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The Fed Prints Dollars. The ECB Prints Euros. The IMF Prints SDRs. What the heck is an SDR?

The Federal Reserve (Fed) prints dollars. The European Central Bank (ECB) prints Euros. And the International Monetary Fund (IMF) prints SDR's. What the heck is an SDR?!

An SDR is a Special Drawing Right.

Here is a video directly from the IMF's Factsheet on SDRs: http://bcove.me/7qou4729

Gold, Currency, War, James Rickards and RT's Max Keiser: http://youtu.be/NvzyaDlnSRQ

According to Wikipedia, and SDR is defined as:

Special drawing rights (SDRs) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). Not a currency, SDRs instead represent a claim to currency held by IMF member countries for which they may be exchanged. As they can only be exchanged for euros, Japanese yen, pounds sterling, or US dollars, SDRs may actually represent a potential claim on IMF member countries' nongold foreign exchange reserve assets, which are usually held in those currencies. While they may appear to have a far more important part to play, or, perhaps, an important future role, being the unit of account for the IMF has long been the main function of the SDR.

Created in 1969 to supplement a shortfall of preferred foreign exchange reserve assets, namely gold and the US dollar, the value of a SDR is defined by a weighted currency basket of four major currencies: the US dollar, the euro, the British pound, and the Japanese yen. SDRs are denoted with the ISO 4217 currency code XDR.

SDRs are allocated to countries by the IMF. Private parties do not hold or use them. As of March 2011, the amount of SDRs in existence is around XDR 238.3 billion, but this figure is expected to rise to XDR 476.8 billion by 2013.

I still didn't understand what SDR's are, so I kept digging...

The Corbett Report: International Forecaster Bob Chapman joins us to discuss the IMF-administered Special Drawing Rights and the possibility of a world currency on this edition of Economics 101: http://youtu.be/MxLgGPqAulw

Geithner Asked if SDR will Replace US Dollar: http://youtu.be/SjaZDq-CeEI

James Rickards on the IMF becoming a Central Bank and the Fed becoming a Hedge Fund: http://youtu.be/3gFap-vKVNU

I'm still researching, but thought I'd see if anyone here at the DP has any information to share on this topic.

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IMF & World Bank Started operation @ Close of WW II.

Submitted by Mark Twain on Tue, 05/17/2011
The Origins of the IMF and World Bank
The World Bank and International Monetary Fund (IMF) were created at the end of World War II by the U.S. and British governments....

The unwritten goal of the IMF and World Bank was to integrate the elites of all countries into the capitalist world system of rewards and punishments. ... controlled by the IMF and World Bank... (often by cutting social spending), selling off publicly owned assets ("privatization") and devaluing the currency...

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Immaculate Money Fountain (IMF): Paper Harlot for Gold

Submitted by Mark Twain on Mon, 06/13/2011

Articles of Agreement of the International Monetary Fund Schedule B - Transitional Provisions with Respect to Repurchase, Payment of Additional Subscriptions, Gold, and Certain Operational Matters

  1. 1. [ Reader's Digest: Paper promise juggling... ]
  2. Gold 2. A member shall discharge with special drawing rights any obligation to pay gold to the Fund in repurchase or as a subscription that is outstanding at the date of the second amendment of this ...
  3. 3. For the purposes of 2 above 0.888 671 gram of fine gold shall be equivalent to one special drawing right, and the amount of currency payable under 2 above shall be determined on that basis and on the basis of the value of the currency in terms of the special drawing right at the date of discharge.
  4. 4. A member's currency held by the Fund... [ Reader's Digest: Paper promise juggling... ] in accordance with the following rules:
    • (i) [ Reader's Digest: Paper promise juggling... ]
    • (ii) Other holdings shall [ Reader's Digest: Paper promise juggling... ]
  5. 5. Repurchases [ Reader's Digest: Paper promise juggling... ]
  6. 6. All rules and regulations, rates, procedures, and decisions
    [ Reader's Digest: Paper promise juggling... ] shall remain in effect until they are changed in accordance with the provisions of this Agreement.
  7. Gold 7. To the extent that arrangements equivalent [ Reader's Digest: Paper promise juggling... ]amendment of this Agreement, the Fund shall
  8. (a) sell up to 25 million ounces of fine gold held by it on August 31, 1975 to those members that were members on that date and that agree to buy it, in proportion to their quotas on that date. The sale to a member under this sub-paragraph (a) shall be made in exchange for its currency and at a price equivalent at the time of sale to one special drawing right per 0.888 671 gram of fine gold, and
  9. (b) sell up to 25 million ounces of fine gold held by it on August 31, 1975 for the benefit of developing members that were members on that date, provided, however, that the part of any profits or surplus value of the gold that corresponds to the proportion of such a member's quota on August 31, 1975 to the total of the quotas of all members on that date shall be transferred directly to each such member...

By rules and regulations, rates, procedures, and decisions... gold is spirited away by those practiced in the "art of deception."

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

0.888 671 gram of fine gold = Special Drawing Right (SDR)

Submitted by Mark Twain on Mon, 06/13/2011 - 18:56. Permalink
IMF Special Drawing Right (SDR) = 0.888 671 gram of fine gold... (weasel words: 0.888 671 gram of fine gold shall be equivalent to one special drawing right)

IMF: Articles of Agreement of the International Monetary Fund

Gold: Schedule B - Transitional Provisions with Respect to Repurchase, Payment of Additional Subscriptions, Gold, and Certain Operational Matters

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Solution

Bitcoin

________________________________________

Those who expect to reap the blessings of freedom, must, like men, undergo the fatigue of supporting it. ~Thomas Paine

end the

federal reserve system!

Albert Camus — 'The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion.'

Gold Wars! USA History of Pretend, 10/05/2011

Gold Wars! USA History of Pretend. Submitted by Mark Twain, 10/05/2011

Once the gold was gone, the Boyz kept on playing with their paper dolls.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Paper dolls... Fed + IMF & the Boyz

Mark Twain posts:
Billions From You to Greece, with Love - Queen Christine, IMF 07/08/2011. Europe Merry-Go-Round.

Fed + IMF & Boyz 05/15/2011. Quick summary.

IMF Shell Game in a Nutshell 04/25/2011. Need I say more?

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Study the Bretton Woods system

The IMF is supposed to be the Central Banker's central bank and SDR’s are their fiat currency. This means that they only conduct business between central banks to facilitate the Balance of payments between countries. I recommend you learn this well considering this is how countries go bankrupt. The US has a Balance of payments deficit of about 10 trillion dollars with the rest of the world…….you think the budget deficits are our problem…..you better hope you never hear about this deficit in the news………when you do...... it will be all over.

The Universal Postal Union

The Universal Postal Union and International Monetary Fund are two core institutions of the New World Order of global commerce.

The IMF's SDR is the unit of account for the UPU. If you want to know why US postal service stamps contain certain features, refer to the section of UPU regulations for stamps which would be Article 8.

Articles of mail containing offers to contract are the primary vehicle incorporated government uses to establish jurisdiction. You accepted their mail.

The agenda is pretty simple. Global standards for commerce to simplify the hurdles of regional or national cultures. I would argue governments have risen because people want regional uniformity in commerce. Global government caters to the same human demand. A uniform global code.

USPS has a chart:

323.6 Preparation of Insured Priority Mail International Parcels

See Exhibit 323.62 for a table showing the conversion of U.S. dollar values up to $600 to SDR equivalents. To determine SDR equivalents above $600, multiply the insured amount, rounded up to the next full dollar, by the conversion factor of 0.6502.

Note: Use the following rates when converting between U.S. dollars and SDR values:

1 U.S. $ = 0.6502 SDR
1 SDR = $1.54 ($1.5379 U.S.)

http://pe.usps.com/search/jsp/search/vv_docread.jsp?k2dockey...

Freedom is not: doing everything you want to.
Freedom is: not having to do what you don't want to do.
~ Joyce Meyer

WTH???

Geez, just when I thought I was catching on to all their games...

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix

I hear you...

...I like to think I can understand and explain complex topics, but I can't even begin to understand what's going on! :/

That can't be good.

I'm a serial entrepreneur and liberty activist from Texas!

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