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http://www.huffingtonpost.com/ellen-brown/the-imf-catapults-from-sh_b_306665.html
Fascinating stuff. Disturbing also.
Consideration underway to turn the IMF into a World Central Bank to print money to replace the dollar.
Who owns the IMF? The same banks who own the Fed.
This just shifts the responsibility up a level but the same weaknesses and tendencies of fiat currency will will remain.
Article points out, as I have for years here, that the U.S. (or any country in the same position) has been able to live beyond its means and rack up debt by taking advantage of its ability to simply print money.
And there is a bit of lamentation in the article that now that we are broke and the end of the dollar as reserve currency is conceivable, we will have to stop borrowing and spending at the same rate, and by implication, being the world policeman.
http://en.wikipedia.org/wiki/Triffin_dilemma
But even if the reserve currency duty is shifted primarily to a new World Central Bank run by the very same folks running the Fed, they will need a police force to enforce globalization, so something will have to be worked out.
Fascinating stuff. Disturbing also.
Consideration underway to turn the IMF into a World Central Bank to print money to replace the dollar.
Who owns the IMF? The same banks who own the Fed.
This just shifts the responsibility up a level but the same weaknesses and tendencies of fiat currency will will remain.
Article points out, as I have for years here, that the U.S. (or any country in the same position) has been able to live beyond its means and rack up debt by taking advantage of its ability to simply print money.
And there is a bit of lamentation in the article that now that we are broke and the end of the dollar as reserve currency is conceivable, we will have to stop borrowing and spending at the same rate, and by implication, being the world policeman.
http://en.wikipedia.org/wiki/Triffin_dilemma
But even if the reserve currency duty is shifted primarily to a new World Central Bank run by the very same folks running the Fed, they will need a police force to enforce globalization, so something will have to be worked out.
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