Interesting piece...FOOD, OIL, COMMODITIES (gold,silver,etc) and the rest... ... "IMF stands for the International Monetary Fund. The SDR is short for Special Drawing Rights and is the currency of the IMF. The International Monetary Fund is a private bank that is used to help sovereign nations engage in international commerce. Just like if you owned a company and you used bank A, and your supplier used Bank B, the IMF would be the bank that both banks A and B used to transfer payments and credits back and forth to each other. To Company A and B (using Bank A and B) it would be seamless. But the IMF does a whole lot more for the global economy. They are the creditor of last resort for a lot of countries. For if you want to engage in international commerce in the free world (meaning the world now) you must be a part of the IMF system. Should a country that is part of this system become over leveraged because of mismanagement and debt accumulation, the IMF stands ready to come to the rescue. To understand how this relationship has worked in the past (and the present);..."... If we were to compare this to General Motors, this would be like GM buying another company and bringing it under the umbrella of the GM brand. So in this case Japan is like Pontiac and they are given free rein to run their subsidiary the way they see fit, SO LONG as they abide by the parent companies rules. This setup worked wonderfully and within a decade Japan Corp was back on its feet and was supplying cheap labor and products for US Corp and with every single barrel of oil, Japan Corp bought on the international market, it further linked them with our monetary system. To keep the Japanese citizens from feeling that it was the US Corp in charge of everything, we came up with the International Monetary Fund and the World Bank. Of course, these institutions were funded initially by the United States, Great Britain, and as such they were just pseudo US institutions. But it worked and the Japanese subsidiary of US Corp gladly bought oil and products from the United States in its own currency (the Yen) but it was linked via the IMF to the US Dollar. < For you see, US Corp linked everything that the industrial world needed to the US Dollar. All gold/oil/silver/food/etc were priced first in US Dollars and depending upon the relative “strength” of your currency to the US Dollar, this would dictate how much of your currency it would take to purchase a barrel of oil or an ounce of gold. > "...But the devil is in the details. Once the link between the US Dollar and Oil is broken the ability of the United States to print debt at will is gone forever. From that moment on it is up to the financial elites at the IMF to decide what the relative worth of the US Dollar is in comparison to the other parts of the basket...." politicalvelcraft.org/2013/04/17/the-imf-rothschilds-federal-reserve-in-the-usa-about-to-merge-the-impact-on-you-in-layman-language-so-as-to-get-up-to-speed-as-quickly-as-possible/
Posted on: Mon, 01 Jul 2013 23:51:17 +0000
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