, World bank and Central banks of the UK and the US want to flood the world economy from another source, and basically force Europe to inflate their currency as well. Its intent is to destroy the currencies to a lever where the US assets held by China and other countries will be worthless and all real assets have been appropriated by the banks..

Category:

News & Politics

Tags:

• special
• drawing
• rights
• cdo
• cds
• credit
• default
• swaps
• inflation
• deflation
• geitner
• bernanke

[cpswyl2]

Thanks for another informative clip. How are the banks appropriating assets?

[eurogoldexchange]

When you apply for a loan from the bank, the bank at that time creates the money to loan you, backing it up with whatever you want to use the money for (in case of a mortgage, your house). Banks thus swap fiat currency for hard assest and slowly become owner of everything in the real economy. All that while if they would not exist, they would not be needed. There would only be a real economy.

[TheSaccasa]

TheEuro is almost toast. so what now ?

[openyourmind678]

@stillnessONtheWAY I was not adamant about it working so slow your role. besides, the system we have doesn't work, and the fluctuation of competing currencies by fabricated money isn't exactly the best thing. I don't think there is going to be any retraction in policy bringing us back to a Gold standard, while the notion is pleasant.

[stillnessONtheWAY]

@openyourmind678

You must be insane if you think this will work or benefit you and me and rest of the folks. This only benefits those who control your monetary system, and am damn sure its not your country that controls it. You need to educate yourself first on what central banks aka federal reserves are and who controls them and sits on their boards, WAKE UP.

[stillnessONtheWAY]

@WHEREtheFUNK

Just because you dont participate in this scam does not mean your country is not. You need to understand that NO COUNTRY prints/controls its monetary system, NONE, therefore no country has its sovereignty. All countries borrow money from private organizations we call central banks or federal reserves. There is nothing federal about it and there are no reserves for you nor your country. UNDERSTAND THIS PEOPLE and wrap your heads around this really good until it sinks in

[runjikol]

SDR's are defined by international standards organisationin the ISO 4217. It is listed as XDR.

Most maritime legislation demands insurance on vessels is kept in SDR units.

[peterjames2001]

Its not as though you have an invested interest to misinform people! You’re a gold exchange? The currency is either going to be Gold or SDR, Gold is a physical item but it’s not a realistic currency when you have countries storing trillions of gold, where do people get their money from? SDR is a logical idea and it balances global currencies, and if a country artificially inflates their currency it has little impact on the balance of the remaining currencies. SDRs will happen its just when?

[cardabanks]

I guess you would have to define "work".

If by work you mean 1 entity having a monopoly on issuing a global fiat currency, then yeah it will work. = Economic Slavery.

The question what are we going to do about it?

Our monetary system is a debt creation system. Our money is fake, all it is, is a promise to pay. So we are paying one debt with another debt. Makes sense right.

Research "Accepted for Value" or Accepted as Value"

Be Blessed

[WHEREtheFUNK]

thanks. We will be fine. same to you

[verdemanthe1]

depressions happen,good luck

[WHEREtheFUNK]

you are correct... if I run out of money. I dont anticipate that happening but if it does I have other plans