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Thread: Fiat Currency

  1. #1

    Fiat Currency

    Fiat Currency

    The IMF officially green-lighted the acceptance of

    China’s currency – the Yuan– into the IMF’s

    foreign exchange basket. According to Reuters,

    this move paves the way for the IMF to place the Yuan

    on a par with the US dollar. This is the latest in a

    series of global developments that threatens to eliminate

    the US dollar as the world’s reserve currency.

    Experts predict this announcement will trigger one

    of the most profound transfers of wealth in our lifetime.

    So if you want to protect your savings & retirement,

    you better get your money out of US dollar investments

    and into the one asset class that rises as

    currencies collapse.

    The IMF Holds Supreme Power

    The International Monetary Fund, or IMF, is one

    of the most secretive and powerful organizations in

    the world. They monitor the financial health of more

    than 185 countries. They establish global money rules

    and provide “bail-out” assistance to bankrupt nations.

    Some are warning that any move by the IMF to supplant

    the US dollar could be catastrophic to

    American investments.

    And now, the IMF has made the first move.

    As reported by The Wall Street Journal, the IMF

    officially green-lighted the acceptance of

    China’s currency –the Yuan – into the IMF’s

    foreign exchange basket. This marks the first time

    in history the IMF has expanded the number of

    currencies in the foreign exchange basket.

    This means that the Chinese currency will now

    become a viable global alternative to the US dollar.

    According to Juan Zarate, who helped implement

    financial sanctions while serving in

    George W. Bush’s Treasury department,

    “Once the [other currency] becomes an alternative

    to the dollar, rules of the game begin to change.”

    Leong Sing Chiong, Assistant Managing Director

    at a major central bank, said this dollar alternative

    “is likely to transform the financial landscape

    in the next 5-10 years.”

    Currency expert Dr. Steve Sjuggerud warned,

    “I’ve been active in the markets for over two decades

    now, but I’ve never seen anything that could

    move so much money, so quickly. The announcement

    will start a domino effect, that will basically

    determine who in America gets rich in the years

    to come, and who struggles.


  2. #2
    Dr. Sjuggerud says if you own any US “paper” assets -

    and that includes stocks, bonds, or just cash in

    a bank account – you should be aware of what’s

    about to happen and know how to prepare.

    A number of experts believe a recent spike in

    gold and silver prices is a direct result of the

    IMF’s action. Precious metals notoriously rise

    when the US dollar falls.

    The Death of the US Dollar in

    One Frightening Graph

    For the last 600 years, there have been six

    different global reserve currencies controlled by

    world superpowers. The latest – the US dollar –

    has dominated world currency for over 80 years.

    The alarming fact is, global
    reserve currencies have collapsed every

    80-90 years for the last six centuries!

    What does this mean for America and the dominance

    of the US dollar? Based on recent evidence and

    long-standing historical trends,
    experts predict the imminent collapse of

    the US dollar! What’s more alarming?

    Many Americans aren’t yet doing the one thing

    that will save their savings & retirement

    from US dollar collapse.

    Just take a look at the graph below.

    It shows the lifespan of dominant currencies

    going back 600 years. Notice that the US dollar

    has now been the dominant currency for 88 years,

    about the same length of time as its predecessors.

    It’s obvious why experts say that the US

    dollar’s days as the world’s reserve currency

    are coming to a climactic end.

    All Fiat Currencies Collapse

    “Fiat” currency is paper currency backed by

    nothing tangible. As opposed to “sound money”

    which is backed by gold or some other valuable

    commodity, a fiat currency is backed by nothing

    more than faith in the government. The US dollar

    has been a fiat currency since Nixon closed the

    gold window in 1971 in what was the greatest heist

    in American history. The scary fact is, the average

    life span of a fiat currency is 40 years, and the US dollar
    has now exceeded 40 years as a fiat currency!

    Prior to 1933 and for well over 100 years,

    the dollar was backed by gold, and $20 bought you

    an ounce of gold. But after the government stole

    all US citizens’ gold in 1933 for a $20 paper certificate,

    gold was revalued at US$35, meaning the dollar

    was devalued by 43% overnight and all foreign and

    domestic holders of dollars were effectively robbed.

    After Nixon closed the gold window completely

    in 1971, it took $67 to buy an ounce of gold,

    devaluing the US dollar by 50% again. Today, it takes

    well over a thousand US dollars to buy that

    same ounce of gold. Why? Because the US dollar is

    now nothing more than a fast-declining

    Federal Reserve note backed by a corrupt government

    that is saddled with $18 trillion in un payable debt —

    growing by $10 million per minute!

    Protect Yourself Before It’s Too Late

    This “Paper Money Experiment” has run its course.

    The Federal Reserve, the US government, and

    Wall Street crooks have misused their power by

    mismanaging the dollar, and now there are global

    repercussions. The debt load sitting on top of the

    US dollar is unsustainable and will continue to

    crush the dollar’s purchasing power until no one

    wants to hold US dollars, and they are _no longer_

    accepted for global trade. The dollar’s collapse

    means that every single one of your paper investments

    that are dollar-backed – stocks, mutual funds,

    money markets, cash accounts, etc – will go down

    right along with the dollar! Meanwhile, the government

    and the banks will find a way to protect themselves

    at your expense ... !!

    So as we say goodbye to the U.S. dollar’s dominance,

    it doesn’t have to mean goodbye to your

    savings & retirement. Remove at least some of

    your savings & retirement from the dollar-backed,

    paper-based financial system and protect it with

    the one asset that has outlasted every fiat currency

    ever invented for the last 5,000 years: Gold.

    The above must be read by everyone ...

    The US Govt. is both corrupt and a thief ... !

  3. #3

  4. #4

  5. #5
    beautiful sure wish someone would give anyway how are you feeling now yaar

  6. #6
    nice post man.>~

  7. #7
    wowwwwwwwwwww losting my control cute

  8. #8
    Member Array
    Join Date
    Jul 2007
    Rep Power
    ..nice collection of necklaces...

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