hi great visionary post !! I concur with your image of paid social media trends !! But this I still find worrying " Soon the IMF will be issuing SDR Bonds which will in essence roll up Toxic Debt from Central Banks to the IMF's Balance Sheet..........i dont like this organization and they are very dangerous. I would prefer another more decentralized control of world money than this bunch of .....well stinkers !! could that be possible a decentralized control of money ?? a question. Where nobody in particular stands to gain from the perfect control of financial matters other than everybody who uses this system.
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The IMF SDRs will be a temporary thing while the Blockchain Derivatives Digital Currency is put in place. Expect a rough ride in the next 0-3 years. Cheers. Stephen
I looked this up SDR,S ...An SDR is essentially an artificial currency used by the IMF and is basket of national currencies. The IMF uses SDRs for internal accounting purposes. SDRs are allocated by the IMF to its member countries and are backed by the full faith and credit of the member countries' governments.........so in short the IMF will catch falling economies who have not sufficient proof of tangible reserves of gold to back their national lending, so by signing their " good faith ! to the SDR lending agreement lose their sovereignty and will serve this debt in interest no doubt ad infinitum. , the most recent example being Greece !
I think you cannot help or certainly solve debt of a country by simply adding to it with interest payments on a " band aid " fixing of their economy!!There must be another way surely ? here is a link for others on SDR,S and what they are and will mean !! http://www.investopedia.com/terms/i/international-reserves.asp
You have done your homework. Commercial Banks roll up their garbage to Central Banks and then Central Banks roll up their garbage to the IMF. The BIG problem we now have is that the IMF is issuing SDR BONDS like confetti. When these default AND THEY WILL ... Who they roll their garbage up to? The Mars Bank?? This is a BIG BIG BIG problem.
yes clearly we are all in serious trouble due to the trend since the late eighties of spend ,spend ,spend with little or no thought on who will pay our debts !! I suppose the solution as ever will be war as in the great war and the second ! Sad how history repeats like some old scratched record !!
Well yes I think we can expect a rough ride when again i say, we leave these " people " in control of world monetary supply and regulation ! So what do you see exactly ahead Steven. Me thinks you know far more than you say !! Or perhaps we should await your next post ? ) I am following now Stephen and looking forward to more of your economic insight !!