telegraph.co.uk — The International Monetary Fund is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency" in an unprecedented new effort to address the economic crisis.
Mar 15, 2009 View in Crawl 4
esfisherMar 16, 2009
Exactly. There is a difference between dumb and nefarious.
angryfirelordMar 16, 2009
Well, at least they're not hiding it anymore.
whitehattrickMar 17, 2009
Too bad they're still brainwashed
egoidealMar 18, 2009
They never work, except for instances like the Great Depression.
illchillkyleMar 18, 2009
Durr hyper-inflation is on its way. It happened in germany after WW1 it will happen again... Just nobody buy gold or silver because its ueless ;) *sarcasm for you idiots out there*
Closed AccountMar 18, 2009
Check out the artist J.S.G. Boggs sometime. He kinda does, but it's not as easy as it seems.
Closed AccountMar 18, 2009
m3arvk, that has to be the funniest comment of the night. Thanks!!!
zacharytelschowMar 18, 2009
Right, but at least there's some value in gold. What value is there in paper?
rollin03Mar 18, 2009
A bad idea taken too far? Does this prove some sort of international agenda/NWO? How does it not? This money is backed by nothing but more funny money, and serves to devalue everyone's effort. Way to go, government who has not done anything successful in their personal or business lives! Say goodbye to freedom! It's important that you know that the IMF is used to bankrupt third world countries, and therefore put them under the control of fascist governments (like ours) when they can't repay their interest. Read Confessions of an Economic Hitman. That's exactly what's going to happen here with the US. Who owns the IMF?
yarcodMar 20, 2009
Just the fact that it's being discussed terrifies me.
flowkanSep 27, 2009
many currency? Problem or solution<a class="user" href="http://hubpages.com/hub/Pattern-Day-Trader" rel="nofollow">http://hubpages.com/hub/Pattern-Day-Trader</a>
nowavesOct 2, 2009
Easy money. Liquidity. Sounds nice doesn’t it. That’s how the IMF is pitching the latest idea to create billions of dollars worth of “SDRs” or Special Drawing Rights. The SDRs are euphemistically called a super-currency. It’s only a super worthless currency that steals the purchasing of most if not all other fiat currencies on the planet. A former IMF official, Simon Johnson, said, “The principle behind it is that everyone would get bonus dollars and instead of the Federal Reserve having to print them, everyone gets them. The objective is to create a windfall of cash. However if everybody goes out and spends the money it could be very inflationary.”Let’s break that down. “Everyone” is not going to get bonus dollars, only people who work for or with national governments. You, dear reader, and I get nothing. The “windfall of cash” will only benefit said parties, and everyone else will experience their share of a windfall of theft.The “economist” then adds this could be “inflationary” to further confuse the public since simply printing money is the act of inflation. What he should have said is the act “could” lead to price increases if the people who get the SDRs spend them.SDRs: yet another reason to convert your fiat money into real products.<a class="user" href="http://monetarychoice.org/2009/10/132" rel="nofollow">http://monetarychoice.org/2009/10/132</a>