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USD Vaalue Post RV
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USD Vaalue Post RV
There is much concern of the devaluation of the USD in the near future. Yes I am aware that there has been a group of nations that has its objective of removing the USD as the world reserve currency. I am aware of our national debt that is out of control however I have read the the US gov. has purchased deep into the IQD. Upon a RV of IQD wouldn't our government use that profit to bring stability to our financial crisis? If they did that wouldn't that strengthen our dollar?
Much has been posted that this RV will go unannoucned and most of America won't be aware of what has occured but what about the 2-3 US citizens that know different? I beleive that we must make our state rep aware that we know what has occurred and for them to take action to regain the trust of we the people.
Yes the IQD investors will greatly benefit from this rv and we can assist our nation, the people, by forcing our house and senate to pay down the debt and renew hope and maintain the dream of being an American. Perhaps the USD is one of the currencies in a basket that has already been devalued.
Hope someone can enlighten me or add to this and pass the torch.
Much has been posted that this RV will go unannoucned and most of America won't be aware of what has occured but what about the 2-3 US citizens that know different? I beleive that we must make our state rep aware that we know what has occurred and for them to take action to regain the trust of we the people.
Yes the IQD investors will greatly benefit from this rv and we can assist our nation, the people, by forcing our house and senate to pay down the debt and renew hope and maintain the dream of being an American. Perhaps the USD is one of the currencies in a basket that has already been devalued.
Hope someone can enlighten me or add to this and pass the torch.
Mountainman- New Member
- Posts : 20
Join date : 2011-06-26
Re: USD Vaalue Post RV
Update I meant 2-3 million IQD investors not 2-3
Mountainman- New Member
- Posts : 20
Join date : 2011-06-26
Re: USD Vaalue Post RV
The currency value of the SDR is determined by summing the values in U.S. dollars, based on market exchange rates, of a basket of major currencies (the U.S. dollar, Euro, Japanese yen, and pound sterling). The SDR currency value is calculated daily (except on IMF holidays or whenever the IMF is closed for business) and the valuation basket is reviewed and adjusted every five years.
In order for the USD to be replaced worldwide - ALL the basket currencies would have to devalue - IMHO not going to happen.
See: www.IMF.org - SDR rate (info)
In order for the USD to be replaced worldwide - ALL the basket currencies would have to devalue - IMHO not going to happen.
See: www.IMF.org - SDR rate (info)
IQD4US- Elite Member
- Posts : 1005
Join date : 2011-12-16
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