The non-stop on and on bad news about the TRILLION DOLLARS DEBTS of the United States of America is deafening, maddening almost everyone around the world. It's becoming redundant already. It's almost like time stood still but the bean counter keeps going up. Hysterically hip or what the US Pres. Obama can still smile against all these odds. US is the most powerful country in the world. It is known as the Super power, and whoever sits at the Office of the President of the United States of America, whoever sits at the White House knows that the President has the ultimate power to declare war, wage war if necessary or vetoed laws, anything that threatens their country economically and politically simply gets the job done by extreme measures. What are those? Need I explain? But here's one very important aspect of their unique role in the IMF system.
1. The US Dollar was the KEY currency.
2. US placed squarely in the IMF System of International Liquidity
3.International Liquidity - total amount of reserves hold by various nations.
4. Each country has International reserves called the PEG System in the form of:
1. GOLD - Primary revenues
2. Foreign Exchange in dollars
3. Contributions each country to IMF. Unconditional rights to withdraw its past contribution. This is where the problem is. You know why? I'll tell you later.
4. How reserves are increased?
a. Digging more gold if there's any maybe try alchemy
b. Increase in Foreign holdings of US Dollars
Lastly the IMF was empowered to create the SDRs or the Special Drawing Rights to cover balance of payments deficits. (The SDR is similar to the project I once created in a short story I have written entitled: Autumn Rose) another novelette I've written also have the same projection how SDR is best represented entitled: Cracker Jack Lobster.
What happened when all the GOLD assets are liquified? The economic system of every country depends on their environment and its resources. The land area of the United States is bigger than any countries in the world therefore it's a matter of measurement and correct counting. Simple MATHEMATICS.
evjvt2011
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"Any system that kicks an economy when it is down is basically destructive and should be discarded." That's according to another economist. Therefore hang in there and humble yourself for you know when a sleeping dragon wakes up...
