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Posts Tagged ‘IMF’

On Saturday, November 14, 2009, financial analyst Al Martin effectively told gold shills to take a shill chill pill, on Erskine Overnight. In the fourth segment of the first hour, he stated that:

  • The IMF gave India a 0% interest-free loan to purchase 200 tons of their 403 metric tons of gold they planned to sell, because they wanted to prevent it from going to market.
  • The week before, India announced a huge sale of silver.
  • China refused a deal to buy the remaining 203 tons of gold from the IMF.
  • China said it’s not a huge buyer of gold.
  • New mine production of gold continues to increase.

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This October 9, 2009 article shows a U.S. Customs form with an SDR (Special Drawing Right) value.

This isn’t a recent phenomenon. The use of SDRs by U.S.¬† federal government institutions goes further back than 2009. According to the United States Postal Service 2003 Annual Report, “The majority of our international accounts are denominated in Special Drawing Rights (SDRs).

According to the IMF Factsheet on SDRs, “The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. Its value is based on a basket of four key international currencies (U.S. dollar, Euro, Japanese yen and pound sterling), and SDRs can be exchanged for freely usable currencies.

How much have SDRs benefited the U.S. Postal Service at the expense of the U.S. dollar?

On December 31, 2002, 1 USD = 0.7382 SDR
On October 18, 2009, 1 USD = 0.6280 SDR

There was a 15% decline in the USD from December 31, 2002 to October 18, 2009.

It’s not just the illegal Federal Reserve that’s been undercutting the U.S. dollar. The constitutional U.S. Postal Service and U.S. Customs are also in on the act.

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According to the IMF’s World Economic Outlook Database, October 2009, NAFTA (United States., Canada, Mexico) regained the distinction of being the largest trading bloc in the world for 2009 by nominal and PPP GDP, and is projected to stay that way until at least 2014.

NAFTA: $16.451 trillion USD by nominal GDP and $17.279 trillion USD by Purchasing Power Parity (PPP)
EU: $16.190 trillion USD by nominal GDP and $14.851 trillion USD by Purchasing Power Parity (PPP)

This, despite the EU having a larger estimated population in July 2009 of 491,582,852 with the NAFTA-member countries at a population of 451,911,120.

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