IMF poised to print billions of dollars in 'global quantitative easing'

We The People Power,
What are we waiting for?
Everybody print and counterfeit money
coz governments do this anyway.

reply to post by ctjctjctj

LOL--no kidding.
Did you know the Secret Service was initially setup (I believe under Lincoln during the Civil War When he insisted on a single national currency) to prevent counterfeiting bcus it was sooooo easy. Then they became Presidential security- WTF?


LOL- back then the states probably feared a One-Nation Currency now we're all worried about One-World Currency.--
Banksters are probably the best comedians of all yet it's a very black comedy they tell.

Ah, the good old IMF. The vehicle for creating debt to sovereign nations.

Random nation: I have abundant natural resources or good trade partners and am capable of operating independently.
IMF backed nations: Looks like a conflict in your nation, we think somebody is trying to stage a coup.
Random nation: No, we are just fin- wait, who are these guerrillas in our capitol?!!
IMF backed nations: See, we told you there was a coup coming - right under your nose!
Random nation: Ahhh! We need support to fight the guerrillas be we don't want to be indebted to another country. We will fight our own battles.
IMF backed nations: Wow, that fighting will get nasty. Look at all the bombing!
Random nation: Oh no, all of our cities and infrastructure is being ruined!
IMF backed nations: Hmm... the damage looks widespread. No worries, we are sending in peacekeepers to squelch the resistance.

Random nation wins battle against insurgency....

IMF: Dear Random Nation, Congratulations on your victory. We would like to offer you loans to rebuild your cities and infrastructure. Don't worry, we are an international central bank. You can pay us back whenever you have the money.
Random nation: Well, we suppose. Thanks for helping the rebuilding.
IMF: We own you now. You cannot possibly pay off this debt.
Random nation:
IMF backed nations: Thanks IMF for making sure our corporations get business from the rebuilding!

For those who have not watched yet, please check out Zeitgeist
Part II "Addendum" contains some very telling information about the IMF and their generosity.
[edit on 17-3-2009 by nydsdan]

[edit on 17-3-2009 by nydsdan]

[edit on 17-3-2009 by nydsdan]

The BIS is the head of the octopus.

The rest are all operational branches used to obfuscate the revenue flow.

How coy do you think they'll be when people get around to asking, who owns the BIS?

It's a global racket.

reply to post by RcknShdw


This is part of a reply on this thread:

www.abovetopsecret.com...

posted on 6-3-2009 @ 09:21 AM

Reply to 44soulslayer:
They've announced about £75bn, and another £75bn. This will just about compensate for the wage losses in this year, and the writedowns, negative equity quotient etc.

If they start printing any more than £500bn at a go, that will mark the start of hyperinflation.

I would agree with you on that at the moment, although it is a worrying move, maybe they're just testing the water, otherwise it could be blatantly obvious what they are trying? I dunno, just guessing.

EMM

[edit on 6-3-2009 by ElectroMagnetic Multivers]

At first, the £75 billion they (and another 75 billion if its needed) suggest for this 'quantative easing' seemed to me like another way to rock the boat. Fair enough, at first, it wouldn't create a problem, it may even help...slightly, but the minute this money becomes fluid, it will flood the market and it will crash.

Now this? It's going under.

The super-currency is a bit ambiguous, I'm not too sure about that.

EMM

Edit to add:

However, economists warned that the scheme could cause a major swell of inflation around the world as the newly-created money filters through the system. The idea has been suggested by a number of key figures, including billionaire investor George Soros and US Treasury adviser Ted Truman.

I'm guessing these economists are going to get ignored. In the years to come when people ask what was the final blow to crumple the global economy, remember this.

[edit on 17-3-2009 by ElectroMagnetic Multivers]

This is not good.

Read the IMF mandate and operational procedures - if the IMF gives a nation money, then the IMF receives political influence over economic and financial decisions.

It is why Pakistan, at first, was reluctant to ask for a loan and why Venezuela left the IMF.

The IMF gold holdings are actually those of member countries. This is obviously an attempt at One World Gov't, however I don't think it will 'take' on the first try and wars will break out between countries who actually saved money instead of going into massive Debt. I'm sure that Debtor countries would have no problem joining a One World Currency cause then they get to foist off their Debt on someone else. The Creditors however will see it for what it is, Outright Theft of their Savings. This being the same way inflation is used in individual countries against individual Savers.

Competitive currency devaluation will precede the major push for currency changes and tensions will rise. If a global currency is attempted by force anything could happen.

I hate to say this, but it sounds like we'll be seeing a One World Government in our life time. Get ready everyone.

reply to post by Dark Jester


Of course we are.

The international credit market is about to be centralised.

reply to post by HimWhoHathAnEar


I agree about “Competitive Devaluation of currencies” and believe this to be the only common ground to form a NWO and common currency. You have an excellent point about global hyperinflation. I’m prepared for stagflation, deflation and inflation but global hyperinflation is where we are heading with the IMF printing worthless paper (credits) not backed by GDP or anything. I thought the IMF was strongly regulated to avoid this crisis from happening again, yet they seem to be creating more of it. The G20 must have agreed on this. Global stimulus?? Scary!

reply to post by Dark Jester


Youre right we will see a one world government in our lifetime! I don’t think a war will break out between the countries. I do believe that something catastrophic must happen first before they fully implement things. We have a G20 meeting coming up next month. I think I read the topic has something to do with how to pick up the pieces after the collapse. Don’t quote me on that but something similar.

War has a nasty habit of following economic problems between countries. Stealing or attempting to steal another countrys savings through inflation or other means usually tends to get them a little riled up. Thus the rumblings from China about our Debt and how we better make good on it.

Course now all the gung-ho 'america can beat down everyone' crowd comes in and waxes eloquent with nomenclatures galore and self aggrandizement. In a technological age it doesn't take much to bring down sophisticated adversaries, say a couple EMP's over CONUS, or maybe a couple in Earth orbit to take out the satellites. See blue ribbon commission on EMP Threat to Congress 2004 or China shooting down one of its own satellites a few years back for verification.

I personally believe that what a nation does has consequences and that just because it's us this time doesn't change that. Arrogance and Theft are what we have Sown. What kind of crop will we Reap?

edit to add: just to clarify my thinking on how all that ties into the topic, I absolutely see the IMF, BIS, etc as puppets of London and New York. An attempt at One World Fiat Currency would be the grand daddy of rip offs IMO and I believe the Chinese and Russians are smart enough to recognize that.

[edit on 17-3-2009 by HimWhoHathAnEar]

Wow, worked all day and things took off! I'm going to have to catch up. Just popped in real quick to add a related thread started by thomasblackraven:

At G20, Kremlin to Pitch New Currency

Scary stuff there, especially if the Russians are all for a new worldwide currency. One that they would most likely share with their enemies... Seems out of their character.

This is the tipping off point.

There is a lot of talk about the IMF flooding the currency markets, devaluing the major currencies, so that they can introduce the one world fiat currency. What if, it is not a fiat currency but the IMF returns to the gold standard? It makes sense, the elite buy gold and silver in huge quantities, push the world economy off the cliff and paper is declared dead. When the IMF 'reset' the world currency, they can then set the conversion rate from your devalued dollar to the new standard, at whatever they want, making the mega rich, mega mega mega mega rich (is that enough megas?).

It's possible, but there again you have the whole changing of current balance as far as who is holding the debt vs savings. All of the sudden debt that america owed china for instance would be wiped out if america has more gold than china. Would china go along with that? They may already be trying to dump Treasuries to avoid just such an attempt.

I'm not sure the Amazon forest has enough trees for these billions plus recycling dollars bills might be a hard task...if not impossible.

ONE WORLD CURRENCY.

All will accept it for relief for there country.
Then we are all hooked.

I think everyone so far has an amazing viewpoint! All of the situations you guys have described are potent in that the scenarios you have provided could actually happen! I don't find it difficult to imagine any of this going down. That's what's frightening!

I'm a little concerned over the Kremlin going to G20 to discuss this one world currency. Especially right after the IMF announces their plan to print billions in a supposed one world currency. I'm starting to wonder what the motives of making this public would achieve? Is it to rally support for the IMF from both governments and the general public? Is it just a bunch of rich bankers flaunting their money in our collective faces?

I really do think something major is going on here, and everyone alive today is about to witness one of the largest events to ever occur to mankind. I never thought it would happen, but the more information that is coming out in MSM about this super currency is making me change my mind...

Edited for spelling

[edit on 17-3-2009 by RcknShdw]

reply to post by RcknShdw


This is why it was problematic that the Federal Reserve stopped publishing the M3 in 2006: although other private organizations could use Fed data to calculate a similar metric, other private organizations don't have the monopoly power of the Fed (read: confidence). If the M3 calculations of two independent organizations differ by even a fraction of a percent, that could mean millions of dollars' difference in terms of risk exposure where billions or trillions of dollars worth of transactions are concerned. Corporations are risk-averse...

Here's what Jim Sinclair had to say about this issue.

Forget the media PR. Today it is in anticipation of large dollar and/or US treasury international sales hoping that rather than flooding the market with dollars in exchange for Euros, Swiss Francs, Cando’s and so on that SDRs would be sought after.

The problem with this reasoning is the same as it was at its last big introduction over 35 years ago. It is paper, worse an index against swaps, that lacks the ability to attract confidence required as we move into a hyperinflationary world. This was the meat of the objecting speech on the Senate floor more than 35 years ago and is the weakness today.

I had the privilege of writing the speech many years ago when SDRs were first introduced. The same problem with SDRs then is the same problem now - they are backed by nothing. SDRs are nothing more than pure paper and are incapable of offsetting the fear of such paper

www.jsmineset.com...