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    SDRs To Replace Dollar

     

    In case you haven't heard, world leaders attending the G-20 meeting this past spring and the "Bilderberger" meeting in June have decided the US Dollar should be replaced as the world's "reserve currency."  The replacement?  Special Drawing Rights (SDRs) issued by the International Monetary Fund (IMF).  Welcome to the NEW WORLD ORDER!  A news report in August '09 said the issuance of these SDRs has already begun.  You can kiss goodbye to the U.S. Dollar.  A devaluation is probably not far off.  Ultimately, the dollar will fail completely.

    Warnings about this sort of mischief, along with the entire recent financial meltdown, were predicted years ago, including by this writer in 2004.  At one point in his 2004 novel DUPED: A story of deception and concealment, the author points out through the novel's fictional FED Chairman Warren Engel, "More recently there have been accounting shenanigans that congress has been trying to sort out for years.  Right now, there's supposedly a little over 260 million ounces of gold in the three U.S. Depositories at Ft Knox, West Point, and Denver.  The actual status of these reserves is not what it seems, however.  The Exchange Stabilization Fund (ESF) and our Federal Reserve are the major players in this scandal which involves SDRs, an acronym for Special Drawing Rights a.k.a. paper gold.
    "The IMF has officially declared, by fiat, in their Manual on Monetary and Financial Statistics that:  Monetary gold and SDRs issued by the IMF are financial assets for which there are no corresponding financial liabilities.
    "Couple that with the fact that under the IMF's Second Amendment, all members are resolved to work more closely to focus on international liquidity.  It's under that guise of international liquidity that we've been doing whatever is necessary to keep the present system afloat..."
    "In recent years, an important strategy has been to keep the price of gold artificially suppressed in order to help maintain the value of the various fiat currencies around the world, especially the dollar. Various means have been used such a jawboning, by referring to gold as a barbaric relic and other such epithets.  More importantly, SDRs have been used, and as with gold, certificates can be issued for them."
    The book continues, "The ESF operates under the sole discretion of the Secretary of the Treasury, and one of the tools he uses to help stabilize the foreign exchange market is called a swap.  "...when SDRs are used in a swap, they can be exchanged for currency or another monetary asset, but not gold.  The kicker is, there's no regulation that says you can't use SDR crtificates to swap for gold, and that's exactly what we did to keep the price of gold down."
     

    Of course, all of this chicanery unraveled recently with the world financial meltdown, and the world's elite power brokers must now move quickly to maintain their control over the earth's resources.  That's what the G-20 meeting was all about.  One of the few reporters to reveal the real news of the conference was Ambrose Evans-Pritchard of Britain's Telegraph.
      The headline of his April 7 report read, "The G20 moves the world a step closer to a global currency," while the subtitle ominously told the rest of the story: "The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity."  Evans-Pritchard expounds with these details:

      "A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order. ‘We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,' it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century."

      "In effect, the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing." In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body."

    The above Evans-Pritchard quotes can be found in an article by William F. Jasper here:   http://www.thenewamerican.com/economy/economics-mainmenu-44/1145

    The solution to America's monetary demise is to return REAL money to the American people... gold and silver as the U.S. Constitution mandates.  What don't our elected officials understand about that?  Didn't they take an oath to support and defend the constitution? 



    2 comments | Edit Bookmark: del.icio.us | StumbleUpon | Digg

    Posted 08:19 PM June 03, 2009


    Comments:

    I believe all this. We are being deceived on every turn. I have tried to find out what to do and since I am not the elite and not rich this puts me in a vunerable category. I thought of moving our of the country to avoid Obama and his socialist government which he is trying to implement with his cronies. What they do not realize he is a muslim what will he do to them when he had obtained his goals.
    He and his countrymen will turn on them and kill them making this a muslim country. It seems everyone is sleeping I hope America will wake up soon. There are FEMA box cars and concentration camps and all sorts of uncomfortable events awaiting all of us. Is there a solution?????? I don't know

    Posted by Patricia on 08:22 PM September 06, 2009

    You can`t leave the country, it does not matter where you or where you go this will affect all people except the 1% that is running the gobal Goverenments of the Earth. They are breaking down the people of earth to except therre plan of the Anti Christ rulling the earth, and then they will require you to take a mark to show your alegence to Satan. it comming quick the system is already set up right now are you ready to meet Jesus.

    Comment by Harley on 07:19 PM July 23, 2010
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