How do we get out of at least a dollar collapse?
By Daniel at 18 May, 2009, 12:50 am
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I have a guess and it is only a guess and isn’t supported by anything I know of. If it is, please let me know of any articles that might support it.
The IMF announces their “test” of SDR’s as an acceptable global currency has been successful. They then state, they will accept any nation’s holding of U.S. debt and/or dollars at a 1 to 1 exchange of dollars or a float rate they have set or some discount (lean toward discount).
Then when they have the dollars and debt, they announce they will hold that debt at a very low interest rate that allows the U.S. to reform and rebuild its economy without the burden of a large interest payment.
The U.S. announces a national healthcare program, thus reducing the costs to many U.S. businesses and other reforms and a global economic recovery begins. While the demand for the dollar is gone, it isn’t the same problem due to the IMF and World Bank holding the trillions of U.S. Debt. They might even be willing to take on the trust fund debt at a lower rate.
Anyway, since the IMF and World Bank are the creation of the Banking Cartel that Created the Federal Reserve and that we served so well for so many decades with our military and funding, maybe they plan to “save” us as they move to a global financial system and global currency.
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