The next time the IMF issues cash and not credit/debt will be the first time. They seem to be phrasing this as giving everyone a cheque.
That is a poorly written article. I think it's from the UK Times.Let's break it down:"senior figures in the US Treasury have been encouraging the Fund to issue hundreds of billions of dollars worth of so-called Special Drawing Rights"Here's a brand new term: Special Drawing Rights.Can I get a definition, perhaps in legalese so that the threat to American sovereignty is made apparent.Let's dig in a bit more. Look at this quote:"... by printing billions of dollars ..."The IMF is going to increase the M3? And how would that work? Will the IMF be buying Treasuries -- thus further inflating the bubble in Treasuries?Soros is behind it. Moving on. Analyze this quote:"The principle behind it is that everyone would get bonus dollars and instead of the Federal Reserve having to print them, everyone gets them."Who is "everyone" and how would they "get" "bonus dollars"?Finally, let's unwind the next bit of text:"The objective is to create a windfall of cash. However if everybody goes out and spends the money it could be very inflationary."The value of anything is guaged by its perceived scarcity. A "windfall" of Federal Reserve Notes created as needed in an uncoordinated manner by numerous "banking" entities would, in my opinion, dramatically reduce the value of the Federal Reserve Note (FRN). It would allow foreign banking institutions and investors to MONETIZE their bad bets in Federal Reserve Notes. It would expand the bad bet money laundering role of the Fed to the IMF.Ultimately, the FRN would become a pawn to be sacrificed strategically and in a timely manner. After the first round of bad bet laundering, expect FRN-dumping to begin in earnest.If allowed to go forward, empowering the IMF to delegate FRN-creation to international banking entites would represent a coup, a major coup.For those opposed to the Fed, it represents the spawning of the hydra already running rampant.
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The next time the IMF issues cash and not credit/debt will be the first time. They seem to be phrasing this as giving everyone a cheque.
ReplyDeleteThat is a poorly written article. I think it's from the UK Times.
ReplyDeleteLet's break it down:
"senior figures in the US Treasury have been encouraging the Fund to issue hundreds of billions of dollars worth of so-called Special Drawing Rights"
Here's a brand new term: Special Drawing Rights.
Can I get a definition, perhaps in legalese so that the threat to American sovereignty is made apparent.
Let's dig in a bit more. Look at this quote:
"... by printing billions of dollars ..."
The IMF is going to increase the M3? And how would that work? Will the IMF be buying Treasuries -- thus further inflating the bubble in Treasuries?
Soros is behind it.
Moving on. Analyze this quote:
"The principle behind it is that everyone would get bonus dollars and instead of the Federal Reserve having to print them, everyone gets them."
Who is "everyone" and how would they "get" "bonus dollars"?
Finally, let's unwind the next bit of text:
"The objective is to create a windfall of cash. However if everybody goes out and spends the money it could be very inflationary."
The value of anything is guaged by its perceived scarcity. A "windfall" of Federal Reserve Notes created as needed in an uncoordinated manner by numerous "banking" entities would, in my opinion, dramatically reduce the value of the Federal Reserve Note (FRN). It would allow foreign banking institutions and investors to MONETIZE their bad bets in Federal Reserve Notes. It would expand the bad bet money laundering role of the Fed to the IMF.
Ultimately, the FRN would become a pawn to be sacrificed strategically and in a timely manner. After the first round of bad bet laundering, expect FRN-dumping to begin in earnest.
If allowed to go forward, empowering the IMF to delegate FRN-creation to international banking entites would represent a coup, a major coup.
For those opposed to the Fed, it represents the spawning of the hydra already running rampant.