{"id":848,"date":"2015-11-25T12:54:15","date_gmt":"2015-11-25T11:54:15","guid":{"rendered":"http:\/\/finalwakeupcall.info\/en\/?p=848"},"modified":"2015-11-25T12:54:15","modified_gmt":"2015-11-25T11:54:15","slug":"sdr-global-currency-scam","status":"publish","type":"post","link":"https:\/\/finalwakeupcall.info\/en\/2015\/11\/25\/sdr-global-currency-scam\/","title":{"rendered":"SDR global currency scam"},"content":{"rendered":"<p><strong>The war on Cash:<\/strong><\/p>\n<p>The money in your savings account isn\u2019t piled up inside your bank\u2019s vault, which isn\u2019t true. Your savings don\u2019t really exist. It\u2019s all digits in an electronic account ledger. People transact with these digital currency units, whenever a bank transfer is made, or a credit card is used.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/finalwakeupcall.info\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/war-on-cash.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-836\" src=\"http:\/\/finalwakeupcall.info\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/war-on-cash-300x219.jpg\" alt=\"war on cash\" width=\"300\" height=\"219\" \/><\/a>The concept actually dates back to the Middle Ages when Italian bankers realized that they could conduct their transactions without physical money. Rather than risk transporting gold coins across the countryside, medieval bankers merely annotated their ledgers with debit and credit entries. They didn\u2019t have computers, but it was the same concept \u2013 they kept track of transactions and balances on account ledgers, instead of with physical money.<\/p>\n<p>&nbsp;<\/p>\n<p>This means that the \u2018money\u2019 in your savings account isn\u2019t really yours. <strong>You don\u2019t actually have any savings.<\/strong> What you really have is a <strong>claim on your bank\u2019s savings<\/strong>. Your account is just an entry in the liability column of their digital ledger. When you make a deposit, you\u2019re trading your money for a banker\u2019s promise to repay you. And there are countless regulations giving them the authority to break that promise. This is not a free system. And any rational person should consider keeping at least an emergency fund outside of this system.<\/p>\n<p>&nbsp;<\/p>\n<p>That\u2019s exactly the reason behind the war on cash by the Central Planners. To show how far they have come in this direction over the last few years:<\/p>\n<ul>\n<li>Italy made cash transactions over \u20ac1,000 illegal;<\/li>\n<li>Switzerland proposed banning cash payments in excess of 100,000 francs;<\/li>\n<li>Russia banned cash transactions over $10,000;<\/li>\n<li>Spain banned cash transactions over \u20ac2,500;<\/li>\n<li>Mexico made cash payments of more than 200,000 pesos illegal;<\/li>\n<li>Uruguay banned cash transactions over $5,000; and<\/li>\n<li>France made cash transactions over \u20ac1,000 illegal, down from the previous limit of \u20ac3,000.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>They want to eliminate hand-to-hand currency so that governments can document, control, and tax everything and everyone.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>SDR the global currency:<\/strong><\/p>\n<p><a href=\"http:\/\/finalwakeupcall.info\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/global_currency.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-837 alignright\" src=\"http:\/\/finalwakeupcall.info\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/global_currency-300x253.jpg\" alt=\"global_currency\" width=\"300\" height=\"253\" \/><\/a>In the late 1960s, the IMF took this idea to the next level when they created their own digital currency for the exclusive use of governments and central banks. They\u2019re called Special Drawing Rights (SDR). And even though the IMF\u2019s balance sheet totals nearly 300 billion SDR &#8211; around $211 billion, not a single SDR exists in physical form.<\/p>\n<p>The IMF is a club of bankers from all over the world who regulate the entire international monetary system.<\/p>\n<p>&nbsp;<\/p>\n<p>So, 100% of the SDR money supply is digital. Just like Bitcoin, it exists in computer databases, making it the digital equivalent of a 500-year old accounting system.<\/p>\n<p>&nbsp;<\/p>\n<p>All Central Banks decide how much of their currencies to create out of thin air, but the SDR in particular is an even greater scam; the entire reason it was created was because the IMF didn\u2019t have enough real savings. So they \u2018solved\u2019 the problem by creating a new digital currency that allowed them to easily raise money out of thin air. But another scam is going on; the SDR is &#8220;supported&#8221; by the US Dollar, the Euro, the Pound, and the Yen, but all these currencies participate in the race to the bottom, and will finish with ZERO, which makes the SDR an outright fiasco!<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/finalwakeupcall.info\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/world-reserve-currencies.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-838\" src=\"http:\/\/finalwakeupcall.info\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/world-reserve-currencies-300x250.png\" alt=\"world reserve currencies\" width=\"300\" height=\"250\" \/><\/a>To be correct, today the world uses seven different reserve currencies that are held by central banks as a reserve. Attached chart shows all of the currencies that qualify for &#8220;reserve&#8221; status, and the percentages in which governments around the world hold them. The U.S. dollar is, by far, the dominant reserve currency. When most central banks hold money in a currency other than their own, they hold the biggest portion of that foreign money in U.S. dollars, a staggering 62%. On average they hold about 23%, in Euros, and about 4% each in Japanese Yen and British pounds. The Swiss Franc, in fact too, is a reserve currency, but countries hold a paltry $17 Billion in Francs, not even enough to make up 1% of the total.<\/p>\n<p>&nbsp;<\/p>\n<p>What are the identifiable factions in the negotiations towards a world government? &#8211; The French, Germans and other European allies are pushing to make the IMF the most powerful instrument of their New World Order by inviting the Chinese to join them at the SDR table and thus replace the US dollar with something they control. The problem with this is that the IMF has a horrific track record of raping, looting and impoverishing countries in order to benefit large corporations. Nobody wants an IMF world government except the RKM That owns and controls the IMF.<\/p>\n<p>&nbsp;<\/p>\n<p>So to save the existing monetary system, is just replacing the US dollar as the reserve currency by the IMF SDR currency, and from thereon the dangers increase.<\/p>\n<p>&nbsp;<\/p>\n<p>To \u2018solve\u2019 the massive world debt it would be very likely and possible to inflate the world debt away via a massive issuance of SDRs after China has joined the club.<\/p>\n<p>&nbsp;<\/p>\n<p>Likewise what happened with the change from national currencies into the European currency the Euro, this time again the issuance of SDRs as world currency will be a massive dilution of former currencies, which only serve the powers that be, the Khazarians that won\u2019t allow the implementation of a new gold standard, which is reducing away their power.<\/p>\n<p>&nbsp;<\/p>\n<p>Moreover citizens are not allowed to own SDRs. Consequently their purchasing power shrinks while they don\u2019t know whom to blame. Elected officials don\u2019t run the IMF, and the majority of the population doesn\u2019t even know it plays a role in creation of inflation. They even can pretend that they have to save the world, as recently happened with the bailout for Greece.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Alternative none controlled currencies:<\/strong><\/p>\n<div id=\"attachment_839\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"http:\/\/finalwakeupcall.info\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/bicoin-world-currency-692x375.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-839\" class=\"size-medium wp-image-839\" src=\"http:\/\/finalwakeupcall.info\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/bicoin-world-currency-692x375-300x163.jpg\" alt=\"Cryptocurrency coin on digital world map background\" width=\"300\" height=\"163\" \/><\/a><p id=\"caption-attachment-839\" class=\"wp-caption-text\">Cryptocurrency coin on digital world map\u00a0<\/p><\/div>\n<p>Money that is not controlled by central banksters or the IMF is <a href=\"http:\/\/finalwakeupcall.info\/en\/2015\/11\/25\/bitcoin-explained\/\" target=\"_blank\">\u2018perhaps\u2019 Bitcoin<\/a>.<\/p>\n<p>Which certainly is one option. Presumed no one controls it, which is a novel concept in an era when even better option is the <a href=\"http:\/\/kingworldnews.com\/bitgold-inc\/\" target=\"_blank\">gold backed bitcoin<\/a>. Or equal, or better gold and silver both have incredible merit since others cannot make them up out of thin air. Or for the time being even holding physical cash is a much better alternative than keeping everything inside a highly centralised banking system.<\/p>\n<p>&nbsp;<\/p>\n<p>The central banksters, in particular the FED that issues the reserve currency, have the motive to keep the gold price from rising, as they see gold as their competitor. \u00a0That the gold market is manipulated is not a conspiracy theory anymore,\u00a0it is well documented that\u00a0markets are in fact manipulated and done so in the\u00a0directions central banksters wish.\u00a0 This is now FACT by admission of various central bankers, and various admissions of guilt from financial firms who were doing the dirty work!<\/p>\n<p>&nbsp;<\/p>\n<p>The paper to gold ratio at close to 300 is nothing more than a reflection of how desperate the banks are becoming to keep a lid on the price gold\/silver. The paper to underlying deliverable physical commodity ratio is many multiples beyond the ratio the CFTC (Commodity Futures Trading Commission) and CME (Chicago Mercantile Exchange) allow in any other commodity market. It completely destroys the purpose of futures markets. Gold futures were introduced in 1974; one year after the U.S. devalued the dollar vs. the yen and Paul Volker the Fed chairman at the time admitted 20 years later that the Fed made a mistake not preventing the price of gold from moving higher when the dollar was devalued. In 1973 the price of gold couldn\u2019t be manipulated, as gold futures didn\u2019t exist.<\/p>\n<p>&nbsp;<\/p>\n<p>The TRUTH about today\u2019s heralded economic improvement. Here are four economic indicators that aren\u2019t good for economic growth, and ending the recession.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<ol>\n<li><strong> Global economy is slowing<\/strong>:<\/li>\n<\/ol>\n<p>The Baltic Dry Index (BDI) measures the price of shipping materials such as iron, coal, and grains. It accounts for 23 different shipping routes and four ship sizes. It\u2019s one of the most closely watched indicators for the global economy. Last week, the BDI closed for the first time in 20-years below 500, at 498. It was the first time the index has closed below 500 in its twenty-year history. Since May 2008, when it reached its all-time high, it\u2019s been falling 96% from that point ever since. It has fallen 59% since August alone.<\/p>\n<p>&nbsp;<\/p>\n<p>M\u00e6rsk is the world\u2019s largest shipping company. It moves about 15% of all manufactured goods shipped worldwide. If M\u00e6rsk is struggling, it\u2019s because global trade is slowing, it reported a 15% drop in sales during the third quarter. That was the fourth quarter in a row that sales dropped from the previous year.<\/p>\n<p>Its CEO, Nils Smedegaard Andersen, said he\u2019s cutting jobs because the global economy is slowing faster than people think.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"padding-left: 30px;\">\u201cWe believe that global growth is slowing down&#8230;Trade is currently significantly weaker than it normally would be under the growth forecasts we see.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Last month, the International Monetary Fund cut its global GDP forecast from 3.3% to 3.1%. The organization also lowered its growth forecast for 2016 from 3.8% to 3.6%. According to Andersen, these new projections are still too optimistic.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>The EU economy tanked, exports, the lifeblood of the EU economy, cratered. Manufacturing collapsed. Unemployment spiked. The tax revenues of EU nations that needed to make good on their debts were gravely threatened. &#8211; Worse: Germany, the economic power of the EU, was bombarded with a hailstorm of terrible news. &#8211; Deutsche Bank &#8211; Germany\u2019s largest bank &#8211; reported multi-billion-dollar losses, and dismissed thousands of workers, and closed nearly a dozen offices around the world. \u2013 Volkswagen, Germany\u2019s largest employer was caught up in <a href=\"http:\/\/finalwakeupcall.info\/en\/2014\/11\/05\/climate-change-and-carbon-dioxide-swindle\/\" target=\"_blank\">on its own a fraudulent<\/a> emission scandal, likely to cause tens of billions of dollars in losses. Unsurprisingly the powerful German economy, the ONLY economy capable of saving the EU, faltered and then slipped. Amazingly, ALL of this happened in the space of just a few weeks, starting as previously analyzed in the first week of October.<\/p>\n<p>&nbsp;<\/p>\n<p>As over 90% of auto sales is financed, now the biggest subprime auto lenders are reporting that the credit quality of their &#8220;portfolios&#8221; is rapidly declining. They are on the rope for about one trillion euros. At the same time, lending to super-low-quality or &#8220;deep subprime&#8221; borrowers continues to grow. In other words, just like was seen at the beginning of the housing crisis in 2007, lenders continue to give money to &#8220;customers&#8221; <a href=\"http:\/\/finalwakeupcall.info\/en\/2014\/12\/03\/greatest-credit-bubble-in-modern-history\/\" target=\"_blank\">with worse and worse credit rating<\/a>, even while more and more of their existing borrowers have already stopped paying.<\/p>\n<p>&nbsp;<\/p>\n<ol start=\"2\">\n<li><strong> The coming derivative and bond bust will be the biggest crash in history:<\/strong><\/li>\n<\/ol>\n<p>Standard and Poor warned that Asia\u2019s largest commodity trader <a href=\"http:\/\/www.zerohedge.com\/news\/2015-11-23\/sp-just-warned-asias-largest-commodity-trader-it-may-be-downgraded-junk\" target=\"_blank\">Noble will be downgraded to junk status<\/a>. Noble can be better thought of as\u00a0Asia&#8217;s Glencore or Trafigura commodity derivatives on course of implosion. This looming downgrade of Noble Group is just the start of that process. Rumors are floating around that Deutsche Bank is linked to the derivatives at these companies, so it\u2019s worthwhile watching these too. &#8211; With copper inching down to $2.00\/lbs., last month Moody&#8217;s said that a fall below $2.20\/lbs. copper was their threshold to downgrade Glencore&#8217;s credit rating!<\/p>\n<p>&nbsp;<\/p>\n<p>Maloney blames a lot of today\u2019s volatility on the Federal Reserve. He says:<\/p>\n<p style=\"padding-left: 30px;\">\u201cWe\u2019re going into the Bernanke bust. The 2008 global financial crisis was of Alan Greenspan\u2019s making. Ben Bernanke just reacted to it. This time, it will be stocks, real estate and bonds. So, this is going to be the biggest crash in history. This bond market bubble is something that has been constantly inflated for the past 35 years. When it pops, it\u2019s going to be devastating. A bond bubble bursting is deflationary.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Where does that leave gold and silver? Maloney says,<\/p>\n<p style=\"padding-left: 30px;\">\u201cIn the last great deflation, which was well studied, the Great Depression, gold rose 70%&#8230; If you owned gold, you ended up with two and a half times more purchasing power\u2026 One of the few assets that actually did well in the last great deflation was gold.\u201d <a href=\"https:\/\/www.youtube.com\/watch?v=6PZ3-Rg7x7w\" target=\"_blank\">Watch video here.<\/a><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<ol start=\"3\">\n<li><strong> Interest rates a fraud:<\/strong><\/li>\n<\/ol>\n<p>When history looks back on this current period, than is seen that one of the biggest official frauds is the Fed\u2019s empty threat of raising interest rates, and the world will understand how and why it was used to help keep a lid on precious metals.<\/p>\n<p>&nbsp;<\/p>\n<p>Interest rates, should be set by actual demand for capital. This demand ought to create interest rates that encourage thrift, economy, and savings. These interest rates would act as a brake on reckless speculation, forcing entrepreneurs and large businesses to consider what new projects are worthwhile.<\/p>\n<p>&nbsp;<\/p>\n<p>When the suffering of careful saving does not create capital, and when entrepreneurs pay essentially no cost to gamble, mal-investments are created that distorts the markets, and only can be <a href=\"http:\/\/finalwakeupcall.info\/en\/2015\/09\/23\/crack-up-boom-on-its-way\/\" target=\"_blank\">resolved through a crack up boom<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/finalwakeupcall.info\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/Silver-SGT1-Smart-Money-is-running-to-physical-silver.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-840\" src=\"http:\/\/finalwakeupcall.info\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/Silver-SGT1-Smart-Money-is-running-to-physical-silver-300x265.jpg\" alt=\"Silver-SGT1 Smart Money is running to physical silver\" width=\"300\" height=\"265\" \/><\/a>Sound policies might spur economic <em>activity<\/em>, but lower interest rates don\u2019t necessarily create bona fide economic growth or actual wealth. By messing around with the most important price in all of capitalism &#8211; the price of capital itself, Central Banksters deliberately short-circuited the flow of information between consumers and producers and between borrowers and savers. Changing the price system does changing the behaviour, because it is changing the information about incentives that people receive. And that rarely works out in the long run. And remember, central banks only tell what people want to hear.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"padding-left: 30px;\"><em>\u201cIncreasing the money supply is inflation. A hyperbolic increase in the money supply is BY DEFINITION \u201chyperinflation\u201d. The Federal Reserve has already hyper inflated the US Dollar; It\u2019s a past tense. Nothing can prevent it, it\u2019s already been done.\u201d \u2013 says Jeff Nielson.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/finalwakeupcall.info\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/collapse-of-the-dollar.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-841 alignright\" src=\"http:\/\/finalwakeupcall.info\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/collapse-of-the-dollar-300x167.jpg\" alt=\"collapse-of-the-dollar\" width=\"300\" height=\"167\" \/><\/a>Don\u2019t Believe Banksters\u2019\u00a0Lies \u2013 Own Physical Gold And Silver. People have used gold as money for thousands of years. It has protected wealth through every kind of financial crisis imaginable. It can do the same thing again when the next crisis hits. This is why every savor should own physical gold. It\u2019s the first step to safeguard your wealth.<\/p>\n<p>&nbsp;<\/p>\n<ol start=\"4\">\n<li><strong> The Fed Has Already HYPER INFLATED The Dollar<\/strong><\/li>\n<\/ol>\n<p>Jeff Nielson discusses absurd jobs report and the hard-core reality about the US debt ceiling, the Dollar and hyperinflation:<\/p>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" width=\"676\" height=\"507\" src=\"https:\/\/www.youtube.com\/embed\/7h3Gi4f3G04?feature=oembed\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The war on Cash: The money in your savings account isn\u2019t piled up inside your bank\u2019s vault, which isn\u2019t true. Your savings don\u2019t really exist. It\u2019s all digits in an electronic account ledger. People transact with these digital currency units,&#8230; <a class=\"more-link\" href=\"https:\/\/finalwakeupcall.info\/en\/2015\/11\/25\/sdr-global-currency-scam\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[614,220,606,605,619,613,126,616,12,620,617,273,280,18,611,120,608,124,511,607,27,610,609,123,615,618,134,612,19,468,40,409],"class_list":["post-848","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-account-ledgers","tag-bitcoin","tag-capital","tag-capitalism","tag-cash-transactions","tag-controlled-currencies","tag-credit-money","tag-debt-ceiling","tag-deflation","tag-derivatives-bust","tag-digital-currency","tag-electronic-currency","tag-global-currency","tag-gold","tag-gold-backed-bitcoin","tag-gold-backed-currency","tag-gold-futures","tag-gold-standard","tag-hyperinflation","tag-interest-rates","tag-money-printing","tag-paper-gold","tag-paper-to-gold-ratio","tag-quantitative-easing","tag-reserve-currencies","tag-saving-account","tag-sdr","tag-sdr-currency","tag-silver","tag-special-drawing-rights","tag-unemployment","tag-wakeup"],"_links":{"self":[{"href":"https:\/\/finalwakeupcall.info\/en\/wp-json\/wp\/v2\/posts\/848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finalwakeupcall.info\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finalwakeupcall.info\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finalwakeupcall.info\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finalwakeupcall.info\/en\/wp-json\/wp\/v2\/comments?post=848"}],"version-history":[{"count":1,"href":"https:\/\/finalwakeupcall.info\/en\/wp-json\/wp\/v2\/posts\/848\/revisions"}],"predecessor-version":[{"id":849,"href":"https:\/\/finalwakeupcall.info\/en\/wp-json\/wp\/v2\/posts\/848\/revisions\/849"}],"wp:attachment":[{"href":"https:\/\/finalwakeupcall.info\/en\/wp-json\/wp\/v2\/media?parent=848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finalwakeupcall.info\/en\/wp-json\/wp\/v2\/categories?post=848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finalwakeupcall.info\/en\/wp-json\/wp\/v2\/tags?post=848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}