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Thread: Fiat Currency

  1. #1
    saagar
    Guest

    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
    saagar
    Guest
    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
    saagar
    Guest



  4. #4
    saagar
    Guest



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

  6. #6
    shalin_99
    Guest
    nice post man.>~

  7. #7
    sweety4u
    Guest
    wowwwwwwwwwww losting my control .....so cute

  8. #8
    Member Array
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    ..nice collection of necklaces...

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