IMF

By Anonymous Questions, September 20, 2015

Folks, I would like to hear or see some response to all of these sites out there proclaiming the end of the dollar by the IMF. These articles are now touting the 20th of Oct as the end of time for anyone with a 401 or Ira. I would like to know what your people think on the subject. Please and Thank you.

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Robert
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Robert

The IMF is meeting on or around Oct. 20th. What is most likely to transpire during that meeting is China’s currency the Yuan or Renimbi will more likely than not become the 8th (currently there are 7) reserve currency in the world. China has purchased alot of gold over the last 5 years. Exactly how much? No one really can answer that question outside of the country of China. Their financial data (at least that which they will reveal to the rest of the world) is questionable at best. Insofar as the dollar, this meeting will at the very least… Read more »

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sfsecurity
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sfsecurity

Please, that is 7+ BILLION, not trillion for the current human population. Plus 85% decline of 8 trillion would not be 500k but about 1.2 trillion. You would have to reduce the population by ~99.9999375% to get to 500,000. For the real current population of about 7.25 billion you would have to reduce it only by ~99.9993%.

Robert
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Robert

My God I made an error. I did not realize humans were capable of making mistakes. And besides, you knew exactly what i meant!

Omg
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Omg

That was funny. Thanks!

Sharon Bolling
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Sharon Bolling

It would be funny, if most of it wasn’t exactly on point.

Ellis Baxter
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Ellis Baxter

After spending the last 14 years on the research of Monetary Policy after WWII, and the amazing growth of Germany, I have found that almost no one really has done the research on reserve currencies. The dollar is in demand world wide because the USA has a very affective military. And up to the last 6 years a stable government based on a constitution. Until the Neo Fascist Left takes over the entire government the dollar will remain strong. A stronger dollar is the sole reason that attacks on the dollar by China or Russia [they have their own problems]… Read more »

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OPA
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OPA

The comment by ELLIS BAXTER indicates hat he believes the USA is the centre of the universe. Good luck.

ethant
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ethant

According to Jim Rickards the decision to include the Yuan has been delayed to March 2016 and actual implementation until September 2016. Something about end-of the-year illiquidity and shock to the markets if they did it end of 2015. He discusses this in his latest newsletter (and somewhere else for free if I remember correctly)

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Robert
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Robert

Yes, I’m familiar with Jim Rickards ( he knows his stuff), I receive his Strategic Intelligence Newsletter and haven’t read the latest copy mailed to me a few days ago. However, if he says it, it is more likely than not right on point. He is an excellent person to follow ; he has impeccable connections.

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Mike
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Mike

Ok I agree that we don’t trust China, but is the US much better. We are broke as a country.
How long before we lose the world currency? No one talks about it, heck we are an election coming up.

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Matt
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Matt

I’ve read endless doom about the supposed death of the US dollar as a reserve currency and the supposed catastrophe that would induce. I will predict that the US dollar will be one of the reserve currencies for at least 100 years. The issue is that the planet needs some kind of common currencies. Whoever is among the best and largest will take that place. It’s a relative, not absolute measure. Chinese renminbi will join the dollar and euro as a reserve currency, but the Chinese government will need to open their system and have a fully internationally tradable bond… Read more »

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