Marilyn C Posted September 29, 2016 Group: Worthy Ministers Followers: 30 Topic Count: 266 Topics Per Day: 0.07 Content Count: 13,200 Content Per Day: 3.49 Reputation: 8,497 Days Won: 12 Joined: 12/21/2013 Status: Offline Birthday: 10/06/1947 Share Posted September 29, 2016 THE SHIFTING OF POWER. On the first of October this year, this Saturday, we will see the inclusion of the Chinese currency, the Yuan, included in the IMF`s (International Monetary Fund) basket of currencies. These are – The Pound, the US Dollar, the EU Euro, the Japanese Yen & soon Chinese Yuan. Do you think this will cause any shifting of power from the USA Dollar to the IMF`s SDR`s (Special drawing Rights)? Marilyn. Link to comment Share on other sites More sharing options...
Marilyn C Posted September 29, 2016 Group: Worthy Ministers Followers: 30 Topic Count: 266 Topics Per Day: 0.07 Content Count: 13,200 Content Per Day: 3.49 Reputation: 8,497 Days Won: 12 Joined: 12/21/2013 Status: Offline Birthday: 10/06/1947 Author Share Posted September 29, 2016 Link to comment Share on other sites More sharing options...
Last Daze Posted September 29, 2016 Group: Royal Member Followers: 9 Topic Count: 84 Topics Per Day: 0.02 Content Count: 4,011 Content Per Day: 1.12 Reputation: 2,519 Days Won: 4 Joined: 07/17/2014 Status: Offline Share Posted September 29, 2016 5 hours ago, Marilyn C said: THE SHIFTING OF POWER. On the first of October this year, this Saturday, we will see the inclusion of the Chinese currency, the Yuan, included in the IMF`s (International Monetary Fund) basket of currencies. These are – The Pound, the US Dollar, the EU Euro, the Japanese Yen & soon Chinese Yuan. Do you think this will cause any shifting of power from the USA Dollar to the IMF`s SDR`s (Special drawing Rights)? Marilyn. Certainly bears watching . . . Link to comment Share on other sites More sharing options...
Dennis1209 Posted September 29, 2016 Group: Worthy Ministers Followers: 18 Topic Count: 347 Topics Per Day: 0.13 Content Count: 7,464 Content Per Day: 2.70 Reputation: 5,375 Days Won: 1 Joined: 09/27/2016 Status: Offline Share Posted September 29, 2016 With the US government and personal debt in the 'Trillions', it would be impossible to ever pay off that debt. We are a 'debt based economy' meaning, we measure, grow and prosper by spending and accumulating ever expanding debt. We are insolvent and our debt is far beyond sustainable and is being propped up. Soon this house of cards has to tumble. I'm totally surprised the US dollar remains the world's reserve currency. To quote one of my favorite phrases, "the handwriting is on the wall". We have recently seen how fragile this currency system is and the disparity between currencies. Everyone should know the agenda that the world's elite and banking systems want to level the playing field. The worlds current system of currency and paper transactions will come to an end very soon. How many people do you know that get their pay checks, retirement, social security, tax refunds, etc. by check anymore? In my opinion, the world economy will crash in the foreseeable future and be replaced with a cashless electronic debit / credit system. And then guess what follows. A good read on how our banking system was developed and how it works, the creation of the Federal Reserve and the world banking system is, "The Creature from Jekyll Island", by G. Edward Griffin, 600 pages. Why work by the sweat of your brow when you can make a living fleecing the wealth of working productive people with banking Ponzi schemes, creating money out of thin air, loaning that formally non existent money and charging hefty interest rates and penalties on what was created out of thin air. Link to comment Share on other sites More sharing options...
Last Daze Posted September 29, 2016 Group: Royal Member Followers: 9 Topic Count: 84 Topics Per Day: 0.02 Content Count: 4,011 Content Per Day: 1.12 Reputation: 2,519 Days Won: 4 Joined: 07/17/2014 Status: Offline Share Posted September 29, 2016 1 hour ago, Dennis1209 said: With the US government and personal debt in the 'Trillions', it would be impossible to ever pay off that debt. We are a 'debt based economy' meaning, we measure, grow and prosper by spending and accumulating ever expanding debt. We are insolvent and our debt is far beyond sustainable and is being propped up. Soon this house of cards has to tumble. I'm totally surprised the US dollar remains the world's reserve currency. To quote one of my favorite phrases, "the handwriting is on the wall". We have recently seen how fragile this currency system is and the disparity between currencies. Everyone should know the agenda that the world's elite and banking systems want to level the playing field. The worlds current system of currency and paper transactions will come to an end very soon. How many people do you know that get their pay checks, retirement, social security, tax refunds, etc. by check anymore? In my opinion, the world economy will crash in the foreseeable future and be replaced with a cashless electronic debit / credit system. And then guess what follows. A good read on how our banking system was developed and how it works, the creation of the Federal Reserve and the world banking system is, "The Creature from Jekyll Island", by G. Edward Griffin, 600 pages. Why work by the sweat of your brow when you can make a living fleecing the wealth of working productive people with banking Ponzi schemes, creating money out of thin air, loaning that formally non existent money and charging hefty interest rates and penalties on what was created out of thin air. It's amazing, isn't it. The only value of the US dollar is in people's perception that it has value, or maybe kindling. Link to comment Share on other sites More sharing options...
Dennis1209 Posted September 29, 2016 Group: Worthy Ministers Followers: 18 Topic Count: 347 Topics Per Day: 0.13 Content Count: 7,464 Content Per Day: 2.70 Reputation: 5,375 Days Won: 1 Joined: 09/27/2016 Status: Offline Share Posted September 29, 2016 10 minutes ago, Last Daze said: It's amazing, isn't it. The only value of the US dollar is in people's perception that it has value, or maybe kindling. Yuuuup! Link to comment Share on other sites More sharing options...
Last Daze Posted September 29, 2016 Group: Royal Member Followers: 9 Topic Count: 84 Topics Per Day: 0.02 Content Count: 4,011 Content Per Day: 1.12 Reputation: 2,519 Days Won: 4 Joined: 07/17/2014 Status: Offline Share Posted September 29, 2016 12 minutes ago, Dennis1209 said: Yuuuup! The ability of the financial magicians to keep the illusion going has long passed what I thought was possible. Even Khadgar would be proud. Link to comment Share on other sites More sharing options...
Dennis1209 Posted September 29, 2016 Group: Worthy Ministers Followers: 18 Topic Count: 347 Topics Per Day: 0.13 Content Count: 7,464 Content Per Day: 2.70 Reputation: 5,375 Days Won: 1 Joined: 09/27/2016 Status: Offline Share Posted September 29, 2016 1 minute ago, Last Daze said: The ability of the financial magicians to keep the illusion going has long passed what I thought was possible. Even Khadgar would be proud. Double Yuuuup! Can you imagine the chaos that's going to occur here, and especially in the cities when the free government programs come to a screeching halt? Link to comment Share on other sites More sharing options...
Last Daze Posted September 29, 2016 Group: Royal Member Followers: 9 Topic Count: 84 Topics Per Day: 0.02 Content Count: 4,011 Content Per Day: 1.12 Reputation: 2,519 Days Won: 4 Joined: 07/17/2014 Status: Offline Share Posted September 29, 2016 36 minutes ago, Dennis1209 said: Double Yuuuup! Can you imagine the chaos that's going to occur here, and especially in the cities when the free government programs come to a screeching halt? In a word, anarchy. Link to comment Share on other sites More sharing options...
Marilyn C Posted September 29, 2016 Group: Worthy Ministers Followers: 30 Topic Count: 266 Topics Per Day: 0.07 Content Count: 13,200 Content Per Day: 3.49 Reputation: 8,497 Days Won: 12 Joined: 12/21/2013 Status: Offline Birthday: 10/06/1947 Author Share Posted September 29, 2016 2 hours ago, Dennis1209 said: With the US government and personal debt in the 'Trillions', it would be impossible to ever pay off that debt. We are a 'debt based economy' meaning, we measure, grow and prosper by spending and accumulating ever expanding debt. We are insolvent and our debt is far beyond sustainable and is being propped up. Soon this house of cards has to tumble. I'm totally surprised the US dollar remains the world's reserve currency. To quote one of my favorite phrases, "the handwriting is on the wall". We have recently seen how fragile this currency system is and the disparity between currencies. Everyone should know the agenda that the world's elite and banking systems want to level the playing field. The worlds current system of currency and paper transactions will come to an end very soon. How many people do you know that get their pay checks, retirement, social security, tax refunds, etc. by check anymore? In my opinion, the world economy will crash in the foreseeable future and be replaced with a cashless electronic debit / credit system. And then guess what follows. A good read on how our banking system was developed and how it works, the creation of the Federal Reserve and the world banking system is, "The Creature from Jekyll Island", by G. Edward Griffin, 600 pages. Why work by the sweat of your brow when you can make a living fleecing the wealth of working productive people with banking Ponzi schemes, creating money out of thin air, loaning that formally non existent money and charging hefty interest rates and penalties on what was created out of thin air. Hi Dennis, Pleased to meet you & hear your interesting comments. Yes the `house of cards` the handwriting on the wall, the `economic crash,` the `creating money out of thin air,` etc all relevant points. Now I would just add that as well as going fully digital the Global Government needs its OWN currency & this I believe will be BANCOR of the IMF. After we have the next series of tumbles, then the G20 will empower the IMF to operate as a bank & create money to lend, not just to countries but institutions etc. The national currency of a country will go on for a while till eventually it is surpassed by the Bancor currency. We are on the threshold & what lies beyond tomorrow (literally Saturday 1st of October) which will have huge implications for markets & currencies around the world, I believe. All the best, Marilyn. Link to comment Share on other sites More sharing options...
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