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THE END Of The U.S. DOLLAR As We Know It – International Monetary Fund

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Post by Ponee Mon Oct 19, 2015 11:45 am

The Racket Report

Will Be THE END Of The U.S. DOLLAR As We Know It – International Monetary Fund

The IMF (International Monetary Fund) threatens to kill the U.S. dollar according to Bloomberg and other sources. The International Monetary Fund is expected to announce a reserve currency alternative to the U.S. dollar on October 20, 2015. Experts say this will send hundreds of billions of dollars moving around the world, literally overnight.

This announcement is expected to trigger one of the most profound transfers of wealth in our lifetime. Bloomberg reports that this decision comes on the heels of China pushing for their own currency to be elevated to reserve currency status. Experts are saying if you want to protect your savings and retirement, you need to get your money out of the U.S. dollar investments and into the one asset class that rises as currencies collapse.

The IMF is one of the most powerful, secretive organizations in the world. They monitor the financial health of more than 185 countries. They establish global money roles and provide “bailout” assistance to bankrupt nations. Some are warning that any move by the IMF to supplant the U.S. dollar could be catastrophic to American investments.

According to Juan Zarate, who helped implement financial sanctions while serving in George W. Bush’s Treasury Department, “once the other currency becomes alternative to the dollar, rules of the game begin to change”

Leong Sing Chiong, Assistant Managing Director at a major central bank, said this dollar alternative “is likely to transform the financial landscape in the next 5-10 years.”

Currency expert Dr. Steve Sjuggerrud warned, “I’ve been active in the markets for over two decades now, but I’ve never seen anything that could move so much money, so quickly. Hundreds of billions of dollars could change hands in a single day after this announcement is made. The announcement will start a domino effect, that will basically determine who in America gets rich in the years to come, and who struggles.”

So as we say goodbye to the U.S. dollar’s dominance, it doesn’t have to mean goodbye to your savings and retirement. Experts are recommending that you remove at least some of your savings and retirement from the dollar backed, paper-based financial system and protect it with the one asset that has outlasted every fiat currency ever invented the last 5,000 years: Gold.

Share this information with your friends and family before the October 20 deadline. Don’t watch your money fly in the wind!

http://theracketreport.com/102015-will-be-the-end-of-the-u-s-dollar-as-we-know-it-international-monetary-fund/

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Post by Terbo56 Mon Oct 19, 2015 12:38 pm

This will possibly cause a run on the banks and atms here in the US-The Chinese Yuan, and, or the highly mentioned and talked about 'Treasury Dollar', will eventually be the world's 'new' reserve currency, while all the other currencies will take a solid hit, sending them in a downward spiral- It's going to be a rough next few days-Be aware of your surroundings, and who and what is near you-If this happens, it is going to cause alot of grief- Make sure you have in your home what you need for the next few days-This is possibly speculation, but I wouldn't rule it out completely, just yet- Let's see what tomorrow evening brings- Jus' saying- affraid hemademe shame waiting
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Post by Kevind53 Mon Oct 19, 2015 4:10 pm

It is pure speculation and not even accurate at that. The fact is, the IMF has already indicated that there would be no change to the basket of Reserve Currencies until at least September 30, 2016. The Renimbi is slated to be added to the basket next, but given it recent poor performance, instability and the government's attempts to manipulate it, that has been put off indefinitely.

But wait, that's not all. The IMF does not designate reserve currencies, but rather the countries choosing to hold them. It happens that most have chosen to hold significant quantities of the USD in their reserves because of it's safety and stability over the years. They do use certain reserve currencies to determine the value of the SDR, at this time, they include the euro, Japanese yen, pound sterling, and U.S. dollar. BTW the SDR is not a currency either.

The fact is despite the efforts of the US haters of the world, the USD is likely to remain a reserve currency for a long time to come due to the strength AND stability of the US and the USD.

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Post by Terbo56 Mon Oct 19, 2015 5:12 pm

Let's hope this is the case-
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Post by Kevind53 Mon Oct 19, 2015 5:55 pm

Well I can confirm the facts I put forth. There were articles in al of the major news outlets. What I can not confirm the the information in the article supposedly from Bloomberg

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Post by Terbo56 Mon Oct 19, 2015 6:18 pm

I don't have any reason to doubt what you say concerning currencies,bank info, or any pertinent info, and as far as Bloomberg, I tend to take HIS info with a big grain of salt, seeing how he isn't right some of the time-
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Post by Kevind53 Mon Oct 19, 2015 11:20 pm

Michael Bloomberg is a total wack job, I only mention Bloomberg at all because the author claims that their information is "according to Bloomberg and other sources." You would think that if such an article was published in Bloomberg it would be relatively easy to find, but I could find no trace of it.

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Post by dwm007 Tue Oct 20, 2015 8:47 am

That is not even speculation, it's just plain old BS! At the very bottom of the article we find a link to this,

https://invest.usgoldbureau.com/free-investors-kit-mobile/?custentity_campaign_search=AdWords&custentity_campaign_type=Content&custentity_campaign_keyword=gold%20coins%20value&custentity_campaign_family=48364832119&gclid=CNKDroqJ0cgCFZYkgQodrFsNyg

Why is it people can't see through nonsense such as this? It's nothing but a fear based sales pitch to the linked site that sells guess what? GOLD INVESTMENTS! The very thing this BS article is telling everyone they need to do with their money! It's a scam people, why can't everyone see that?

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Post by Ponee Tue Oct 20, 2015 10:32 am

Good Catch DWM007 - I didn't even read thru it before posting. Sorry.

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