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BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)

 
force quit
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02/13/2011 12:54 AM
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BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
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.


[link to money.cnn.com]


also:


(...) China (which holds trillions of dollars in reserves) has repeatedly voiced its concern over the status of the dollar. Last month, the president of Russia Dmitry Medvedev proposed that the BRIC currencies should be included in the SDR basket. Similarly, President Sarkozy of France agreed that the yuan should be included. (...)

Read more: [link to www.ibtimes.com]

Last Edited by force quit on 02/13/2011 01:11 AM
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"Here's what we can do to change the world, right now, to a better ride. Take all that money we spend on weapons and defenses each year and instead spend it feeding and clothing and educating the poor of the world, which it would pay for many times over, not one human being excluded, and we could explore space, together, both inner and outer, forever, in peace." Bill Hicks (1961-1994)
Anonymous Coward
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United States
02/13/2011 01:26 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
What happen to gold price when it is no longer priced in USD
but in SDRS?

As mentioned in the article:
The Fund also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs.
Anonymous Coward
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United States
02/13/2011 07:48 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
This is the Trigger.
Anonymous Coward
User ID: 1264359
United States
02/13/2011 07:48 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
What happen to gold price when it is no longer priced in USD
but in SDRS?

As mentioned in the article:
The Fund also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs.
 Quoting: Anonymous Coward 1255913

Manipulation gone from Gold and Silver, Moon Shot!
BoomShanka

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Australia
02/13/2011 07:51 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
lol right so the IMF gets to dictate your exchange rate, in their favor of course, forex traders, banks, hedge funds, will like that!
What a crock of shit the IMF is not the boss of money who the fuck do they think they are?
Anonymous Coward
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Netherlands
02/13/2011 08:06 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
its one of the elements of unrest, pops up everywhere
Anonymous Coward
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United States
02/13/2011 08:07 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
This is the Trigger.
 Quoting: Anonymous Coward 1264359



Yep multiple sources are saying that the dollar is toast by March
Anonymous Coward
User ID: 337142
United States
02/13/2011 08:12 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
The Fed will go kaput.
Anonymous Coward
User ID: 1132105
United States
02/13/2011 08:14 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
The Fed will go kaput.
 Quoting: Anonymous Coward 337142



Dollar is completely losing its purchasing power... Its over for the dollar!
Anonymous Coward
User ID: 1132105
United States
02/13/2011 08:22 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
The Fed will go kaput.
 Quoting: Anonymous Coward 337142



Dollar is completely losing its purchasing power... Its over for the dollar!
 Quoting: Anonymous Coward 1132105

5a
Anonymous Coward
User ID: 1262053
United States
02/13/2011 08:33 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
And Max Keiser, add him to the list ready to replace the dollar.

They are talking about the petrodollar. I understand most countries already refuse to take USD.

Gonna be bad. All those dollars coming home. There'll be no fix for that. It'll be like a financial nuke going off.
GOP=GAY
User ID: 1249546
United States
02/13/2011 08:37 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
Let's face it....

Chinese were busy printing RMB's. I don't have any trust in russian ruble or euro. SDR is a way for every currency to be part of reserve.

I don't see what chinese are saying, what is the matter if reserve is a dollar or not, as long as you artificially manipulate your currency to be pegged to US dollar - this move is completely irrelevant. Now if they claim that they would be pegged to SDR - it would be a different story ( i don't think they can afford it ). Most US companies will pull out.

Clearly the problem is bogus US "free trade" policy.
DaveGillie

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United States
02/13/2011 08:42 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
can you spell " 666 " ??


Guess we better learn to BARTER
www.DaveGillie.com
Anonymous Coward
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United States
02/13/2011 08:42 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
Different sizes of gold and silver coins is supposed to be what the U.S. uses, says so right in the constitution.
Anonymous Coward
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United States
02/13/2011 08:47 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
Use 'em or looze 'em....

Just sayin...
Anonymous Coward
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Brazil
02/13/2011 08:48 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
Dollar is completely losing its purchasing power... Its over for the dollar!
 Quoting: Anonymous Coward 1132105


Yeah. The problem is that even the proverbial shoeshiner knows that by now.

Hmmm...
force quit  (OP)

User ID: 1264417
Germany
02/13/2011 09:29 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
This is the Trigger.
 Quoting: Anonymous Coward 1264359



yup

mods, pin please!
.




"Here's what we can do to change the world, right now, to a better ride. Take all that money we spend on weapons and defenses each year and instead spend it feeding and clothing and educating the poor of the world, which it would pay for many times over, not one human being excluded, and we could explore space, together, both inner and outer, forever, in peace." Bill Hicks (1961-1994)
Anonymous Coward
User ID: 1260049
China
02/13/2011 09:43 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
The problem is that we let institutions that created all this mess in the first place suggest a new system. What a farce.
paul uk
User ID: 1264495
United Kingdom
02/13/2011 11:35 AM
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Re: BREAKING: IMF, France, China & Russia Call For Alternative To Dollar As World Currency!!!!!!!! (One World Currency A Step Closer)
The problem is that we let institutions that created all this mess in the first place suggest a new system. What a farce.
 Quoting: Anonymous Coward 1260049

This will happen,a dumby run was the euro dollar,single curencey all part of NWO,all part of stopping paper money for good and it becoming eletronic money(like it is already)the the RFID chip will be the new money,we are seeing prophecy being forfilled in front of our eyes Revelation chapter 13,verse16-18..........." 16 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or[f] the name of the beast, or the number of his name.
18 Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666.(RFID chip will have YOUR personal 18 digit number)





GLP