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The IMF is Desperately Seeking a Replacement for the American Dollar: SDR’s Maybe Their Temporary Solution

The International Monetary Foundation (IMF) is growing increasing anxious over the continuous financial crisis that the US can’t seem to find a resolution too. In the beginning the IMF believed that the US had enough brilliant minds to find a workable plan to turn their debt crisis around, unfortunately, it’s becoming painfully clear that the US economy is in serious trouble.

America’s constant political bickering on National Television will ultimately be their downfall. Sam Houston the Emancipator once wrote:

“A nation divided against it self cannot stand!”

Does it feel like the US is tilted on an axel these days? Every time we take one positive step forward, we take two negative steps backwards, effectively wiping out any positive outcomes we made in the past.

Can ordinary everyday people understand or appreciates how close the US is to financial ruin? This is the first time in recent years that the House & Senate have been so ineffective for so long, making the US vulnerable in more ways than one. If you could only grasp what is being said, you would be up in arms with all your political figures. Do you consider yourself “collateral damage?”

Well, thanks to your politicians, that’s exactly what you are! If the dollar should collapse tomorrow, it is certain that they have a plan b? It’s also certain to suggest that you would be on your own, effectively, making you “collateral damage to whatever is yet to come. Do you like that position? If you answered No! Then do something about it. Call your prospective representatives’ and voice your opinion.

The IMF disclosed recently that Special Drawing Rights (SDRs) could help stabilize the global financial system – at the expense of the American dollar that is. Could this be the American dollar’s fall from grace? IMF appears adamant about replacing the American dollar and justifies its insistent of SDRs as a viable replacement that could help stabilize the global financial system and calm the other countries down.

According to CNN money, “SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar.”

Constitutional Reference for Today:

“It is hardly too strong to say that the Constitution was made to guard the people against the dangers of good intentions. There are men in all ages who mean to govern well, but they mean to govern. They promise to be good masters, but they mean to be masters.” — Daniel Webster


December 21, 2011 Posted by | Business News | , , , , , , , , , | Leave a comment

President Barack Obama’s Job-Creation Package failed short of the 60 votes needed.

Mervin Sealy from Hickory, North Carolina, takes part in a protest rally outside the Capitol Building in Washington

The $447 billion package of tax cuts and new spending failed by a vote of 50 to 48, short of the 60 votes it needed to advance in the 100-member Senate. Voting was expected to continue for several hours but would not affect the outcome.

Obama vows to break jobs plan into seperate bills after Senate setback

The Senate defeated President Barack Obama’s job-creation package on Tuesday in a sign that Washington is likely too fractured to take major steps to encourage hiring before the 2012 elections.

However, will the unemployed / under-employed, 99’ers and the remainder of the 17 million displaced for one reason or another continue too wait or can afford too wait until after the next election, or will a genuine movement with a people’s platform rise up within The Occupy Wall Street movement and force the hand of the government to perform the job they were elected to do or go home?

Someone on Capitol Hill needs to have enough backbone and intestinal fortitude to push through all the manure that the House and Senate keep trying to ram down the people’s throat.

Something that one of the participants from the movement said (she appeared to be middle age, possibly from the suburbs) was very telling of how most of the unemployed and under-employed feel. She stated that for the first time she was worried about the direction this country has taken and wondering how long can we survive in our present state. How Long? Not Long?

Remember the phrase:”A house divided against it self cannot stand.” If that is true, then what do you think about a country?

Even President Obama acknowledged that “Ultimately, the American people won’t take “no” for an answer. It’s time for Congress to meet their responsibility, put their party politics aside and take action on jobs right now.”

This country is at a crossroads. Which road will the House and Senate take?

Is it possible for a group of people to despise a man so much that they are willing to destroy the entire country in the process, even if it means going down in the process?

Let’s call it what it is! Hate!

Will a entire country of people stand idle on the sidelines and allow a small group of politicians to manipulate and use them as collateral damage while they watch the country slide into the sinking sand just to avenge what they perceive to be “A get him out at any cause mentality.” Were you consulted before they decided to play with your life or did the politicians think that they have the “power of attorney” to make life or death decisions on your behalf?

“So, what are you going to do? Stand Up {Mervin Sealy from Hickory, North Carolina, takes part in a protest rally outside the Capitol Building in Washington”}and be Heard or Become Collateral Damage? It’s Your Choice or is it?”

To: All the registered voters who actually vote. There is a lesson to be learned by the mess that United States finds itself in. The voters voiced their choice of representation by way of vote. When you vote for a particular candidate, you virtually give him or her the right to speak for you. When the votes are cast! It’s to late,then,too try to learn about the candidate you selected.

If you voted for a candidate based on popularity, because someone told you to vote for them or because of your dislike for the other candidate, without researching and seeking out as much information on that candidate as possible but got caught up in the hype. Shame on you!

At least now, hopefully, you can learn from past mistakes and make an informed choice based on your own research, so that, at the end of the day, you can truly say that “you have full confidence in the person you selected” and without trepidation can look at the man in the mirror and recognize the person staring back at you.

“Your Voice is really your Vote!” Don’t take it for granted! LooK at it this way! Will you work 40 hours a week and give your paycheck to a stranger just because they ask you for it? If that’s the case? Can I have it? See … what I mean!

October 12, 2011 Posted by | Late Breaking News | , , , , , , , , | 2 Comments