La force du USD change la donneWhat do Special Drawing Rights and the possible collapse of the US dollar have to do with each other? Well according to some reports the SDW's would replace the US dollar as the world currency until a global currency could be devised, or something like that. For the details you can read the article below. But what this video is really about is what you can do to stop the collapse of the dollar. You might ask yourself why you should really care about the dollar collapsing. You might be thinking that as long as you can still eat and watch sports or porn on TV, then why should you even care. Well I guess if that is all that you care about, then just go back to doing those things, but if you care about the future of your country and the future of your children, then you need to take action. What you need to do is to take action this coming election. You must get involved physically. You need to hit the pavement and contact every person that you can and explain to them what is at stake. We desperately need people elected to office who are serious about stopping this runaway spending, because only in this way will the dollar have a chance of surviving. If the dollar collapses, then that is it, our country will be a basket case economically possibly forever. So get out there and change your party from the inside. If you are a democrat, change your party from the inside. If you are a republican, then change your party from the inside. If you belong to the constitutionalist party, well, don't change your party, but realize that it has no chance of electing a member to congress, so what you need to do is to join a party that is already established, and then work from the inside to change it. If the people get serious about truly changing this country, then there is nothing that we cannot do. jbranstetter04 Challenge To The USD: Special Drawing Rights? Not a week after the Fed actually begins buying $300 billion of long-term Treasuries to 'lower long term rates', a rather big ballyhoo has developed around a USD alternative currency. China, among others, has suggested there be a possible world reserve currency based on SDR Special Drawing Rights at the IMF, which are based on a basket of currencies. There have been a lot of developments affecting the US bond market and the USD, and comments by US money officials since the US just started actually implementing the Fed purchases of US long-term Treasuries. In fact, there are a lot of stories out on this, and I have been getting a lot of emails asking about what this is so we'll make a brief survey. Alternative to USD? First, before we begin, its going to be a long time before a new monetary system is willingly created to replace the USD, for various reasons. But, it can never be said that a combination of black swans (unlikely events that are catastrophic) can not occur and lead to a chaotic collapse of the USD - which is more likely the way the SDR would emerge as a USD alternative, if it does, more likely than any planned transition. Has to be forced cannot be planned Planned transitions to replace the USD have about as much chance of being approved (done in an orderly agreed manner) as hell freezing over. Too many disparate interests are involved, and if you think the pan EU currency has trouble meeting the very disparate needs of that community, imagine the USD spanning the entire world with its supposed 'replacement'definitely not an easy cake to bake. So if that's what we think, then what does all the latest story on the SDR and China bemoaning the USD mean? I mean, if I think only chaos will birth a USD replacement? And that it can't and won't ever be done in an orderly way? Well, one thing to note is that this IMF stuff really blew up in the news stories after the Fed actually took the step to monetize (purchase US treasuries directly from the Treasury). China in particular appears vexed and is leading the dialog on this new SDR from the IMF. But, in any case, I already told you my first impressions on this new significant issue, and we can now move to describing what SDRs are, before we continue our analysis What IMF SDRs are Ok, first of all, with the world rapidly running out of options to stabilize things, other than a weekly new $1 trillion US plan, it appears the IMF is being tapped by our major trade partners as a vehicle that can be used to help meet the weekly crises in various countries like the Ukraine and East Europe which are just about in freefall, and can't maintain their foreign exchange deficits. Japan recently proposed lending the IMF $100 billion worth directly. The US suggested the IMF needs $500 billion more. China states it will actively participate in an IMF bond auction to help them raise money. The IMF itself said it needs $250 billion right now to deal with the demands on it. Read the rest here: http://www.gold-eagle.com/editorials_08/laird032609.html code pour embarquer la vidéo : >>> http://www.youtube.com/embed/6-RmNjWPsLw <<< |