Killing the Dollar: G20 & IMF Push for Global Fed, Global Currency
While headline stories about averting the dangers of an international “currency war” dominated news coverage of the recently concluded G20 meeting in Moscow, the real unreported story is that the global gathering of central bankers and finance ministers is pushing forward with their plan for “supersizing” the International Monetary Fund. The end goal is to transform the IMF into a global Federal Reserve, with the ability to flood the world with huge new volumes of loans and currency. It would also wield vast financial regulatory powers.
The IMF’s unit of account, or “currency,” known as a Special Drawing Right (SDR), is being readied for eventual adoption as the replacement for the U.S. dollar in international transactions, to lead the way toward eventual adoption of the SDR or some other designated unit as the global currency, much in the same way that the euro was foisted upon the people of Europe as a replacement of their national currencies.
The mainstream media seem intent on keeping the public fixated on the latest Kardashian frolics, sportsmania, and Democrat-Republican political mudwrestling, while coverage of the G7, G20, and IMF confabs that are determining the economic fate of the world receive short shrift. And the little reporting of these events that does leak out usually amounts to little more than regurgitation of the pre-scripted talking points of the conference principals. Over the past four years, The New American has published numerous articles detailing the radical plans currently underway for the total destruction of the dollar and the plans for supersizing the IMF into a global Fed. …
Expanding a single monopoly ponzi scheme to a global domain will not make its mathematically dictated unsustainability go away. It just digs us in deeper while further enriching the bankster scam artists that pushed the “federal” reserve on us a century ago.
There are at least 3 mechanisms by which this country has been massively looted by the controllers of the “fed”.
- Interest payments on the fictitious “national debt”. Almost $9 trillion since 1988 alone. http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm. All completely needless and pointless.
- Orchestrated boom/bust cycles which enrich the insiders who know where to put their money (based on the monetary policies they formulate behind closed doors) which is then used to purchase real assets from desperate people for pennies on the dollar.
- Inflation. The dollar has lost over 95% of its value since the “fed” came into existence, even by the official estimate which is based on the doctored CPI numbers. ( http://www.shadowstats.com/inflation_calculator?amount1=100&y1=2013&m1=1&y2=1914&m2=1&calc=Find+Out ) And this was not a uniform process: dollars are fully diluted in value only when they reach the street level and come into equilibrium with the real economy. The people at the top of the food chain get the full current value of each dollar they spend before it dilutes the dollars in circulation. Like debt-based money, this is a recipe for concentration of real wealth.
When you consider the fact that dollars come from nowhere, are printed into existence and that “debt” has no meaning when one of the parties to a transaction contribute nothing to it, the full scale of the fraud begins to come into view. The founders knew these things, that’s why they explicitly gave congress the power to “coin” money (coin meaning to create, as in coin a phrase). And mysteriously these elementary facts about money and monetary history are virtually unknown. It just goes to show what money can buy: historical amnesia and autism. And now, with the economy mortally wounded by greenspan’s bubbles, the mortgage fraud and the export of our industrial infrastructure, the endgame of the owners of the fed are coming into full view. Mass depopulation is the only orderly solution. It’s not a coincidence that all these false flag massacres and assaults on the 2nd amendment are happening now.
For an elegant solution to the problem which would eliminate the national debt overnight (without disrupting the markets) and democratize the money system as the founders envisioned, see http://www.monetary.org
And if you’re not convinced that the “fed” is a private corporation, avail yourself of the delaware corporate registration web site at https://delecorp.delaware.gov/tin/GINameSearch.jsp . Enter “federal reserve” or file number 0042817 in the search field. Who controls the fed controls the economy.