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Globalists Need to End the Fed to Promote the International Monetary Fund (IMF) - Special Drawing Rights (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, and SDRs can be exchanged for freely usable currencies. With a general SDR allocation that took effect on August 28 and a special allocation on September 9, 2009, the amount of SDRs increased from SDR 21.4 billion to SDR 204 billion (equivalent to about $308 billion, converted using the rate of August 31, 2010).

The role of the SDR

The SDR was created by the IMF in 1969 to support the Bretton Woods fixed exchange rate system. A country participating in this system needed official reserves—government or central bank holdings of gold and widely accepted foreign currencies—that could be used to purchase the domestic currency in foreign exchange markets, as required to maintain its exchange rate. But the international supply of two key reserve assets—gold and the U.S. dollar—proved inadequate for supporting the expansion of world trade and financial development that was taking place. Therefore, the international community decided to create a new international reserve asset under the auspices of the IMF.

http://www.imf.org/external/np/exr/facts/sdr.htm



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Well, I read that, but still

Well, I read that, but still do not get the "end the fed" point. AND, who put these people in charge, anyway? WE are the supposed ones in CHARGE in this country. Let us never forget that.

The FED won't just end...

it'll COLLAPSE (wink-wink) with nowhere to turn except the IMF (which was the real plan all along).

Of course the IMF is going to insist on holding some collateral before we'll be allowed to use their money.

And those poor bastards at the FED; all they have left is one extremely worn-out printing press and THE COLLECTIVE TITLE TO THE WHOLE DAMN UNITED STATES.

If the Fed is ended, IMF can push their SDRs as world reserve.

Ron Paul has already talked about the internationalists wanting to establish a global fiat currency to replace the dollar. Well, the IMF already has their global fiat currency in place and is waiting for a chance to offer their "solution" to the crisis. The best thing they could hope for is a crash or the ending of the fed while many people are still ignorant about fiat currency.

"Allocations are not made on a regular basis and have only occurred on several occasions. They began in 1970 in yearly installments, creating an initial pool of SDR 9.3 billion by 1972. This first round took place due to the possibility of an insufficient amount of US Dollars, as the US was reluctant to run the deficit necessary to supply future demand." http://en.wikipedia.org/wiki/Special_Drawing_Rights#Allocations

The point is, if the Fed is ended, we need to make sure the people understand sound money first, or as Ron Paul suggests, have a voluntary free market transition to sound money to the point where the Fed is no longer relevant. Otherwise, if the Fed is ended, especially during a crisis, then the IMF will jump in with their solution - a global fiat currency called SDRs, which they already have in place.

hmmm...and here I thought

the Federal Reserve was part of the big Globalists team. I still believe they are, and they are destroying America.

They ARE part of it.

But they are part that eventually plays into the globalist centralization scheme, and will give way to the plan when they are told.
Their job was to weaken us to be ready for the move.

These people ain't dumb.

You can bet they've got plan after plan of implementation to "take" us to the next level. While we may champion the thought of ending our Fed, they are quietly setting up the office on a bigger stage - the world. They won't have to put up with pesky Tea Party people and the likes of Ron Paul. America will easily surrender all control of our money creation to the world IMF, just like we rushed to OK the TARP money that went out to 70% foreign banks (Good Grief, Charlie Brown!). Our Congress is the culprit. They could fix things, but they're too bought off for any real challanges. We're living in Nancy Pelosi's make believe world of "We've got to pass it to see what's in it". Hang your head Tom Dooley!

alan laney

This is why education

is required, so that we can end the Fed, and not get sucked into the global IMF scheme at the same time.

The globalists have their goals, and will try very hard.
We have to be sure they don't succeed.