Google Groups no longer supports new Usenet posts or subscriptions. Historical content remains viewable.
Dismiss

IMF 1.1 trillion : last ditch attempt to exchange printed paper for real resources

0 views
Skip to first unread message

fruitella

unread,
Apr 10, 2009, 2:58:04 PM4/10/09
to
The SDRs from the IMF mainly come from 4 entities in the ratios shown
below :

US 44%
EU 34%
Japan 11%
UK 11%

The recent 1.1 trillion of SDRs the above countries are eagerly
pushing onto the developing world is a scam. The cover story is that
its being handed out to 'help poor nations'. The reality is just the
opposite.

Its a last ditch attempt to exchange (worthless) printed up paper for
real goods, labor and resources from developing countries. The plan
is to get these developing countries to take this worthless paper as
loans and then make them pay it back with real labor + tangible goods
& services. The beneficiaries of this scam are the 4 listed above.

The Asians from India to Korea are too smart to fall for this. So the
main targets are eastern europe and of course Africa which is always
ripe for the looting.

Fish

unread,
Apr 13, 2009, 12:37:54 PM4/13/09
to

imf and world bank ripp off the faces of many poor nations - Indonesia
and others learned it too well.

Lantern

unread,
Apr 13, 2009, 3:25:29 PM4/13/09
to
As I understand it, IMF Standard Drawing Rights (SDR's) are used by
the IMF to keep their books. The value of the SDR is set by the
persent exchange rate of a basket of different currencies. How does
this translate into a rip off of poor countries?
0 new messages