It should be clear to everyone, by now, that the US dollar is staring into the abyss. It’s going to crash, and there is nothing that you and I can do about it. The only thing that we CAN do is get out of the way. You DON’T want to get run over by this collapse.
Of course, those that we have entrusted with the job of reporting this collapse to us, are lying. That’s why we look for signs that indicate that the lying liars are getting ready for the collapse. One of those lying liars is the International Monetary Fund (IMF).
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Is IMF Preparing for Dollar Collapse?
If I was the IMF and handing out loans to distressed countries, right now, I would do everything that I could to make sure that I got my money back. That means making loans in a currency that will be worth something in the future.
Is that why the IMF loan to Ukraine was denominated in SDRs?
Isn’t the Internet wonderful?
The Special Drawing Right (aka XDR)
The great thing about SDRs (aka, XDR) is that you can change the underlying assets that give it value. It’s a moving goalpost. The Special Drawing Right is whatever the IMF wants it to be, and you can bet that the borrower is never going to come out ahead in any deal with the IMF.
What is the SDR?
An SDR is essentially a unit of value backed by a basket of currencies:
- US Dollars – 41.9%
- Euros – 37.4%
- Japanese Yen – 9.4%
- British Pounds – 11.3%
If any one of those currencies crashes, the IMF can switch that currency out for another one. So yes, you can claim that there is a strong US dollar component to the loan made to Ukraine, but that ‘component’ can change at any time. And, please remember that, before this, the International Monetary Fund was making loans almost exclusively in US Dollars.
Is this the first step by the IMF in an attempt to limit the possible damage from a US dollar collapse?
IMF Preparing For Dollar Collapse
Greg Hunter raised that question in his interview with Doug Casey:
YouTube shortlink: http://youtu.be/MUeSjdt6_Bo
We can debate over the question about whether or not this is a plan by the IMF to prepare for a crash of the US dollar. What is not debatable, is the fact that this is yet another crack in the Petrodollar system. Should the IMF start announcing more SDR loans, sit up and take notice.
It All Changes in 2014
Some very smart people have been talking about 2014 as the year when everything changes. The problem is that the vast majority of those changes will happen in smoke-filled back rooms, away from the public eye. You won’t see them until it’s too late to do anything about it.
If you haven’t started buying as much silver as you can carry and as much gold as you can afford, now is the time. Those of you without the extra cash for that, should start stocking up on extra essentials with a long shelf-life. Better yet, get out of the US, entirely.
I talk about all of this here:
All of my articles end with a link to that preparation plan. Do more than just think about it.
Are you ready for this?
(That’s a link. Do more than just think about it.)
If you find a flaw in my reasoning, have a question, or wish to add your own viewpoint, leave a comment on the website. Your input is truly welcome.
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