article directory


Home | Top Editorials | Popular Content | Article Directory | Help/Faq's | Submit Articles | Account Login
Editorial Search







:: Main Articles :: Finance / Investing



Stansberry Research About IMF's Global Currency Suggestion
Finance / Investing Author: Elisheva Wiriaatmadja
Stansberry Research About IMF's Global Currency Suggestion
Porter Stansberry, founder of Stansberry and Associates or Stansberry Research wrote a letter to their hundreds of thousands subscribers and made it into a 2-hour video presentation for the public to see. The video presentation is a controversial one and warned the audience that it may offend some people.

The video presentation shows shocking facts happening in countries and even on US soil where the US dollar is being dumped and replaced by alternative made up currencies within the United States and other foreign currency used for bilateral trades between several countries.

The most shocking fact that Stansberry Research pointed out regarding the US dollar is that the International Monetary Fund (IMF) itself has released a report titled "Reserve Accumulation and International Monetary Stability" where it suggested a new currency called "Bancor".

The IMF suggested that one option for the new currency "bancor" is to be adopted by fiat as a common currency as was the euro. The reason for this is so that "bancor" will immediately result in widespread use and immediately eliminate exchange rate volatility among adopters. Another scenario which is less ambitious was suggested by the IMF for the "bancor" to circulate alongside national currencies worldwide. However, this would need to be adopted by fiat by at least some countries in order for an exchange market to develop.

In the report which was released in April 2010, IMF pointed out that the reason for a global currency, bancor, issued by a global central bank, was so that it can become a stable store of value that is not tied exclusively to the conditions of any particular economy. IMF further argues that bancor could serve as a global nominal anchor if it becomes a stable store of value.

The video presentation by Stansberry Research continues to unfold more and more facts regarding the end of the US dollar as the world's reserve. The fact that the IMF itself suggests a new global currency in place of the US dollar as the world's reserve is already a sign that the death of the US is real.

Stansberry Research records that the World Bank President Robert Zoellick himself said that he is looking forward to other options to the dollar. Quoting Robert Zoellick, Porter Stansberry writes, "The United States would be mistaken to take for granted the dollar's place as the world's predominant reserve currency. Looking forward, there will increasingly be other options to the dollar."
Total Views: 1248 | Approx word count : 424 | 01/05/2011





MarketersDomination Related Articles
Does Cash Advance Impact Your Financial Future? By: Elisheva Wiriaatmadja - With these harsh economic times, getting a cash advance on your next pay check is a great way to let go of the agony that your family is facing. By filling out a simple application, you can have cash in your hand within a day, in many places. This ca...
Ways To Buy Inexpensive Instant Life Insurance By: Evan Povich - When looking for term life vs whole life insurance you have most likely heard the phrase: "Better may not be cheaper and cheaper may not be better." Because of the negative aspects of whole life insurance there is only one choice and that i...
Take Advantage of Payday Loans to Get You Through the Crunch By: Elisheva Wiriaatmadja - Grabbing a cash advance is the easy way to ease the burden on you and your family. These payday loans are easy to get, and many people love how much it helps them relieve the stress of making it through the next month. Often, you will fill out a simp...
0 Percent Credit Card Offers ARE Available By: Melanie Simpson - Wondering if the the ads for 0 credit cards by the credit card companies are actually true? Long term wise the credit card companies hope to earn your business through the interest they charge but the 0% they are referring to is the APR also known as...
Where to Find $100,000 Worth of Student Loan Forgiveness By: Elisheva Wiriaatmadja - The US government has already announced the good news of student loan forgiveness programs where students could take the chance to have their debt load lifted up and face a much brighter and lighter future ahead. However, the number of applications f...
Private Loans for Students are Number 1 Reason for US Debt By: Elisheva Wiriaatmadja - The Federal Reserve just released a report this month which states that the total amount of private loans for students have reached more than the total amount of credit card debt in the United States. The report shows that Americans owe $826.5 bill...
Home | Top Editorials | Popular Content | Article Directory | Support | Terms | Privacy | Account Login

Article Marketing | Article Directory | Article Spinning | Content Syndication | Article Distribution

© 2017, All Rights Reserved.
All other copyrights belong to their respective owners. Internet Marketing Forum